Form 4: GLRE Director Granted 8,046 Restricted Shares
Insider Transaction Report
Greenlight Capital Re, Ltd. Director Johnny Ferrari was granted 8,046 restricted ordinary shares as part of the company's 2023 Omnibus Incentive Plan.
Summary
- Johnny Ferrari, a Director of Greenlight Capital Re, Ltd. (GLRE), was granted 8,046 restricted ordinary shares.
- The grant was made on August 7, 2025, under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan.
- Following this transaction, Johnny Ferrari beneficially owns a total of 49,100 ordinary shares.
- The restricted stock award will vest on the earlier of the first anniversary of the grant date or the 2026 annual general meeting of shareholders.
Sentiment
Score: 7
Explanation: The grant of restricted shares to a director is a positive event as it aligns the director's financial interests with the long-term performance of the company and its shareholders. It reflects a standard compensation practice.
Positives
- The grant of restricted shares to a director aligns management's interests with those of shareholders, fostering long-term commitment.
- The transaction demonstrates the company's use of equity-based compensation to incentivize key personnel.
Future Outlook
The restricted stock award granted to Director Johnny Ferrari is set to vest on the earlier of the first anniversary of the grant date (August 7, 2025) or the 2026 annual general meeting of shareholders.
Industry Context
This filing represents a routine insider transaction, specifically an equity grant, which is a common practice in the financial services and insurance industry to align executive and director incentives with company performance and shareholder value.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Incentive Plan Utilization | The restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan, demonstrating the ongoing use of the company's approved equity compensation framework. | 08/07/2025 | Reinforces alignment between director compensation and shareholder value, promoting long-term strategic focus. |
Stakeholder Impact
- Shareholders: Benefit from increased alignment of director interests with long-term company performance and shareholder value.
Next Steps
- Vesting of the 8,046 restricted ordinary shares on the earlier of August 7, 2026, or the 2026 annual general meeting of shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/07/2025 | Date of restricted stock award grant to Johnny Ferrari. |
| 2026 | Year of the annual general meeting of shareholders, which is a potential vesting date for the restricted stock award. |
| 08/08/2025 | Date the Form 4 was signed by Sherry Diaz, as attorney in fact for Johnny Ferrari. |
Recommendation
holdThe filing reports a routine restricted stock grant to a director as part of an incentive plan, which aligns management interests with shareholders. While positive, it does not present new information warranting a change in investment thesis for a seasoned investor or institution. It's a standard corporate governance action.
Keywords
Greenlight Capital Re, GLRE, Form 4, Insider Transaction, Director Shares, Restricted Stock, Equity Compensation, Johnny Ferrari
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