Greenlight Capital Re (NASDAQ: GLRE) awards 7,992 restricted shares to director
Rhea-AI Filing Summary
Platt Joseph P JR reported acquisition or exercise transactions in this Form 4 filing.
Greenlight Capital Re, Ltd. director Joseph P. Platt Jr. received a grant of 7,992 ordinary shares as a restricted stock award on 2026-08-07 under the 2023 Omnibus Incentive Plan. The award vests on the earlier of the first anniversary of the grant date and the next annual general meeting of shareholders. Following this award, he directly holds 177,611 ordinary shares.
Positive
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Insider Trade Summary
Net Buyer: 7,992 shares
Net Buy
1 txn
Insider
Platt Joseph P JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES F1 | 7,992 | $0.00 | $0.00 |
Holdings After Transaction:
ORDINARY SHARES — 177,611 shares (Direct)
Footnotes (1)
- F1. The restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. This award will vest on the earlier of the first anniversary of the grant date and the next annual general meeting of shareholders.
Key Figures
Restricted shares granted: 7,992 ordinary shares
Grant price per share: $0.0000 per share
Shares held after transaction: 177,611 ordinary shares
+1 more
4 metrics
Restricted shares granted
7,992 ordinary shares
Restricted stock award to director Joseph P. Platt Jr on 2026-08-07
Grant price per share
$0.0000 per share
Stated transaction price for the restricted stock award
Shares held after transaction
177,611 ordinary shares
Director’s direct holdings following the award
Grant date
2026-08-07
Date of the restricted stock award under the 2023 Omnibus Incentive Plan
Key Terms
restricted stock award, 2023 Omnibus Incentive Plan, annual general meeting of shareholders
3 terms
restricted stock award financial
"The restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
2023 Omnibus Incentive Plan financial
"granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GLRE director Joseph P. Platt Jr report?
Joseph P. Platt Jr reported receiving a restricted stock award of 7,992 ordinary shares of Greenlight Capital Re, Ltd. The grant was made on 2026-08-07 and was issued as a director equity award rather than through an open-market purchase.
Was the GLRE transaction by Joseph P. Platt Jr a market purchase or a grant?
The transaction was a grant of restricted stock, not an open-market purchase. Joseph P. Platt Jr received 7,992 ordinary shares at a stated price of $0.0000 per share, consistent with an equity award under the company’s incentive plan.
Under what plan was Joseph P. Platt Jr’s GLRE stock award granted?
The 7,992-share restricted stock award to Joseph P. Platt Jr was granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. This plan provides the framework for equity-based compensation such as restricted stock awards to company directors and other participants.