Form 4: Greenlight Capital Re, Ltd. Officer Sells Shares to Cover Tax Obligations

Patrick O'Brien, Chief Operating Officer of Greenlight Capital Re, Ltd., sold ordinary shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Patrick O'Brien, the Chief Operating Officer of Greenlight Capital Re, Ltd., sold a portion of his ordinary shares.
• The sales occurred over three days: May 12, 2025, May 13, 2025, and May 14, 2025.
• A total of 20,000 shares were sold to cover tax obligations related to the vesting of restricted stock units.
• The prices per share were $13.48 on May 12, $13.26 on May 13, and $13.22 on May 14.
• Following these transactions, O'Brien directly owns 170,425 ordinary shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine share sales for tax purposes, which is a common practice and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders. These filings are closely monitored by investors for signals about a company's prospects, although sales to cover tax obligations are common and not necessarily indicative of a negative outlook.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is related to tax obligations.

Key Dates

Keywords

GLRE, Greenlight Capital Re, Patrick O'Brien, share sale, Form 4, insider trading, tax obligations, restricted stock units