RenaissanceRe (NYSE: RNR) EVP granted stock awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RenaissanceRe Holdings Ltd executive Shannon Lowry Bender reported new stock awards and related tax share withholdings. On March 1, 2026, she acquired 1,785 restricted common shares and 5,356 performance-based restricted common shares at $0 under the company’s 2016 Long Term Incentive Plan.
The time-based restricted shares vest in four equal annual installments beginning on March 1, 2027. The performance-based shares may vest after December 31, 2028, depending on service and metrics tied to book value growth, dividends, and underwriting expense ratio versus peers. To cover withholding taxes on prior awards, 204, 213, 218, and 263 shares were disposed of at $302.46 per share. After these transactions, she directly owned 38,130 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Bender Shannon Lowry
Role
EVP, General Counsel & Secty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,785 | $0.00 | -- |
| Grant/Award | Common Stock | 5,356 | $0.00 | -- |
| Tax Withholding | Common Stock | 204 | $302.46 | $62K |
| Tax Withholding | Common Stock | 213 | $302.46 | $64K |
| Tax Withholding | Common Stock | 218 | $302.46 | $66K |
| Tax Withholding | Common Stock | 263 | $302.46 | $80K |
Holdings After Transaction:
Common Stock — 33,672 shares (Direct)
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.
FAQ
What insider transactions did RNR executive Shannon Lowry Bender report on this Form 4?
She reported receiving new stock awards and tax-related share withholdings. On March 1, 2026, she acquired 1,785 time-based restricted shares and 5,356 performance-based restricted shares, and had several hundred shares withheld to pay taxes on earlier grants that vested.
What are the vesting terms of the new restricted stock granted to RNR’s Shannon Lowry Bender?
The 1,785 restricted shares vest in four equal annual installments starting March 1, 2027. The 5,356 performance-based restricted shares may vest after December 31, 2028, subject to service and performance hurdles related to book value growth, dividends, and underwriting expense ratio.
Which incentive plan governs the stock awards disclosed for RenaissanceRe (RNR) executive Shannon Lowry Bender?
The awards were granted under the RenaissanceRe Holdings Ltd. First Amended and Restated 2016 Long Term Incentive Plan. Both time-based restricted shares and performance-based restricted common shares are issued pursuant to this plan, with defined service and performance conditions for vesting.