Form 4: RenaissanceRe Director Klehm III Receives Restricted Stock Grant

Director Henry Klehm III receives a grant of restricted shares from RenaissanceRe Holdings Ltd., vesting in equal annual installments starting March 1, 2026.

Summary

• Henry Klehm III, a director of RenaissanceRe Holdings Ltd. (RNR), received a grant of 694 restricted shares of common stock on March 1, 2025.
• The shares were granted under the company's 2016 Long Term Incentive Plan, as amended.
• These shares will vest in three equal annual installments beginning on March 1, 2026.
• Following the transaction, Klehm directly owns 19,727 shares of RenaissanceRe common stock.
• Additionally, 13 shares are held indirectly through a spousal IRA account.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction (grant of restricted stock), which is generally viewed neutrally to positively as it aligns management interests with shareholders. There are no indications of negative sentiment.

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.

Industry Context

Grants of restricted stock are a common form of executive compensation in the insurance and reinsurance industries, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Chubb, Arch Capital Group, and Validus Re also utilize restricted stock grants as part of their executive compensation packages.
• The vesting schedules and grant sizes are typically benchmarked against peer companies to ensure competitiveness and alignment with performance goals.

Stakeholder Impact

• The grant of restricted stock has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates