Marra David E 4
Research Summary
AI-generated summary
RENAISSANCERE (RNR) EVP David Marra Forfeits Shares & Withholds for Taxes
What Happened
- David E. Marra, Executive Vice President and Chief Underwriting Officer of RENAISSANCERE HOLDINGS LTD (RNR), reported disposals on March 10, 2026 related to performance-based restricted shares. He forfeited 652 shares (no proceeds) and had 2,630 shares withheld to satisfy withholding tax obligations at a per-share value of $297.22, resulting in an aggregate value of approximately $781,689 for the withheld shares. These were not open-market sales; they relate to vesting and forfeiture of performance-based awards.
Key Details
- Transaction dates: March 10, 2026; Form 4 filed March 12, 2026 (filed within typical 2-business-day window).
- Dispositions: 652 shares forfeited at $0.00; 2,630 shares withheld at $297.22 each (≈ $781,689).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 = forfeiture of a portion of performance-based restricted shares granted Mar 1, 2023 after the 3-year performance period ended Dec 31, 2025; F2 = shares withheld to pay withholding taxes upon vesting.
- Transaction types: D = disposition (forfeiture), F = tax withholding on vested awards.
Context
- These entries reflect vesting outcomes for performance-based restricted share awards (some shares forfeited because performance/peer results reduced the vested amount, and some withheld to cover taxes). Tax-withholding and forfeiture are routine administrative events and do not represent an open-market sale or new purchase signal by the insider.