Bender Shannon Lowry 4

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.