Greenlight Capital Re (GLRE) grants COO 9,273 RSUs vesting over three years

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. reported that Chief Operating Officer Patrick O'Brien received a grant of 9,273 ordinary shares as a stock-based award at no cash cost. These are structured as restricted stock units that will vest evenly over three years on January 1st, as long as he remains with the company.

Once each portion vests, the RSUs will convert into ordinary shares. After this grant, O'Brien directly holds a total of 211,659 ordinary shares, highlighting equity-based compensation that further ties his interests to the company’s long-term performance.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

O'BRIEN PATRICK

(Last) (First) (Middle)

C/O GREENLIGHT CAPITAL RE, LTD

65 MARKET ST, SUITE 1207, CAMANA BAY

(Street)

GEORGE TOWN E9 KY11205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GREENLIGHT CAPITAL RE, LTD. [ GLRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)	X	Other (specify below)
	Chief Operating Officer		SEE REMARKS

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
ORDINARY SHARES	03/13/2026		A		9,273	A	$0(1)	211,659	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The restricted stock units ("RSU") will vest evenly over three years on January 1st, subject to the Reporting Person's continuous service with the Company. Upon vesting, the RSUs will be converted to ordinary shares.

Remarks:

The Reporting Person is the CEO of Greenlight Reinsurance Ireland, DAC, a wholly owned subsidiary of the Issuer.

	/s/ Sherry Diaz, as attorney in fact	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did GLRE report for Patrick O'Brien?

GREENLIGHT CAPITAL RE, LTD. reported that Chief Operating Officer Patrick O'Brien received a grant of 9,273 ordinary shares as a stock-based award. The shares were granted at no cash cost and are structured as restricted stock units that vest over time, aligning compensation with company performance.

How do the GLRE RSUs granted to Patrick O'Brien vest?

The restricted stock units granted to Patrick O'Brien vest evenly over three years on January 1st. Each annual tranche depends on his continued service with the company. As each portion vests, the RSUs automatically convert into ordinary shares of GREENLIGHT CAPITAL RE, LTD.

What is Patrick O'Brien’s GLRE shareholding after this Form 4 transaction?

Following this stock-based award, Patrick O'Brien directly holds 211,659 ordinary shares of GREENLIGHT CAPITAL RE, LTD. This total includes the newly granted 9,273-share award, which is delivered as restricted stock units that will convert into ordinary shares upon vesting over the three-year period.

Did Patrick O'Brien pay cash for the 9,273 GLRE shares reported?

No, Patrick O'Brien did not pay cash for these 9,273 shares. The transaction price per share is reported as 0.0000, indicating a grant or award of equity compensation. The award is in the form of restricted stock units that will vest and convert into ordinary shares.

What type of Form 4 transaction is the GLRE award to Patrick O'Brien?

The transaction is coded "A," indicating a grant, award, or other acquisition of non-derivative securities. It reflects equity compensation rather than an open-market purchase. The award consists of restricted stock units that will vest over three years and become ordinary shares upon vesting.