4/A: Greenlight Capital Re, Ltd.: Executive Brian O'Reilly Corrects Beneficial Ownership Report

Brian O'Reilly, Head of Innovations at Greenlight Capital Re, Ltd., files an amended Form 4/A to correct the reported amount of restricted stock units (RSUs) due to a prior administrative error.

Summary

• Brian O'Reilly, Head of Innovations at Greenlight Capital Re, Ltd., filed an amended Form 4/A with the SEC.
• The amendment corrects a previous filing regarding the amount of restricted stock units (RSUs) beneficially owned.
• The error in the original filing was due to the inclusion of performance-based RSUs not tied to the market price of the Issuer's securities.
• The corrected filing reports that O'Reilly beneficially owns 115,017 ordinary shares following the reported transaction.
• The RSUs were granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan and vest in three equal installments based on continuous service.
• Each RSU represents the right to receive one ordinary share.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. The correction itself suggests attention to detail and compliance, which is mildly positive.

Negatives

• An inadvertent administrative error led to an incorrect filing regarding the amount of RSUs owned by Brian O'Reilly.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates