Form 4: RenaissanceRe Director Brian Gray Receives Restricted Stock Grant

Director Brian Gerald John Gray of RenaissanceRe Holdings Ltd. reports the acquisition of 738 shares of common stock on March 1, 2024, as part of a restricted stock grant.

Summary

• On March 1, 2024, Brian Gerald John Gray, a director of RenaissanceRe Holdings Ltd., acquired 738 shares of common stock.
• The acquisition was a grant of restricted shares under the company's 2016 Long Term Incentive Plan.
• The shares will vest in three equal annual installments starting on March 1, 2025.
• Following the transaction, Gray directly owns 25,118 shares of RenaissanceRe common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted shares aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restricted shares will vest over the next three years, incentivizing the director to contribute to the company's long-term success.

Industry Context

Grants of restricted stock are a common practice in the insurance and reinsurance industry to align the interests of directors and executives with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the reinsurance industry, often benchmarked against peer companies like Arch Capital Group, Validus Re, and PartnerRe.
• Vesting schedules, such as the three-year annual installment plan, are also standard practice to ensure long-term commitment.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's long-term performance.
• Employees may see this as a sign of stability and commitment from the leadership.

Key Dates