Bender Shannon Lowry 4
4 · RENAISSANCERE HOLDINGS LTD · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Renaissance (RNR) EVP Shannon Lowry Bender Withholds Shares
What Happened
Shannon Lowry Bender, EVP, General Counsel & Secretary of Renaissance Holdings Ltd. (RNR), had 1,525 vested performance-based restricted shares withheld to satisfy tax withholding at $297.22 per share (total ~ $453,261) and 483 shares were forfeited/returned to the issuer (disposed at $0). These were not open-market sales but administrative dispositions related to the vesting and settlement of performance-based awards granted March 1, 2023 that vested after the performance period ended December 31, 2025.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the usual 2-business-day window).
- Withheld for taxes: 1,525 shares at $297.22 each = $453,261 (code F — tax withholding).
- Forfeited/returned to issuer: 483 shares at $0 (code D — disposition to issuer).
- Shares owned after the transactions: not specified in the provided filing details.
- Footnotes: F1 = forfeiture of portion of performance-based restricted shares due to peer-performance results; F2 = shares withheld to pay withholding taxes upon vesting.
- These were administrative actions (withholding/forfeiture), not purchases or open-market sales.
Context
This reflects settlement mechanics of performance-based restricted share awards: some shares vested based on multi-year performance, some were forfeited based on peer comparisons, and a portion was withheld to cover taxes. Such withholding/forfeiture transactions are routine and do not necessarily signal insider market views.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-03-10−483→ 37,647 total - Tax Payment
Common Stock
[F2]2026-03-10$297.22/sh−1,525$453,261→ 36,122 total
Footnotes (2)
- [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.