secwatch.observer — SEC 8-K summary
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Issuer:     RENAISSANCERE HOLDINGS LTD (RNR)
CIK:        0000913144
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000913144-23-000123
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913144/000091314423000123/0000913144-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913144/000091314423000123/rnr-20231107.htm
  HTML page:      https://secwatch.observer/filing/0000913144-23-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer