BARBI LESLIE 4

What Happened Barbi Leslie, EVP and Chief Investment Officer of Reinsurance Group of America (RGA), converted 8,430 performance-contingent stock units into 8,430 shares on March 12, 2026. The conversion is reported as an acquisition valued at $205.00 per share (8,430 × $205 = $1,728,150). To satisfy tax withholding, 3,992 of those shares were delivered back to the issuer (reported as a disposition valued at $818,360 at the $205 closing price), leaving a net 4,438 shares retained (net value at $205 = $909,790). This was a conversion of an awarded, performance-based grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-03-12 (Period of Report: 2026-03-12); Form filed 2026-03-16.
• Conversion/acquisition: 8,430 shares at $205.00 (total value $1,728,150).
• Tax withholding: 3,992 shares delivered to issuer at $205.00 (value $818,360).
• Net shares received: 4,438 shares (net value ≈ $909,790 at $205).
• Shares owned after transaction: not specified in the filing.
• Footnotes: Award was Performance Contingent Stock granted March 9, 2023; each unit equals one common share; $205 closing price used for tax withholding; expiration not applicable.
• Filing timeliness: no late-filing indication in the report.

Context This transaction reflects the vesting/conversion of a performance-based award (not an open-market buy or sale). The mechanics here are common: units converted into shares and some shares withheld/surrendered to cover taxes (a cashless withholding), which reduces the number of net shares received. Such conversions are routine compensation events and do not by themselves indicate the insider’s personal buy/sell decision in the open market.