RenaissanceRe (NYSE: RNR) EVP details forfeited and withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RenaissanceRe Holdings EVP, General Counsel & Secretary Shannon Lowry Bender reported compensation-related share adjustments. On March 10, 2026, 483 common shares were forfeited back to the company when a March 1, 2023 performance-based restricted share award settled based on final performance results for the 2023–2025 period.
On the same date, 1,525 common shares were withheld at $297.22 per share to cover taxes due upon vesting of that performance-based award. After these non-market dispositions, Bender directly held 36,122 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bender Shannon Lowry
Role
EVP, General Counsel & Secty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 483 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,525 | $297.22 | $453K |
Holdings After Transaction:
Common Stock — 37,647 shares (Direct)
Footnotes (1)
- Represents the forfeiture of a portion of performance-based restricted shares granted to the reporting person on March 1, 2023 pursuant to the issuer's First Amended and Restated 2016 Long Term Incentive Plan, as amended. The award vested following the expiration of the performance period on December 31, 2025, subject to satisfaction of service- and performance-based conditions. The amount initially awarded represented the maximum achievable number of shares. The number of shares that ultimately vested was a function of the issuer's average growth in book value per common share plus accumulated dividends and average underwriting expense ratio as compared to peers during the three-year performance period, as determined by the Corporate Governance and Human Capital Management Committee. Shares that were no longer eligible to vest following the release of peer results and the Committee's determination of performance were forfeited. Shares withheld for payment of withholding taxes upon the vesting of performance-based restricted shares granted to the reporting person on March 1, 2023.
FAQ
What insider transactions did RenaissanceRe (RNR) report for Shannon Lowry Bender?
RenaissanceRe reported that EVP, General Counsel & Secretary Shannon Lowry Bender forfeited 483 common shares and had 1,525 shares withheld for taxes. Both actions were tied to the vesting of a performance-based restricted share award granted on March 1, 2023.
Were the RenaissanceRe (RNR) transactions open-market sales or routine equity adjustments?
The transactions were routine equity adjustments, not open-market sales. Shares were forfeited based on final performance results and withheld to pay taxes upon vesting of a performance-based restricted share award under RenaissanceRe’s long-term incentive plan.