Shareholder plans $4.43M sale of 15,000 RNR (RNR) common shares on NYSE
Rhea-AI Filing Summary
A shareholder of RNR has filed a notice of proposed sale of 15,000 shares of common stock through broker Merrill Lynch on the NYSE, with an indicated aggregate market value of 4,425,000. The filing lists 127,694 shares outstanding for this class.
The shares to be sold were originally acquired from the issuer as stock bonuses on 03/01/2014, 03/01/2015, and 11/10/2015, in amounts of 8,345, 5,091, and 2,764 shares, respectively, each paid for in cash on the acquisition date.
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Insights
Form 144 discloses a planned sale of 15,000 RNR common shares.
The filing shows a holder of RNR common stock intends to sell 15,000 shares on the NYSE through Merrill Lynch, with an aggregate market value of 4,425,000. The shares were acquired as stock bonuses in 2014 and 2015 and paid for in cash.
A Form 144 is a notice of intent, not confirmation that the sale has occurred. The document also notes 127,694 shares outstanding for this class as context. Overall, this is a routine disclosure of a potential secondary-market sale rather than a change to the company’s underlying business.