Form 4: Greenlight Capital Re, Ltd.: Officer Acquires Shares Through RSU Vesting

Patrick O'Brien, Chief Operating Officer of Greenlight Capital Re, Ltd., acquired 9,389 ordinary shares through the vesting of restricted stock units on March 14, 2025.

Summary

• On March 14, 2025, Patrick O'Brien, the Chief Operating Officer of Greenlight Capital Re, Ltd., acquired 9,389 ordinary shares of the company.
• This acquisition was a result of the vesting of restricted stock units (RSUs).
• The RSUs vest in three equal annual installments based on O'Brien's continuous service.
• Upon vesting, the RSUs are converted to ordinary shares.
• Following the transaction, O'Brien directly owns 190,425 ordinary shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and expected process. The sentiment is neutral to slightly positive as it reflects standard corporate governance.

Positives

• The vesting of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the COO.

Future Outlook

The restricted stock units will continue to vest in three equal annual installments based on the Reporting Person's continuous service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that the COO is receiving equity compensation as part of their overall package, which is a common practice in the industry.

Comparison to Industry Standards

• Equity compensation through RSUs is a standard practice among publicly traded companies to align management's interests with shareholders.
• Vesting schedules, such as the three-year annual installment plan described in the document, are common in the industry to incentivize long-term commitment.
• Comparable companies in the reinsurance sector, such as RenaissanceRe and Everest Re, also utilize equity-based compensation for their executives.

Stakeholder Impact

• The vesting of RSUs can have a minor positive impact on shareholder value by aligning management's interests with those of the shareholders.

Key Dates