Robert Qutub - Feb 4, 2022 Form 4 Insider Report for RENAISSANCERE HOLDINGS LTD (RNR)

Role: EVP, Chief Financial Officer
Signature: /S/ Molly E. Gardner, Attorney-in-Fact
Stock symbol: RNR
Transactions as of: Feb 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/7/2022, 04:42 PM
Previous filing: Jan 4, 2022
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RNR	Common Stock	Disposed to Issuer	$0	-2.28K	-4.14%	$0.00	52.8K	Feb 4, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.

Content

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.

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.