ODonnell Kevin 4
4 · RENAISSANCERE HOLDINGS LTD · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Renaissance (RNR) CEO Kevin O'Donnell Withholds Shares for Taxes
What Happened
Kevin O'Donnell, CEO of Renaissance Holdings Ltd. (RNR), had performance-based restricted shares from a March 1, 2023 award settle following the end of the performance period. The Form 4 shows 7,647 shares were withheld to satisfy tax withholding obligations at $297.22/share (total value ≈ $2,272,841) and 2,424 shares were forfeited to the issuer at $0.00.
Key Details
- Transaction dates: March 10, 2026 (reported on Form 4 filed March 12, 2026). Filing appears timely (within the typical 2-business-day window).
- Dispositions: 7,647 shares withheld for taxes (code F) at $297.22/share = $2,272,841; 2,424 shares forfeited to issuer (code D) at $0.00.
- Shares owned after transaction: not specified in the provided summary of the filing.
- Footnotes of note:
- F1: The 2,424-share line reflects forfeiture of a portion of the March 1, 2023 performance award after peer results and Committee determination.
- F2: The 7,647-share line reflects shares withheld to pay withholding taxes upon vesting.
- F3: Some securities noted elsewhere are owned/controlled by a family limited partnership for immediate family benefit and may be deemed beneficially owned by the reporting person.
- Transaction codes: D = disposition to issuer (forfeiture); F = withholding to cover tax liabilities (common routine treatment on vesting).
Context
This was not an open-market sale but routine post-vesting actions: a portion of the performance-based award was forfeited per performance results, and shares were withheld to satisfy tax withholding (a cashless-like settlement). Such withholdings and forfeitures are administrative outcomes of equity awards and do not necessarily indicate discretionary insider selling or a change in sentiment.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-03-10−2,424→ 444,470 total - Tax Payment
Common Stock
[F2]2026-03-10$297.22/sh−7,647$2,272,841→ 436,823 total
- 1,079(indirect: By Partnership)
Common Stock
[F3]
Footnotes (3)
- [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.
- [F3]These securities are owned and controlled by a family limited partnership for the benefit of immediate family members of the reporting person and may be deemed to be beneficially owned by the reporting person.