PORTER JONATHAN 4

What Happened
Jonathan Porter, EVP & Global Chief Risk Officer of Reinsurance Group of America (RGA), exercised/converted 5,456 performance-contingent stock units on March 12, 2026, resulting in the acquisition of 5,456 shares valued at $205.00 each (total value $1,118,480). To satisfy tax withholding, 2,921 of those shares were delivered back to the issuer at the $205 closing price (value $598,805). Net shares received by Porter from this transaction were 2,535 shares.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filed within the standard two business days).
• Exercise/conversion: 5,456 performance-contingent stock units → 5,456 common shares (reported value $1,118,480). (Transaction code M)
• Tax withholding: 2,921 shares delivered to issuer to cover taxes at $205.00/share (value $598,805). (Transaction code F)
• A related record lists the derivative units converted (each unit = 1 share). (Footnotes F1–F4)
• Shares owned after the transaction: not specified in the filing.
• Footnotes summary: units granted March 9, 2023 (performance-contingent); share surrender used for tax withholding at the March 12 closing price; each unit equals one share.

Context

• This was a conversion of performance-contingent stock units (not an open-market purchase or sale). The transaction functioned like a vesting/exercise event with share withholding to cover taxes (common practice).
• Because the filing shows conversion and share surrender for taxes (a cashless withholding), it does not by itself indicate a buying or selling decision about the stock—it's an execution of a compensation award.