Form 4: Greenlight Capital Re, Ltd.: CFO Faramarz Romer Reports Changes in Beneficial Ownership
SEC Form 4
Chief Financial Officer Faramarz Romer reported the forfeiture of 16,558 performance-based restricted shares of Greenlight Capital Re, Ltd. on March 10, 2025.
Summary
- On March 10, 2025, Faramarz Romer, the Chief Financial Officer of Greenlight Capital Re, Ltd., reported a change in beneficial ownership.
- The transaction involved the forfeiture of 16,558 ordinary shares.
- These shares were performance-based restricted shares granted in 2022.
- Following the transaction, Romer directly owns 146,393 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the forfeiture of shares is a neutral event from a sentiment perspective, as it simply reflects the outcome of pre-existing performance conditions.
Negatives
- Faramarz Romer forfeited 16,558 performance-based restricted shares, indicating that performance targets were not met.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The forfeiture of shares may have a minor negative impact on shareholder sentiment, as it indicates that performance targets were not met.
Key Dates
| Date | Description |
|---|---|
| 2022 | Year the forfeited performance-based restricted shares were granted. |
| 03/10/2025 | Date of the transaction (forfeiture of shares). |
| 03/11/2025 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.