SEC Form 4 · accession 0001209191-17-013775
RENAISSANCERE HOLDINGS LTD · RNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rider Fonner Todd
Officer — SVP & CIO
Period of report
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 4:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913144
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 21, 2017 | D | 911 | $146.56 | D | 64,819 | D | |
| Common Stock | Feb 21, 2017 | D | 1,056 | $146.56 | D | 63,763 | D | |
| Common Stock | Feb 21, 2017 | F | 483 | $146.56 | D | 63,280 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the forfeiture, following the Compensation Committee's determination of total shareholder return for 2016, of a portion of the third tranche of performance-based restricted shares granted to the reporting person on March 3, 2014 pursuant to the issuer's 2010 Performance-Based Equity Incentive Plan (the "Plan").
- F2The award consisted of three substantially equal tranches and the amount initially awarded represented the maximum potential achievable number of shares. The number of shares in each tranche that ultimately vests at the expiration of the applicable service period is a function of the issuer's total shareholder return relative to a predetermined peer group of companies during a given calendar-year performance period, and is subject to the reporting person's continued employment through the expiration of the applicable service period. Shares that are no longer eligible to vest following the Compensation Committee's determination of total shareholder return for a performance period are immediately forfeited.
- F3Represents the forfeiture, following the Compensation Committee's determination of total shareholder return for 2016, of a portion of the second tranche of performance-based restricted shares granted to the reporting person on February 27, 2015 pursuant to the Plan.
- F4Shares withheld for payment of withholding taxes upon the vesting, on February 21, 2017, of performance-based restricted shares granted to the reporting person on March 3, 2014.