Form 4: Greenlight Capital Re, Ltd. Executive Forfeits Performance-Based Restricted Stock
SEC Form 4 Filing
Thomas James Curnock, Group CUO of Greenlight Capital Re, Ltd., forfeited 32,946 ordinary shares on March 10, 2025, due to unfulfilled performance conditions.
Summary
- On March 10, 2025, Thomas James Curnock, Group CUO of Greenlight Capital Re, Ltd. (GLRE), forfeited 32,946 ordinary shares.
- The forfeiture was due to performance-based restricted stocks granted in 2022 not meeting the required conditions.
- Following the transaction, Curnock directly owns 182,555 ordinary shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a standard transaction (forfeiture of shares) due to unmet performance criteria. It doesn't inherently indicate positive or negative performance for the company as a whole.
Negatives
- Thomas James Curnock forfeited 32,946 ordinary shares due to unmet performance conditions, which could reflect negatively on the company's performance or the executive's targets.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding the transactions of company insiders. This filing indicates a change in beneficial ownership for an executive at Greenlight Capital Re, Ltd.
Stakeholder Impact
- The forfeiture of shares may have a minor impact on shareholders, as it reflects the executive's compensation and the company's performance relative to its targets.
Key Dates
| Date | Description |
|---|---|
| 2022 | Year the performance-based restricted stocks were granted. |
| 03/10/2025 | Date of the transaction (forfeiture of shares). |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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