Greenlight Capital Re (GLRE) grants 4,623 RSUs to Chief Actuary Strommer
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. Chief Actuary Richard Paul Strommer reported an equity compensation award. He acquired 4,623 ordinary-share–linked restricted stock units at no cash cost, bringing his directly held stake to 72,648 ordinary shares.
The RSUs will vest in equal installments over three years on January 1, subject to his continued service, and convert into ordinary shares upon vesting. This reflects routine stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Strommer Richard Paul
Role
Chief Actuary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES | 4,623 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 72,648 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 4,623 units
Grant price: $0.00 per unit
Shares held after: 72,648 shares
+2 more
5 metrics
RSUs granted
4,623 units
Equity award to Chief Actuary on March 13, 2026
Grant price
$0.00 per unit
Compensation grant, not open-market purchase
Shares held after
72,648 shares
Direct ordinary share holdings post-transaction
Vesting period
3 years
RSUs vest evenly over three years on January 1
Security title
Ordinary shares
Underlying security for restricted stock units
Key Terms
restricted stock units ("RSU"), vest, ordinary shares, grant, award, or other acquisition
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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did GLRE Chief Actuary Richard Strommer report in this Form 4/A?
He reported an equity award of 4,623 restricted stock units tied to ordinary shares at no cash cost. These units were granted as compensation and will convert into ordinary shares as they vest over time, increasing his equity-based interest.
What are the vesting terms of Richard Strommer’s RSU grant at GLRE?
The 4,623 restricted stock units will vest evenly over three years on January 1 of each year, assuming he continues serving the company. On each vesting date, the corresponding portion of RSUs will be converted into ordinary shares of Greenlight Capital Re.
Is this insider Form 4/A for GLRE a routine compensation event?
Yes, the transaction is coded as a grant or award acquisition of 4,623 restricted stock units that vest over three years. Such RSU grants are a common form of executive and officer compensation, rather than a discretionary market trade in the company’s stock.