John W. Hayden, who serves as Executive Vice President and Controller at Reinsurance Group of America Inc. (NASDAQ:RGA), was involved in noteworthy stock transactions on May 20, 2026. Mr. Hayden sold 414 shares of common stock, totaling $88,989, with the sale price set at $214.95 per share.
Concurrent with the sales, Mr. Hayden acquired a substantial amount of company equity through the exercise of Stock Appreciation Rights (SARs). Specifically, he purchased 1,867 shares of common stock at a cost of $129.80 per share, amounting to $242,336.
The process involved additional disposals and deductions. From the newly acquired shares, 1,453 shares were subsequently disposed of, valued at $312,322, sold at a price of $214.95 per share. This disposition covered both the base price required for the SARs and applicable withholding taxes.
To detail the mechanics of this transaction, 1,126 shares were deducted to satisfy the base price associated with the SARs, while an additional 327 shares were withheld to cover taxes based on the stock’s fair market value recorded on the date the rights were exercised. These combined actions resulted in a net issuance of 414 shares from the exercise of the Stock Appreciation Rights.
The underlying Stock Appreciation Rights were initially granted on March 3, 2017, and had fully vested over time, specifically in 25% increments on December 31, 2017, December 31, 2018, December 31, 2019, and December 31, 2020.
These executive actions occurred against a backdrop of market data for RGA. The company was trading at $213.98, with a reported market capitalization of $13.95 billion. Market analysis provided by InvestingPro indicated that the stock appeared undervalued when compared to its Fair Value, while simultaneously maintaining a