Greenlight Capital Re (GLRE) executive forfeits performance-based stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GREENLIGHT CAPITAL RE, LTD. executive Brian Joseph O’Reilly, Head of Innovations, recorded a disposition of 2,195 ordinary shares on March 9, 2026. A footnote clarifies these shares were forfeited performance-based restricted stock granted in 2023, rather than a discretionary market sale. Following the forfeiture, O’Reilly directly holds 97,135 ordinary shares, indicating this was a relatively small adjustment to his overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Net Sell
1 txn
Insider
OReilly Brian Joseph
Role
Head of Innovations
Sold
2,195 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | ORDINARY SHARES | 2,195 | $0.00 | -- |
Holdings After Transaction:
ORDINARY SHARES — 97,135 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GLRE executive Brian O’Reilly report?
Brian O’Reilly reported a disposition of 2,195 ordinary shares. A footnote explains these were forfeited performance-based restricted stock granted in 2023, not a typical open-market sale, slightly reducing his equity stake in Greenlight Capital Re.
Was the GLRE insider transaction an open-market sale or a forfeiture?
Although coded as a sale, the filing’s footnote states the 2,195 shares were forfeited performance-based restricted stock granted in 2023. This indicates a performance or vesting condition issue, not a discretionary open-market trade for cash by Brian O’Reilly.
What does forfeited performance-based restricted stock mean for GLRE investors?
Forfeited performance-based restricted stock usually reflects unmet performance or service conditions tied to an equity award. In this case, 2,195 granted shares did not vest for Brian O’Reilly, modestly reducing potential dilution and slightly lowering his personal equity compensation outcome.
Does this GLRE Form 4 indicate any remaining derivative or option positions?
The filing’s derivative summary is empty, indicating no derivative securities such as options or warrants are reported in this Form 4 for Brian O’Reilly. The reported position consists solely of ordinary shares, totaling 97,135 after the forfeiture transaction.