RenaissanceRe (NYSE: RNR) EVP granted time-vested and performance stock awards
Rhea-AI Filing Summary
RenaissanceRe Holdings Ltd executive receives stock awards. EVP and Chief Portfolio Officer Curtis Ross acquired 2,562 restricted common shares and 7,686 performance-based restricted common shares at a price of $0.00 per share as equity compensation grants.
The 2,562 restricted shares were granted under the company’s 2016 Long Term Incentive Plan and will vest in four equal annual installments beginning on March 1, 2027. The 7,686 performance-based restricted shares represent the maximum potential award and will vest after December 31, 2028, subject to service and performance conditions tied to book value growth, dividends, and underwriting expense ratio versus peers, and continued employment through the service period.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,562 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,686 | $0.00 | $0.00 |
Footnotes (2)
- 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.
FAQ
What insider transaction did RNR executive Curtis Ross report on this Form 4?
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