Form 4: Greenlight Capital Re, Ltd.: Patrick O'Brien Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Patrick O'Brien reports changes in beneficial ownership of Greenlight Capital Re, Ltd. ordinary shares, including the acquisition of restricted stock units.
Summary
- Patrick O'Brien, connected to Greenlight Capital Re, Ltd., filed a Form 4 indicating changes in beneficial ownership.
- On March 15, 2024, O'Brien acquired 8,489 ordinary shares through restricted stock units (RSUs) at a price of $0.
- These 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.
- Following the reported transaction, O'Brien beneficially owns 151,759 ordinary shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard insider activity related to compensation and alignment of interests.
Positives
- The granting of RSUs to O'Brien aligns his interests with the company's performance and long-term growth.
Future Outlook
The vesting schedule of the RSUs suggests a continued relationship between O'Brien and Greenlight Capital Re, Ltd.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of 8,489 ordinary shares through RSUs. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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