Qutub Robert 4
4 · RENAISSANCERE HOLDINGS LTD · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
RenaissanceRe (RNR) CFO Robert Qutub Receives Award; Shares Withheld
What Happened
Robert Qutub, Chief Financial Officer of RenaissanceRe Holdings Ltd (RNR), had performance-based restricted shares vest following the end of the performance period. Per the Form 4, 3,087 vested shares were withheld to pay withholding taxes at $297.22 per share (total value ~$917,518) and 979 shares were forfeited to the issuer (no proceeds).
Key Details
- Transaction dates: March 10, 2026; filing date: March 12, 2026 (filed within the standard Form 4 reporting window).
- Withheld for taxes: 3,087 shares @ $297.22 = $917,518 (code F — shares withheld to satisfy tax liability).
- Forfeited/disposition to issuer: 979 shares @ $0.00 (code D — shares returned/forfeited).
- Shares owned after transaction: Not specified in the excerpt of the filing. See the full Form 4 for total holdings.
- Footnotes:
- The forfeiture (979 shares) reflects a portion of the March 1, 2023 performance-based restricted share grant that did not vest after the three-year performance period (per F1).
- The 3,087 shares were withheld to cover withholding taxes upon vesting (per F2).
Context
These entries reflect the vesting outcome of a performance-based restricted share award (granted 3/1/2023) rather than an open-market sale or purchase. The forfeiture means fewer shares met performance criteria; the withholding is a routine, cashless method to satisfy tax obligations and does not necessarily signal insider buying or selling interest.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-03-10−979→ 80,994 total - Tax Payment
Common Stock
[F2]2026-03-10$297.22/sh−3,087$917,518→ 77,907 total
Footnotes (2)
- [F1]Represents the forfeiture of a portion of performance-based restricted shares granted to the reporting person on March 1, 2023 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, 2025, 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, 2023.