RenaissanceRe (RNR) CEO receives new stock awards and covers taxes with shares
Rhea-AI Filing Summary
RenaissanceRe Holdings Ltd reported insider equity awards and related tax withholdings for President and CEO Kevin O’Donnell. On March 1, 2026, he was granted 8,596 restricted shares that vest in four equal annual installments beginning March 1, 2027.
He was also granted up to 25,788 performance-based restricted shares, which may vest after December 31, 2028, depending on the company’s book value growth, dividends, and underwriting expense ratio versus peers, and continued employment. To cover withholding taxes on prior awards, a total of 5,679 shares were automatically withheld, not sold on the open market.
After these transactions, O’Donnell directly held 446,894 common shares, and an additional 1,079 shares were held indirectly through a family limited partnership for the benefit of immediate family members, which may be deemed beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,596 | $0.00 | -- |
| Grant/Award | Common Stock | 25,788 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,595 | $302.46 | $482K |
| Tax Withholding | Common Stock | 1,068 | $302.46 | $323K |
| Tax Withholding | Common Stock | 1,039 | $302.46 | $314K |
| Tax Withholding | Common Stock | 977 | $302.46 | $296K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. 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. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2022. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2023. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2024. Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2025. These securities are owned and controlled by a family limited partnership for the benefit of immediate family members of the reporting person and may be deemed to be beneficially owned by the reporting person.