Form 4: RenaissanceRe Holdings Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David E. Marra, EVP and Chief Underwriting Officer of RenaissanceRe Holdings, disposed of 652 shares to cover withholding taxes upon the vesting of restricted shares.
Summary
- On November 1, 2024, David E. Marra, EVP and Chief Underwriting Officer of RenaissanceRe Holdings Ltd, disposed of 652 shares of common stock.
- The transaction was executed to cover withholding taxes related to the vesting of restricted shares granted on November 8, 2022.
- The shares were disposed of at a price of $264.07 per share.
- Following the transaction, Marra directly owns 81,392 shares of RenaissanceRe Holdings Ltd.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/08/2022 | Date of restricted shares grant to the reporting person |
| 11/01/2024 | Date of transaction (disposal of shares) |
| 11/04/2024 | Date of signature for the Form 4 filing |
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