Form 4: Greenlight Re Director Receives Stock Award

Greenlight Capital Re, Ltd. Director Ursuline F. Foley was granted 8,046 restricted ordinary shares as part of the company's 2023 Omnibus Incentive Plan.

Summary

• Director Ursuline F. Foley of Greenlight Capital Re, Ltd. acquired 8,046 ordinary shares on August 7, 2025.
• The acquisition was a restricted stock award granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan.
• Following this transaction, Ms. Foley beneficially owns 49,100 ordinary shares.
• The restricted stock award will vest on the earlier of August 7, 2026 (the first anniversary of the grant date) and the 2026 annual general meeting of shareholders.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive signal, indicating continued alignment of management interests with shareholder value and is a standard practice in corporate governance.

Positives

• The grant of restricted stock aligns the director's interests with those of shareholders, promoting long-term value creation.
• Indicates continued commitment and engagement of a key director with the company's future performance.

Future Outlook

The vesting schedule for the restricted stock award indicates a future alignment of the director's financial interests with the company's long-term performance and shareholder value creation.

Industry Context

Restricted stock awards are a common and standard form of executive and director compensation across various industries, including financial services and insurance, designed to align the interests of key personnel with the long-term performance and strategic goals of the company.

Comparison to Industry Standards

• The use of restricted stock awards for director compensation is a widely accepted practice in corporate governance, consistent with compensation structures observed in comparable companies within the financial and insurance sectors.
• The vesting schedule, tied to a specific future date or an annual general meeting, is typical for such equity grants, aiming to retain talent and incentivize long-term commitment.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of restricted stock to a director, Ursuline F. Foley, which constitutes a related party transaction as it is between the company and a member of its board.

Stakeholder Impact

• Shareholders: The equity grant to a director is intended to align their interests with long-term shareholder value creation, potentially leading to more focused governance and strategic decisions.

Next Steps

• Vesting of the restricted stock award on the earlier of August 7, 2026, or the 2026 annual general meeting of shareholders.

Key Dates

Keywords

Greenlight Capital Re, GLRE, SEC Form 4, Insider Trading, Restricted Stock Award, Director Compensation, Equity Grant, Corporate Governance