Ian D. Branagan - Mar 10, 2023 Form 4 Insider Report for RENAISSANCERE HOLDINGS LTD (RNR)

Signature
/S/ Molly E. Gardner, Attorney-in-Fact
Stock symbol
RNR
Transactions as of
Mar 10, 2023
Transactions value $
-$526,942
Form type
4
Date filed
3/13/2023, 06:24 PM
Previous filing
Mar 3, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RNR Common Stock Disposed to Issuer $0 -4.01K -4.91% $0.00 77.7K Mar 10, 2023 Direct F1
transaction RNR Common Stock Tax liability -$527K -2.71K -3.49% $194.30 75K Mar 10, 2023 Direct F2
holding RNR Common Stock 1.37K Mar 10, 2023 By Child
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the forfeiture of a portion of performance-based restricted shares granted to the reporting person on March 1, 2020 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, 2022, 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, 2020.