Herrmann's $1.44M sale is the largest insider trade at RGA in at least 30 days (prior 30d: only $89K total). While the dollar amount is <0.01% of market cap, the EVP's timing — mid-month, with no 10b5-1 pattern evident — warrants monitoring for any upcoming earnings or operational update. The cluster of director grants is routine and non-cash; they carry no signal. Watch for further insider sales or a Form 144 filing that might indicate a planned selling program.
Price Chart
Executive Summary
Two RGA insiders, including EVP Ronald Herrmann, sold $1.53M in stock within a 7-day window. Herrmann's $1.44M sale dominates the cluster and is significant relative to market cap (~0.01%). The cluster also contains routine director grants (non-cash) and an EVP/Controller's derivative exercise with minimal open-market sale ($89K).
Key Financial Metrics
Key Facts
- Ronald Herrmann (EVP) sold 6.8K shares at $210.56 for $1.44M on 2026-05-14.
- John Hayden (EVP, Controller) sold 414 shares at $214.95 for $89K on 2026-05-20.
- Total open-market sales: $1.53M (~0.01% of $14.1B market cap).
- Director grants (non-cash) of 613-1,856 shares each to 10 directors on 2026-05-20.
- Hayden exercised 1,867 derivative shares at $129.80 on 2026-05-20; most were surrendered for tax withholding ($312K).
Financial Impact
Open-market sales of $1.53M, with Herrmann sale representing 94% of total. As a fraction of market cap, the cluster is 0.01% — modest in absolute terms but notable for a single-EVP sale.
Risk Factors
- Herrmann sale could precede negative Q2 2026 operational news (e.g., mortality claims, reserve charges) or a broader insider de-risking event.
- No 10b5-1 plan noted; sale appears discretionary.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RGA-1779488177913 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $263.94 | awaiting T+60 | — | $262.65 (−0.49%) |
Jul 9, 2026 15w ago | 8-K | $231.16 $251.04 | ▲ +8.60% | ▲ +5.97% | $262.65 (+13.62%) |
Jun 22, 2026 18w ago | 8-K | $209.15 $248.36 | ▲ +18.75% | ▲ +17.00% | $262.65 (+25.58%) |
Jun 15, 2026 19w ago | 25-NSE | $210.39 $244.93 | ▲ +16.42% | ▲ +15.42% | $262.65 (+24.84%) |
May 22, 2026 22w ago | Insider Cluster | $210.92 $240.70 | ▼ −14.12% | ▼ −11.66% | $262.65 (−24.52%) |
US Market Status
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