Arthur Ozeki, EVP and Head of Asia Pacific at Reinsurance Group of America Inc, filed a Form 4 on November 13, 2026, reporting the exercise of stock appreciation rights and a related share withholding transaction dated November 10, 2026.

Key Highlights

  • Transaction date: November 10, 2026, covering the exercise of 1,401 stock appreciation rights originally granted on March 3, 2017, at an exercise price of $129.72.
  • Shares acquired: 1,401 shares of common stock were acquired (transaction code M) at a price of $129.72, bringing beneficial ownership to 14,437 shares.
  • Shares withheld: 664 shares were withheld (transaction code F) at $274.06 per share to cover the exercise price of the stock appreciation rights, resulting in a net settlement of 737 shares of common stock.
  • No tax withholding: According to the filing, no shares were withheld for taxes.
  • Post-transaction ownership: Following both transactions, Ozeki directly held 13,773 shares of common stock.
  • Derivative securities remaining: The filing reports zero stock appreciation rights beneficially owned following the reported transaction.
  • Issuer and exchange: Reinsurance Group of America Inc, traded as NYSE:RGA.

Details of Arthur Ozeki's Stock Appreciation Right Exercise at Reinsurance Group of America

According to the Form 4 filing, Arthur Ozeki, who serves as EVP and Head of Asia Pacific at Reinsurance Group of America Inc (NYSE:RGA), reported two transactions in common stock on November 10, 2026. The first was an exercise (transaction code M) of 1,401 stock appreciation rights at a conversion price of $129.72 per share, which resulted in the acquisition of 1,401 shares of common stock at that same price, raising his directly held total to 14,437 shares at that point.

The filing states that the stock appreciation rights were granted on March 3, 2017, and "settle in Common Stock, vest in 25% increments over four years, starting on December 31 of the year of grant." The expiration date of these rights was listed as March 3, 2027. The price of the derivative security at exercise was reported as $0.

The second transaction recorded on the same date was a share withholding (transaction code F) of 664 shares at $274.06 per share. The filing explains this represents shares withheld "to cover the exercise price of the stock appreciation rights, resulting in a net settlement of 737 shares of Common Stock." Following this withholding, Ozeki's direct beneficial ownership in common stock stood at 13,773 shares. The Form 4 was signed by My Chi To, by Power of Attorney, on November 13, 2026.

What Was Disclosed

Arthur Ozeki, EVP and Head of Asia Pacific at NYSE:RGA, disclosed the exercise of 1,401 stock appreciation rights granted in 2017 and the withholding of 664 shares to cover the exercise price, resulting in direct ownership of 13,773 shares of common stock.