Form 4: RenaissanceRe Holdings SVP, Chief Accounting Officer, James Christopher Fraser, Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
James Christopher Fraser, SVP, Chief Accounting Officer of RenaissanceRe Holdings Ltd, reports the acquisition of 1,511 shares of common stock and disposal of 25,014 shares on March 1, 2024.
Summary
- On March 1, 2024, James Christopher Fraser, the SVP, Chief Accounting Officer of RenaissanceRe Holdings Ltd, acquired 1,511 shares of common stock.
- These shares were acquired at a price of $0.
- On the same day, Mr. Fraser disposed of 25,014 shares of common stock.
- Following these transactions, Mr. Fraser directly owns 25,014 shares of RenaissanceRe Holdings Ltd.
- The acquisition of 1,511 shares was a grant of restricted shares under the company's 2016 Long Term Incentive Plan.
- These restricted shares will vest in four equal annual installments starting March 1, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The grant of restricted shares to a key executive aligns their interests with the long-term performance of the company.
Future Outlook
The restricted shares will vest in four equal annual installments beginning on March 1, 2025.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This filing indicates changes in the holdings of a key executive at RenaissanceRe Holdings Ltd.
Stakeholder Impact
- Shareholders are informed about the transactions of a key executive, providing transparency into insider activity.
- Employees may be interested in the details of the Long Term Incentive Plan.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: acquisition of 1,511 shares and disposal of 25,014 shares. |
| 03/01/2025 | First vesting date for the restricted shares, with vesting occurring in four equal annual installments. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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