secwatch.observer — SEC 8-K summary
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Issuer:     REINSURANCE GROUP OF AMERICA INC (RGA)
CIK:        0000898174
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001193125-23-173171
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tony Cheng to become CEO on Dec 31, 2023; receives tax equalization and relocation package
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- Cheng, currently President, will succeed Anna Manning as CEO effective Dec 31, 2023.
- Tax equalization payments to offset U.S. vs. Hong Kong taxes on existing compensation, ABP, and LTI awards vested before relocation.
- Relocation benefits include home sale/purchase cost reimbursement, temporary housing, household goods shipment, and up to $10,000 miscellaneous allowance.
- If Cheng voluntarily leaves or is terminated for cause within 1 year, 100% of relocation costs repayable; within 2 years, 50%.
- Effective date of U.S. payroll transfer contingent on obtaining immigration documents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898174/000119312523173171/0001193125-23-173171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898174/000119312523173171/d501726d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-173171

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