Form 4: Greenlight Capital Re, Ltd.: Chief Actuary Reports Acquisition and Disposal of Ordinary Shares

Richard Paul Strommer, Chief Actuary of Greenlight Capital Re, Ltd., reports acquiring and disposing of ordinary shares and holding restricted stock units (RSUs) under the company's 2023 Omnibus Incentive Plan.

Summary

• Richard Paul Strommer, the Chief Actuary of Greenlight Capital Re, Ltd. (GLRE), filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of the company's securities.
• On March 15, 2024, Strommer acquired 3,881 ordinary shares at $0 and disposed of 70,562 ordinary shares.
• Following these transactions, he beneficially owns 70,562 ordinary shares.
• He also holds restricted stock units (RSUs) granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan, which vest in three equal installments based on continuous service.
• Each RSU represents the right to receive one ordinary share.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions and RSU grants, with no inherently positive or negative implications.

Future Outlook

The report indicates future vesting of RSUs based on the Reporting Person's continuous service.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company securities, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the Chief Actuary's holdings in the company.

Key Dates