Qutub Robert 4

What Happened

• Robert Qutub, CFO of RenaissanceRe Holdings Ltd. (RNR), received two equity awards on March 1, 2026: 2,644 restricted shares and 7,934 performance-based restricted shares (total 10,578 shares, granted at $0). On the same date 1,628 shares were withheld to satisfy withholding tax obligations (reported as dispositions) at $302.46 per share, totaling $492,405. The awards are reported under the company's 2016 Long Term Incentive Plan.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Awards: 2,644 restricted shares (F1) — vest in four equal annual installments beginning March 1, 2027.
• Performance award: 7,934 performance-based restricted shares (F2) — maximum potential award, vests after service period ends Dec 31, 2028, subject to performance and continued employment.
• Tax withholding (code F): 1,628 shares withheld (517, 432, 350, 329) at $302.46 each to cover tax liabilities, total value $492,405 (F3–F6 explain these relate to vesting of prior grants from 2022–2025).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Transaction codes: A = award/grant; F = shares withheld for taxes (not an open-market sale).

Context

• These transactions are primarily grants and routine tax-withholding upon vesting. The performance shares are contingent on future performance and service, so the full 7,934 may not ultimately vest. Withholding to cover taxes is common and does not equate to a voluntary cash sale of stock.