Form 4: Greenlight Capital Re Director Platt Acquires Shares Through Restricted Stock Award

Director Joseph P. Platt JR. of Greenlight Capital Re, Ltd. reports acquisition of shares through a restricted stock award.

Summary

• On August 9, 2024, Joseph P. Platt JR., a director of Greenlight Capital Re, Ltd., acquired 8,393 ordinary shares of the company.
• The acquisition was a result of a restricted stock award granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan.
• The shares were acquired at a price of $0.
• Following the transaction, Platt directly owns 161,573 ordinary shares and indirectly owns 55,000 ordinary shares through a partnership.
• The restricted stock award will vest on the earlier of the first anniversary of the grant date and the 2025 annual general meeting of shareholders.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider trading activity. The acquisition of shares by a director is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock award will vest on the earlier of the first anniversary of the grant date and the 2025 annual general meeting of shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the ownership of company stock by its directors.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates