Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | RNR | Common Stock | Disposed to Issuer | $0 | -10.7K | -4.52% | $0.00 | 225K | Feb 4, 2022 | Direct | F1, F2 |
holding | RNR | Common Stock | 1.08K | Feb 4, 2022 | by Partnership | F3 |
Id | Content |
---|---|
F1 | The award consisted of three substantially equal tranches and the amount initially awarded represented the maximum potential achievable number of shares. The number of shares in each tranche that ultimately vested at the expiration of the applicable service period was a function of the Issuer's growth in tangible book value per common share plus accumulated dividends during a given calendar year performance period, and was subject to the reporting person's continued employment through the expiration of the applicable service period. Shares that were no longer eligible to vest following the Compensation Committee's determination of total shareholder return for a performance period were immediately forfeited. |
F2 | Represents the forfeiture, following the Compensation Committee's determination of growth in tangible book value per common share plus accumulated dividends for 2021, of the full amount of the third tranche of performance-based restricted shares granted to the reporting person on March 1, 2019 pursuant to the Issuer's 2016 Long-Term Incentive Plan. |
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 |