RenaissanceRe CFO reports RSU forfeiture, tax shares
RENAISSANCERE HOLDINGS LTD EVP and CFO Robert Qutub reported compensation-related stock adjustments tied to a prior equity award.
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Rhea-AI Filing Summary
RENAISSANCERE HOLDINGS LTD EVP and CFO Robert Qutub reported compensation-related stock adjustments tied to a prior equity award. On March 10, 2026, he disposed of 979 shares of common stock back to the issuer as a forfeiture of performance-based restricted shares granted on March 1, 2023, after the three-year performance period ended on December 31, 2025. On the same date, 3,087 shares were disposed of to cover withholding taxes upon vesting of those performance-based restricted shares at a price of $297.22 per share. These were not open-market purchases or sales. Following these transactions, he directly owned 77,907 shares of common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 979 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,087 | $297.22 | $918K |
Footnotes (2)
- F1. 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.
- F2. Shares withheld for payment of withholding taxes upon the vesting of performance-based restricted shares granted to the reporting person on March 1, 2023.
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