Form 4: Greenlight Capital Re, Ltd.: Chief Accounting Officer Reports Acquisition and Disposal of Ordinary Shares
SEC Form 4 Filing
Steven Archambault, Chief Accounting Officer of Greenlight Capital Re, Ltd., reports the acquisition of 4,811 ordinary shares and disposal of 9,900 ordinary shares on March 14, 2025.
Summary
- On March 14, 2025, Steven Archambault, the Chief Accounting Officer of Greenlight Capital Re, Ltd., acquired 4,811 ordinary shares.
- These shares were acquired through restricted stock units (RSUs) that vest in three equal annual installments based on continuous service.
- Upon vesting, the RSUs will be converted to ordinary shares.
- Archambault also disposed of 9,900 ordinary shares on the same date.
- Following these transactions, Archambault beneficially owns 9,900 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company officer. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The restricted stock units will vest in three equal annual installments based on the Reporting Person's continuous service. Upon vesting, the RSUs will be converted to ordinary shares.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Acquisition of 4,811 ordinary shares and disposal of 9,900 ordinary shares. |
| 03/17/2025 | Date of signature for the report. |
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