Qutub Robert 4

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.