Form 4: Greenlight Capital Re, Ltd.: Chief Actuary Acquires Shares Through Restricted Stock Units

Richard Paul Strommer, Chief Actuary of Greenlight Capital Re, Ltd., acquired 4,388 ordinary shares through restricted stock units on March 14, 2025.

Summary

• Richard Paul Strommer, the Chief Actuary of Greenlight Capital Re, Ltd., filed a Form 4 indicating changes in beneficial ownership.
• On March 14, 2025, Strommer acquired 4,388 ordinary shares through the vesting of restricted stock units (RSUs) at a price of $0.
• Following the transaction, Strommer directly owns 70,811 ordinary shares.
• The RSUs vest in three equal annual installments based on continuous service and will be converted to ordinary shares upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock options vesting, which is a standard part of executive compensation. There's no indication of significant positive or negative news.

Positives

• The acquisition of shares by a company officer can be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting schedule of the RSUs incentivizes the officer to remain with the company for the long term.

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 a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the executive's interests with the company's performance.

Key Dates