Greenlight Capital Re (GLRE) grants 6,258 RSUs to accounting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. granted Chief Accounting Officer Steven Archambault 6,258 ordinary shares in the form of restricted stock units. These RSUs were awarded at no cash cost to him and are part of his equity-based compensation.
The RSUs will vest evenly over three years on January 1st, as long as he continues serving the company. When each portion vests, it will convert into ordinary shares. After this grant, Archambault directly holds 16,158 ordinary shares, giving him more equity exposure to the company’s performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Archambault Steven
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES | 6,258 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 16,158 shares (Direct)
Footnotes (1)
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FAQ
What did GREENLIGHT CAPITAL RE (GLRE) disclose in this Form 4 filing?
The filing shows Chief Accounting Officer Steven Archambault received 6,258 restricted stock units as an equity award. These RSUs will convert into ordinary shares as they vest over three years, increasing his direct ownership stake to 16,158 ordinary shares.
What are the vesting terms of Steven Archambault’s GLRE restricted stock units?
The 6,258 restricted stock units will vest evenly over three years on January 1st of each year. Vesting is conditioned on his continuous service with the company, and each vested portion will automatically convert into ordinary shares at that time.
Did GREENLIGHT CAPITAL RE (GLRE) report an open-market stock purchase or sale?
No, this filing reports a grant of 6,258 restricted stock units to an executive rather than an open-market transaction. The units represent compensation that will convert into ordinary shares as they vest, instead of a buy or sell order in the market.