Greenlight Capital Re (GLRE) CFO granted 7,705 RSUs that vest over 3 years

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. reported that Chief Financial Officer Faramarz Romer received an equity award in the form of restricted stock units. The award covers 7,705 ordinary shares at no cash cost, increasing his direct holdings to 160,186 ordinary shares after the transaction.

The RSUs will vest evenly over three years on January 1, subject to his continuous service with the company. Upon each vesting date, the RSUs will convert into ordinary shares, aligning part of the CFO’s compensation with the company’s long-term share 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
Estimated average burden
hours per response:			0.5

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^*

Romer Faramarz

(Last) (First) (Middle)

65 MARKET STREET, SUITE 1207,

CAMANA BAY, P.O. BOX 31110

(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)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2025

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	03/13/2025		A		7,705	A	$0(1)	160,186	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:

	/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 did GREENLIGHT CAPITAL RE (GLRE) disclose about its CFO in this Form 4?

GREENLIGHT CAPITAL RE disclosed that its Chief Financial Officer, Faramarz Romer, received a grant of restricted stock units covering 7,705 ordinary shares, increasing his direct holdings to 160,186 ordinary shares following the award, as part of his equity-based compensation.

How many GREENLIGHT CAPITAL RE (GLRE) shares were granted to the CFO?

The CFO received an equity award tied to 7,705 ordinary shares. These shares were granted at a price of $0.00 per share as restricted stock units, which will convert into ordinary shares as they vest over time under the award’s terms.

What is the vesting schedule for the GLRE CFO’s restricted stock units?

The restricted stock units will vest evenly over three years on January 1. Each installment is subject to the CFO’s continuous service with the company, and upon vesting the RSUs will be converted into ordinary shares of GREENLIGHT CAPITAL RE.

How many GREENLIGHT CAPITAL RE (GLRE) shares does the CFO hold after this award?

After the award, the CFO directly holds 160,186 ordinary shares. This figure reflects his position following the grant of 7,705 restricted stock units, which were recorded at a grant price of $0.00 per share as part of his compensation.

Is the GLRE CFO’s Form 4 transaction an open-market purchase or a compensation grant?

The transaction is a compensation-related grant, not an open-market purchase. It is coded as a grant or award (transaction code A), reflecting restricted stock units that were awarded at no cash cost rather than shares bought in the market.

What happens to the GLRE restricted stock units when they vest for the CFO?

When the restricted stock units vest, they will be converted into ordinary shares of GREENLIGHT CAPITAL RE. Vesting occurs evenly over three years on January 1, provided the CFO continues his service with the company throughout the vesting period.