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Greenlight Capital Re (GLRE) awards 7,992 restricted shares to director

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Form Type
4

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

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Negative

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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)
  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.
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
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."
annual general meeting of shareholders financial
"will vest on the earlier of the first anniversary of the grant date and the next annual general meeting of shareholders"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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.

How many GLRE shares were granted to Johnny Ferrari in this Form 4?

The filing shows a grant of 7,992 ordinary shares of Greenlight Capital Re to director Johnny Ferrari. These shares are in the form of restricted stock and are subject to time-based vesting rather than being immediately transferable.

What are the vesting terms for Johnny Ferrari’s 7,992 GLRE restricted shares?

The 7,992 restricted shares will vest on the earlier of the first anniversary of the grant date and the next annual general meeting of shareholders. Until vesting, the award remains subject to the restrictions outlined in the incentive plan.

How many GLRE shares does Johnny Ferrari own after this restricted stock grant?

After the grant, Johnny Ferrari directly holds 57,092 ordinary shares of Greenlight Capital Re. This total includes the newly awarded 7,992 restricted shares, which are subject to vesting conditions before they become fully transferable.

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.
SEC Form 4
FORM 4UNITED 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*
FERRARI JOHNNY

(Last)(First)(Middle)
C/O GREENLIGHT CAPITAL RE, LTD.
65 MARKET ST, SUITE 1207

(Street)
GEORGE TOWNKY11205

(City)(State)(Zip)

CAYMAN ISLANDS

(Country)
2. Issuer Name and Ticker or Trading Symbol
GREENLIGHT CAPITAL RE, LTD. [ GLRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
ORDINARY SHARES08/07/2026A7,992A$0(1)57,092D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
/s/ Sherry Diaz, as attorney in fact08/07/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)