Greenlight Capital Re (GLRE) awards 9,158-share RSU grant to officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. reported that Group Chief Underwriting Officer Thomas James Curnock received an equity award tied to 9,158 ordinary shares at a price of $0.00 per share, increasing his direct holdings to 172,496 ordinary shares.
According to the footnote, this award consists of restricted stock units that will vest evenly over three years on January 1, subject to his continuous service with the company. Once each portion vests, the RSUs will convert into ordinary shares, turning the compensation grant into actual share ownership over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CURNOCK THOMAS JAMES
Role
Grp Chief Underwriting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | ORDINARY SHARES | 9,158 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 172,496 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GREENLIGHT CAPITAL RE (GLRE) report for Thomas James Curnock?
GREENLIGHT CAPITAL RE reported that Group Chief Underwriting Officer Thomas James Curnock received an equity award linked to 9,158 ordinary shares at $0.00 per share. The grant is classified as a compensation-related acquisition rather than an open-market share purchase or sale.
What are the vesting terms of the GREENLIGHT CAPITAL RE (GLRE) RSUs granted to Curnock?
The restricted stock units granted to Curnock vest evenly over three years on January 1, subject to his continuous service with the company. As each annual tranche vests, the RSUs are converted into ordinary shares, gradually turning the award into actual share ownership.
Is the GREENLIGHT CAPITAL RE (GLRE) insider award a market transaction or compensation grant?
The award is a compensation-related grant, not a market trade. The Form 4 labels it as a grant, award, or other acquisition with a transaction price of $0.00 per share, indicating an employer-provided equity award rather than an open-market purchase of shares.
How does the RSU grant affect Thomas James Curnock’s ownership in GREENLIGHT CAPITAL RE (GLRE)?
The grant increases Curnock’s direct holdings to 172,496 ordinary shares as reported. The RSUs themselves vest over three years and convert into ordinary shares upon vesting, so his effective ownership exposure grows progressively as each installment of units becomes fully vested.