RenaissanceRe (NYSE: RNR) CEO forfeits 2,424 shares, 7,647 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ODonnell Kevin
Role
Pres & Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 2,424 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,647 | $297.22 | $2.27M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 444,470 shares (Direct);
Common Stock — 1,079 shares (Indirect, by Partnership)
Footnotes (1)
- 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. Shares withheld for payment of withholding taxes upon the vesting of performance-based restricted shares granted to the reporting person on March 1, 2023. 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
What insider transactions did RNR CEO Kevin O'Donnell report on March 10, 2026?
Kevin O'Donnell reported two routine dispositions on March 10, 2026. He forfeited 2,424 performance-based restricted shares back to the issuer and had 7,647 shares withheld at $297.22 each to satisfy tax obligations upon vesting of a long-term incentive award.