CEO of Greenlight Capital Re (NASDAQ: GLRE) gets 26,417 RSUs
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. reported that Chief Executive Officer Greg Richardson received an equity grant of 26,417 ordinary shares at no cost as part of his compensation. The award is structured as restricted stock units that vest evenly over three years on January 1, contingent on his continued service. After this grant, he directly holds 106,508 ordinary shares of the company. This is a compensation-related acquisition rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richardson Greg
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES | 26,417 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 106,508 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Equity grant: 26,417 shares
Price per share: $0.0000/share
Post-grant holdings: 106,508 shares
+1 more
4 metrics
Equity grant
26,417 shares
Compensation award of ordinary shares at $0.0000 per share
Price per share
$0.0000/share
Grant price for awarded ordinary shares
Post-grant holdings
106,508 shares
Direct ordinary share ownership after the award
Vesting period
3 years
RSUs vest evenly over three years on January 1
Key Terms
restricted stock units ("RSU"), vest, ordinary shares
3 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.