RenaissanceRe EVP forfeits 1,070 performance shares
RenaissanceRe Holdings Ltd executive Curtis Ross reported a disposition of 1,070 shares of common stock back to the company.
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 executive Curtis Ross reported a disposition of 1,070 shares of common stock back to the company. The shares were forfeited at a price of $0.00 per share as part of a performance-based restricted share award originally granted on March 1, 2023 under the company’s long-term incentive plan.
The award’s final vesting depended on RenaissanceRe’s three-year performance through December 31, 2025, based on growth in book value per common share plus accumulated dividends and underwriting expense ratio versus peers. After this forfeiture, Ross directly holds 175,991 shares of common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 1,070 | $0.00 | $0.00 |
Footnotes (1)
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RenaissanceRe (RNR) report for Curtis Ross?
Was Curtis Ross’s RenaissanceRe (RNR) transaction an open-market sale?
When was the forfeited RenaissanceRe (RNR) award granted and when did it vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.