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

Role: EVP, Group Chief Risk Officer
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.

Content

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.

Shares withheld for payment of withholding taxes upon the vesting of performance-based restricted shares granted to the reporting person on March 1, 2020.