Form 4: Greenlight Capital Re Director Ursuline F. Foley Acquires Shares Through Restricted Stock Award

Director Ursuline F. Foley acquired 8,393 ordinary shares of Greenlight Capital Re, Ltd. through a restricted stock award.

Summary

• Ursuline F. Foley, a director of Greenlight Capital Re, Ltd., acquired 8,393 ordinary shares on August 9, 2024.
• The acquisition was a result of a restricted stock award granted under the company's 2023 Omnibus Incentive Plan.
• The shares were acquired at a price of $0.
• Following the transaction, Foley's total beneficial ownership of ordinary shares increased to 41,054.
• The restricted stock award will vest on the earlier of August 9, 2025, or the date of the 2025 annual general meeting of shareholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence in the company, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.
• The restricted stock award aligns the director's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock award in 2025 suggests a continued involvement of the director with the company.

Industry Context

This type of filing is standard for corporate insiders and provides transparency regarding their ownership positions in the company. It is common for companies to use stock awards as part of their compensation packages to align the interests of management and shareholders.

Comparison to Industry Standards

• Stock awards are a common form of compensation for directors and executives in publicly traded companies.
• The vesting schedule of one year is fairly standard, aligning with typical industry practices for incentivizing long-term performance.
• Comparing the size of the award to similar companies in the reinsurance sector would provide further context on its significance.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's ownership stake.
• The stock award incentivizes the director to work towards the long-term success of the company, benefiting shareholders.

Key Dates