Robert Qutub - 01 Mar 2022 Form 4 Insider Report for RENAISSANCERE HOLDINGS LTD (RNR)

Role
EVP, Chief Financial Officer
Signature
/S/ Molly E. Gardner, Attorney-in-Fact
Issuer symbol
RNR
Transactions as of
01 Mar 2022
Net transactions value
-$314,549
Form type
4
Filing time
03 Mar 2022, 17:23:33 UTC
Previous filing
07 Feb 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNR Common Stock Award $0 +5,584 +11% $0.000000 58,359 01 Mar 2022 Direct F1
transaction RNR Common Stock Award $0 +11,168 +19% $0.000000 69,527 01 Mar 2022 Direct F2
transaction RNR Common Stock Tax liability $103,443 -711 -1% $145.49 68,816 01 Mar 2022 Direct F3
transaction RNR Common Stock Tax liability $85,548 -588 -0.85% $145.49 68,228 01 Mar 2022 Direct F4
transaction RNR Common Stock Tax liability $66,343 -456 -0.67% $145.49 67,772 01 Mar 2022 Direct F5
transaction RNR Common Stock Tax liability $59,214 -407 -0.6% $145.49 67,365 01 Mar 2022 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted common shares of the Issuer pursuant to the RenaissanceRe Holdings Ltd. 2016 Long-Term Incentive Plan (the "2016 Plan"). These shares will vest in four equal annual installments beginning on March 1, 2023.
F2 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, 2024, 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.
F3 Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2018.
F4 Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2019.
F5 Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2020.
F6 Shares withheld for payment of withholding taxes upon the vesting of restricted shares granted to the reporting person on March 1, 2021.