4/A: Greenlight Capital Re CFO Receives Stock Grant

Chief Financial Officer Faramarz Romer was granted 7,705 restricted stock units as part of a long-term incentive plan, bringing his total ownership to 160,186 shares.

Summary

• Faramarz Romer, the Chief Financial Officer of Greenlight Capital Re, Ltd., acquired 7,705 ordinary shares in the form of restricted stock units (RSUs) on March 13, 2026.
• This filing is an amendment (Form 4/A) to a previous report from March 16, 2026, intended to correct a clerical error where the transaction year was mistakenly listed as 2025 instead of 2026.
• The RSUs are scheduled to vest in three equal annual installments starting January 1st of each year, contingent upon continued service.
• Following this transaction, the CFO's total direct ownership in the company stands at 160,186 ordinary shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive due to the continued insider ownership and alignment, though the filing itself is primarily a routine administrative correction.

Positives

• Insider alignment with shareholders is strengthened through equity-based compensation.
• The CFO maintains a significant personal stake in the company with over 160,000 shares owned directly.
• The three-year vesting period encourages long-term executive retention.

Negatives

• The filing identifies an administrative error in previous regulatory reporting, though it was promptly corrected.

Risks

• Vesting of the equity is subject to the reporting person's continuous service, posing a retention risk if management turnover occurs.
• Future conversion of RSUs into ordinary shares will result in a minor dilution of existing share value.

Future Outlook

The granted restricted stock units will vest evenly over the next three years on January 1st, ensuring the CFO's financial interests remain tied to the company's performance through at least 2029.

Management Comments

• In a prior filing made on March 16, 2026, due to an inadvertent administrative error, the year should have been 2026 rather than 2025 in the Date of Earliest Transaction and Transaction Date.

Industry Context

StockSavvy.ai notes that equity-based compensation for C-suite executives is a standard practice in the reinsurance industry to align management incentives with long-term shareholder value and is typically viewed neutrally by the market.

Comparison to Industry Standards

• The grant of 7,705 RSUs is consistent with executive compensation packages at peer reinsurance firms such as Arch Capital Group and RenaissanceRe.
• A three-year ratable vesting schedule is the standard benchmark for long-term incentive plans (LTIPs) in the financial services sector.

Related Party Transactions

• The issuance of 7,705 RSUs to the CFO constitutes a standard compensatory transaction between the issuer and an officer.

Stakeholder Impact

• Shareholders may find confidence in the CFO's increased equity stake, signaling management's commitment to the company's long-term success.

Next Steps

• The first tranche of the RSUs is expected to vest on January 1, 2027.

Key Dates

Recommendation

This filing details a routine executive compensation event and a minor clerical correction. It does not provide new material information regarding the company's operational performance or strategic direction that would warrant a change in investment thesis.

Keywords

Greenlight Capital Re, GLRE, Faramarz Romer, Chief Financial Officer, Insider Trading, Restricted Stock Units, Executive Compensation, Reinsurance