RenaissanceRe CEO forfeits and withholds shares
RenaissanceRe Holdings president and CEO Kevin O'Donnell reported routine share adjustments tied to a performance-based equity award.
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 president and CEO Kevin O'Donnell reported routine share adjustments tied to a performance-based equity award. On March 10, 2026, 2,424 common shares were returned to the issuer when a portion of a March 1, 2023 performance-based restricted share grant was forfeited after the three-year performance period ended on December 31, 2025.
On the same date, 7,647 common shares at $297.22 per share were withheld to cover tax obligations upon vesting of the remaining performance-based restricted shares. After these dispositions, O'Donnell directly held 436,823 common shares, with an additional 1,079 shares held indirectly through a family limited partnership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 2,424 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,647 | $297.22 | $2.27M |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- 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.
- F3. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did RNR CEO Kevin O'Donnell report on March 10, 2026?
AI-generated analysis. How Rhea-AI works. Not financial advice.