GIDUMAL SHYAM H 4
Research Summary
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RenaissanceRe (RNR) Director Shyam Gidumal Receives Restricted Shares
What Happened Shyam H. Gidumal, a director of RenaissanceRe Holdings Ltd. (RNR), received an award of 578 restricted shares on March 1, 2026. The shares were granted at $0.00 (no cash purchase); reported value of the grant is $0 for acquisition cost. The award was made under the RenaissanceRe Holdings Ltd. First Amended and Restated 2016 Long Term Incentive Plan.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
- Transaction type: Award/Grant (code A); 578 shares granted at $0.00 per share (acquisition value $0).
- Vesting: Shares will vest in three equal annual installments beginning March 1, 2027 (per footnote).
- Shares owned after transaction: not disclosed in the filing.
- Footnote/plan: Grant made pursuant to the company's 2016 LTIP (as amended).
- Filing notes: No late-filing indication was shown on the Form 4.
Context Restricted share awards are compensation, not open-market purchases or sales. They generally align executives/directors with long-term shareholder outcomes but do not by themselves indicate a buy/sell sentiment. Vesting schedule means the director must remain with the company (or meet other plan conditions) to realize full ownership over the next three years. Exhibit included: Power of Attorney.