Form 4: Greenlight Capital Re, Ltd.: General Counsel David Sigmon Reports Acquisition and Disposal of Ordinary Shares

General Counsel David Sigmon reports changes in beneficial ownership of Greenlight Capital Re, Ltd. ordinary shares, including acquisition of restricted stock units (RSUs) and disposal of shares.

Summary

• On March 15, 2024, David Sigmon, General Counsel of Greenlight Capital Re, Ltd., reported transactions involving the company's ordinary shares.
• Sigmon acquired 4,344 ordinary shares through restricted stock units (RSUs) granted under the company's 2023 Omnibus Incentive Plan.
• The RSUs vest in three equal installments based on continuous service.
• Each RSU represents the right to receive one ordinary share.
• Sigmon also disposed of 4,344 ordinary shares.
• Following these transactions, Sigmon beneficially owns 29,906 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transactions reported do not inherently indicate positive or negative sentiment. It's a neutral disclosure of insider activity.

Positives

• The granting of RSUs to the General Counsel aligns his interests with those of the shareholders.
• The vesting schedule based on continuous service incentivizes long-term commitment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the General Counsel's holdings of Greenlight Capital Re, Ltd. shares.

Stakeholder Impact

• Shareholders are informed about changes in the General Counsel's ownership of company shares.
• The RSU grant may have a minor dilutive effect on existing shareholders.

Key Dates