RenaissanceRe CFO receives stock grants, tax withholding
RenaissanceRe Holdings Ltd EVP and CFO Robert Qutub reported a mix of stock awards and tax-related share withholdings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
RenaissanceRe Holdings Ltd EVP and CFO Robert Qutub reported a mix of stock awards and tax-related share withholdings. He acquired 2,644 restricted common shares that will vest in four equal annual installments starting on March 1, 2027.
He also received 7,934 performance-based restricted shares, representing the maximum potential award, which may vest after the service period ending on December 31, 2028 if service and performance conditions are met. To cover withholding taxes on earlier restricted share vestings, 1,628 shares were disposed of at $302.46 per share, and his direct holdings stood at 81,973 shares afterward.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,644 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,934 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 517 | $302.46 | $156K |
| Exercise Price or Tax Liability | Common Stock | 432 | $302.46 | $131K |
| Exercise Price or Tax Liability | Common Stock | 350 | $302.46 | $106K |
| Exercise Price or Tax Liability | Common Stock | 329 | $302.46 | $100K |
Footnotes (6)
- F1. Grant of restricted shares of the issuer pursuant to the RenaissanceRe Holdings Ltd. First Amended and Restated 2016 Long Term Incentive Plan, as amended (the "2016 Plan"). These shares will vest in four equal annual installments beginning on March 1, 2027.
- F2. Grant of performance-based restricted common shares of the Issuer pursuant to the 2016 Plan. These shares will vest following the expiration of the service period on December 31, 2028, subject to the satisfaction of service- and performance-based vesting conditions. The amount awarded represents the maximum potential achievable number of shares. The number of shares that ultimately vests is 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, and is subject to the reporting person's continued employment through the expiration of the service period.
- F3. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2022.
- F4. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2023.
- F5. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2024.
- F6. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RNR EVP and CFO Robert Qutub report in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.