HERRMANN RONALD (EVP) exercised options at REINSURANCE GROUP OF AMERICA INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

HERRMANN RONALD

Filed: 8/13/2026ACC: 0001628280-26-056884

InsiderHERRMANN RONALDCIK 1838826

→

IssuerREINSURANCE GROUP OF AMERICA INCCIK 898174

Officer· EVP

Since Jan 2021

-8.68K

Net shares

Net seller

$2.12M

Total sold

Open market trades

0B · 0S

Total transactions

10.80K acquired · 19.48K disposed

Non-Derivative Transactions8

Common stock

Direct

M · Option Exercise

+2.58K

Price / share

$129.01

Trade value

$332.46K

% of position

65.4%

8/11/2026

3.94K→6.51K

Common stock

Direct

F · Tax Withholding

−1.89K

Price / share

$244.65

Trade value

$462.14K

% of position

29.0%

8/11/2026

6.51K→4.63K

Common stock

Direct

M · Option Exercise

+3.10K

Price / share

$138.34

Trade value

$428.58K

% of position

67.0%

8/11/2026

4.63K→7.72K

Common stock

Direct

F · Tax Withholding

−2.34K

Price / share

$244.65

Trade value

$571.75K

% of position

30.3%

8/11/2026

7.72K→5.39K

Common stock

Direct

M · Option Exercise

+3.31K

Price / share

$185.28

Trade value

$613.46K

% of position

61.5%

8/11/2026

5.39K→8.70K

Common stock

Direct

F · Tax Withholding

−2.86K

Price / share

$244.65

Trade value

$698.97K

% of position

32.8%

8/11/2026

8.70K→5.84K

Common stock

Direct

M · Option Exercise

+1.82K

Price / share

$193.00

Trade value

$350.49K

% of position

31.1%

8/11/2026

5.84K→7.66K

Common stock

Direct

F · Tax Withholding

−1.60K

Price / share

$244.65

Trade value

$391.44K

% of position

20.9%

8/11/2026

7.66K→6.06K

Total

Net shares

+2.12K

Net value

-$399.31K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common stock Direct	8/11/2026	M · Option Exercise	+2.58K	$129.01	$332.46K	65.4%	3.94K	6.51K
Common stock Direct	8/11/2026	F · Tax Withholding	−1.89K	$244.65	$462.14K	29.0%	6.51K	4.63K
Common stock Direct	8/11/2026	M · Option Exercise	+3.10K	$138.34	$428.58K	67.0%	4.63K	7.72K
Common stock Direct	8/11/2026	F · Tax Withholding	−2.34K	$244.65	$571.75K	30.3%	7.72K	5.39K
Common stock Direct	8/11/2026	M · Option Exercise	+3.31K	$185.28	$613.46K	61.5%	5.39K	8.70K
Common stock Direct	8/11/2026	F · Tax Withholding	−2.86K	$244.65	$698.97K	32.8%	8.70K	5.84K
Common stock Direct	8/11/2026	M · Option Exercise	+1.82K	$193.00	$350.49K	31.1%	5.84K	7.66K
Common stock Direct	8/11/2026	F · Tax Withholding	−1.60K	$244.65	$391.44K	20.9%	7.66K	6.06K
Total			+2.12K		-$399.31K

Derivative Transactions4

Stock Appreciation Right (right to purchase) 2021

Direct

M · Option Exercise

Converts to

Common stock

2.58K shares

−2.58K

Strike price

129.01

Held after

0.00

Exercisable

—

8/11/2026

Stock Appreciation Right (right to purchase) 2023

Direct

M · Option Exercise

Converts to

Common stock

3.10K shares

−3.10K

Strike price

138.34

Held after

1.03K

Exercisable

—

8/11/2026

Stock Appreciation Right (right to purchase) 2024

Direct

M · Option Exercise

Converts to

Common stock

3.31K shares

−3.31K

Strike price

185.28

Held after

1.66K

Exercisable

—

8/11/2026

Stock Appreciation Right (right to purchase) 2025

Direct

M · Option Exercise

Converts to

Common Stock

1.82K shares

−1.82K

Strike price

193

Held after

3.63K

Exercisable

—

8/11/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Appreciation Right (right to purchase) 2021 Direct	Common stock2.58K shares	8/11/2026	M · Option Exercise	−2.58K	129.01	—	0.00
Stock Appreciation Right (right to purchase) 2023 Direct	Common stock3.10K shares	8/11/2026	M · Option Exercise	−3.10K	138.34	—	1.03K
Stock Appreciation Right (right to purchase) 2024 Direct	Common stock3.31K shares	8/11/2026	M · Option Exercise	−3.31K	185.28	—	1.66K
Stock Appreciation Right (right to purchase) 2025 Direct	Common Stock1.82K shares	8/11/2026	M · Option Exercise	−1.82K	193	—	3.63K