4/A: Greenlight Capital Re: Ownership Change Filing

Richard Paul Strommer, Chief Actuary at Greenlight Capital Re, Ltd., filed a Form 4/A to amend a previous filing, correcting administrative errors regarding transaction dates.

Summary

• This filing is an amendment (Form 4/A) to a previous statement of changes in beneficial ownership for Richard Paul Strommer, Chief Actuary at Greenlight Capital Re, Ltd. (GLRE).
• The amendment corrects an administrative error in a prior filing dated March 16, 2026, specifically regarding the year for the 'Date of Earliest Transaction' and 'Transaction Date'. The year should have been 2026, not 2025.
• Richard Paul Strommer acquired 4,623 ordinary shares on March 13, 2026, with a transaction code 'A' (acquisition) and a price of $0.
• Following this transaction, Mr. Strommer beneficially owns 72,648 ordinary shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily serving to correct administrative errors rather than indicating new strategic or financial developments.

Positives

• Correction of administrative errors in prior filings, ensuring accuracy of ownership records.
• Acquisition of 4,623 ordinary shares by a key officer (Chief Actuary).

Negatives

• The filing indicates an administrative error in a previous filing, suggesting a lapse in meticulous record-keeping or reporting processes.

Risks

• Potential for continued administrative errors in reporting, which could lead to confusion or regulatory scrutiny.
• The acquisition of shares at $0 price might indicate they are part of a compensation or award package, the details of which are not fully elaborated in this specific filing.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it pertains to a correction of past transaction dates and an update on beneficial ownership.

Management Comments

• "In a prior filing made on March 16, 2026, due to an inadvertent administrative error, the year should have been 2026 rather than 2025 in the 'Date of Earliest Transaction' and 'Transaction Date'. This Form 4/A is being filed to correct this."

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine for correcting errors in insider transaction reporting, a common occurrence in the financial services industry where meticulous record-keeping is paramount. The correction here pertains to dates, not the substance of the transaction itself.

Stakeholder Impact

• Shareholders: The correction of dates ensures the accuracy of public records regarding insider transactions, maintaining transparency.
• Regulatory Bodies (SEC): The amendment fulfills the requirement for accurate reporting under Section 16(a) of the Securities Exchange Act of 1934.

Next Steps

• Ensure all future filings are accurate and free from administrative errors.
• Continue to monitor insider transactions for Greenlight Capital Re, Ltd.

Key Dates

Keywords

Greenlight Capital Re, GLRE, Form 4/A, Statement of Changes in Beneficial Ownership, Richard Paul Strommer, Chief Actuary, Insider Trading, Share Acquisition, SEC Filing, Ownership Update