Greenlight Capital Re (GLRE) awards 7,992 restricted shares to director
Rhea-AI Filing Summary
FERRARI JOHNNY reported acquisition or exercise transactions in this Form 4 filing.
GREENLIGHT CAPITAL RE, LTD. director Johnny Ferrari received a grant of 7,992 ordinary shares of restricted stock at $0.00 per share 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 grant, Ferrari directly holds 57,092 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,992 shares
Net Buy
1 txn
Insider
FERRARI JOHNNY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES F1 | 7,992 | $0.00 | $0.00 |
Holdings After Transaction:
ORDINARY SHARES — 57,092 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 shares
Shares owned after grant: 57,092 shares
Grant price per share: $0.00
3 metrics
Restricted shares granted
7,992 shares
Ordinary shares granted as restricted stock award to director Johnny Ferrari
Shares owned after grant
57,092 shares
Director’s direct holdings of ordinary shares following the award
Grant price per share
$0.00
Restricted stock awarded at no cash cost per share
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..."
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 Johnny Ferrari report?
Johnny Ferrari reported receiving a restricted stock award of 7,992 ordinary shares of Greenlight Capital Re. The shares were granted at $0.00 per share as part of his director compensation under the company’s 2023 Omnibus Incentive Plan.
Was Johnny Ferrari’s GLRE stock award made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is unchecked, indicating the reported award was not designated as made under a pre-arranged Rule 10b5-1 trading plan. This reflects plan status only and does not change the award’s vesting terms.