Form 4: Greenlight Capital Re, Ltd.: CFO Faramarz Romer Reports Acquisition of Ordinary Shares

Faramarz Romer, CFO of Greenlight Capital Re, Ltd., reports the acquisition of 8,676 ordinary shares as part of a restricted stock unit (RSU) award.

Summary

• On March 15, 2024, Faramarz Romer, the Chief Financial Officer of Greenlight Capital Re, Ltd., acquired 8,676 ordinary shares.
• This acquisition was part of a restricted stock unit (RSU) award granted under the company's 2023 Omnibus Incentive Plan.
• The RSUs vest in three equal installments based on Romer's continuous service.
• Each RSU represents the right to receive one ordinary share.
• Following the transaction, Romer beneficially owns 162,951 ordinary shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The RSU award aligns the CFO's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the CFO.

Future Outlook

The RSUs will vest in three equal installments based on the Reporting Person's continuous service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The RSU award aligns the CFO's interests with those of the shareholders, potentially leading to better company performance.

Key Dates