Greenlight Capital Re (GLRE) awards 6,395 RSUs vesting over three years
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. reported that Head of Innovations Brian Joseph O'Reilly acquired 6,395 ordinary shares through a compensation grant of restricted stock units (RSUs). The RSUs were awarded at $0.0000 per share, indicating a non-cash equity award rather than a market purchase.
The RSUs will vest evenly over three years on January 1, provided he continues serving the company, and will convert into ordinary shares upon vesting. After this grant, he directly holds 103,530 ordinary shares, reflecting a routine equity-based incentive for an executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OReilly Brian Joseph
Role
Head of Innovations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES | 6,395 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 103,530 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 6,395 shares
Award price per share: $0.0000 per share
Total shares after grant: 103,530 shares
+1 more
4 metrics
RSU grant size
6,395 shares
Restricted stock units awarded to Head of Innovations
Award price per share
$0.0000 per share
Equity grant, non-cash compensation
Total shares after grant
103,530 shares
Ordinary shares directly held following transaction
Vesting period
3 years
RSUs vest evenly each January 1 over three years
Key Terms
restricted stock units ("RSU"), continuous service, ordinary shares
3 terms
restricted stock units ("RSU") financial
"The restricted stock units ("RSU") will vest evenly over three years"
continuous service financial
"subject to the Reporting Person's continuous service with the Company"
FAQ
What insider transaction did GREENLIGHT CAPITAL RE (GLRE) report for Brian O'Reilly?
GREENLIGHT CAPITAL RE reported that Head of Innovations Brian Joseph O'Reilly received 6,395 restricted stock units as an equity award. These RSUs represent a grant of compensation, not an open-market share purchase or sale, and are tied to continued employment with the company.
How many restricted stock units did GLRE grant and what is the vesting schedule?
GLRE granted 6,395 restricted stock units to Brian O'Reilly. The RSUs vest evenly over three years on January 1, subject to his continuous service with the company, and each vested unit will be converted into one ordinary share upon vesting.
Is the GLRE Form 4/A transaction a market buy or a compensation award?
The GLRE Form 4/A transaction is a compensation award, not a market buy. The 6,395 shares were acquired under transaction code A at a price of $0.0000 per share, indicating a grant or award rather than an open-market purchase of ordinary shares.