CHENG TONY KIN SHUN 4

What Happened Tony Kin Shun Cheng, President, CEO and Director of Reinsurance Group of America (RGA), converted 17,388 performance-contingent stock units into 17,388 shares on March 12, 2026 (value reported at $205.00/share, total $3,564,540). To cover tax withholding, 6,715 of those shares were surrendered to the issuer (valued at $205.00/share, total $1,376,575), leaving a net of 10,673 shares delivered to Cheng. The filing shows the underlying performance units convert one-for-one into common stock.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (period of report 3/12/2026).
• Conversion: 17,388 performance-contingent units → 17,388 shares; reported at $205.00/share = $3,564,540.
• Tax withholding: 6,715 shares surrendered to issuer at $205.00/share = $1,376,575.
• Net shares received: 10,673 (17,388 − 6,715).
• Footnotes: Units were granted as Performance Contingent Stock on March 9, 2023; each unit equals one share; shares were delivered to the issuer to satisfy tax withholding; the $205.00 price was the March 12, 2026 closing price used for withholding calculations.
• Shares owned after the transaction are not reported in the information provided.

Context This was a conversion of performance-contingent awards (not an open-market purchase or sale). The surrender of shares to cover taxes is a routine, administrative disposal (tax withholding), not an active sale in the market. The net result is an acquisition of shares by the insider after satisfying tax obligations.