RenaissanceRe grants CEO O'Donnell $12M performance equity; additional $3M to four execs

RENAISSANCERE HOLDINGS LTD

CEO O'Donnell receives performance-based restricted stock with target value $12M; 60% tied to TBV growth over 2023-2026.
TBV portion: vesting 0%-200% of target; thresholds: 4.5% (17.5% vest), 8% (50%), 14% (100%).
Remaining 40% of CEO award subject to management objectives, vesting Nov 2027 (50%) and Nov 2028 (50%).
Four other executives (Qutub, Curtis, Bender, Marra) each get $750K awards tied to Validus Re integration, 3-year performance period.

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