Controller at Greenlight Capital Re (GLRE) receives 3,808-share RSU award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Greenlight Capital Re reported that Controller Sherry Diaz received an equity compensation award. Diaz acquired 3,808 ordinary shares at $0.00 per share as a grant, bringing her direct holdings to 100,379 ordinary shares.
The award relates to restricted stock units (RSUs) that will vest evenly over three years on January 1st, provided she continues serving at the company. When each portion vests, the RSUs will be converted into ordinary shares, turning the award into fully owned stock over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Diaz Sherry
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES | 3,808 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 100,379 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 3,808 shares
Grant price: $0.00 per share
Total holdings after: 100,379 shares
+2 more
5 metrics
Shares granted
3,808 shares
Equity grant to Controller Sherry Diaz
Grant price
$0.00 per share
Price for 3,808 granted ordinary shares
Total holdings after
100,379 shares
Diaz’s direct ordinary share holdings post-grant
Vesting period
3 years
RSUs vest evenly over three years
Vesting date
January 1st
Annual vesting date for RSU tranches
Key Terms
restricted stock units ("RSU"), ordinary shares, vest, continuous service
4 terms
restricted stock units ("RSU") financial
"The restricted stock units ("RSU") will vest evenly over three years"
vest financial
"will vest evenly over three years on January 1st"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject to the Reporting Person's continuous service with the Company"
FAQ
What insider transaction did GLRE report for Sherry Diaz?
Greenlight Capital Re reported that Controller Sherry Diaz received a grant of 3,808 ordinary shares at $0.00 per share. The award stems from restricted stock units that convert into ordinary shares as they vest over time.
How do the GLRE restricted stock units for Sherry Diaz vest?
The restricted stock units granted to Sherry Diaz vest evenly over three years on January 1st each year. Vesting is conditioned on her continuous service with the company, and each vested portion converts into ordinary shares upon vesting.
What type of security was granted to Sherry Diaz by GLRE?
The filing shows a grant of ordinary shares tied to restricted stock units. These RSUs will convert into Greenlight Capital Re ordinary shares as they vest over three years, subject to Diaz’s continued employment with the company.