Greenlight Capital Re (GLRE) chief actuary awarded 4,623 restricted shares

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. reported that Chief Actuary Richard Paul Strommer received an equity award in the form of 4,623 ordinary shares on a grant/award basis, at a stated price of $0.0000 per share. This reflects compensation rather than an open-market purchase. After this award, he directly holds 72,648 ordinary shares. The award represents restricted stock units that will vest evenly over three years on January 1, subject to his continued service, and will convert into ordinary shares upon vesting.

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

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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^*

Strommer Richard Paul

(Last) (First) (Middle)

65 MARKET STREET, SUITE 1207,

CAMANA BAY, P.O. BOX 31110

(Street)

GRAND CAYMAN E9 KY1-1205

(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 Actuary

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		4,623	A	$0(1)	72,648	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 insider transaction did GLRE disclose for Chief Actuary Richard Strommer?

GREENLIGHT CAPITAL RE, LTD. disclosed that Chief Actuary Richard Paul Strommer received a grant of 4,623 ordinary shares as an equity award. This is a compensation-related grant, not an open-market purchase, and increases his directly held position in the company’s ordinary shares.

How many GREENLIGHT CAPITAL RE (GLRE) shares were granted in this Form 4?

The Form 4 shows a grant of 4,623 ordinary shares to Chief Actuary Richard Paul Strommer. These were awarded at a stated price of $0.0000 per share, indicating a compensation grant rather than a cash purchase on the open market.

What is Richard Strommer’s GLRE shareholding after the reported grant?

Following the reported grant, Richard Paul Strommer directly holds 72,648 ordinary shares of GREENLIGHT CAPITAL RE, LTD. This figure reflects his position after receiving the 4,623-share equity award reported in this Form 4 insider transaction filing.

Are the GLRE shares granted to Richard Strommer immediately vested?

No, the grant is structured as restricted stock units that vest evenly over three years on January 1. Vesting is conditioned on Richard Strommer’s continuous service with the company, and the units convert into ordinary shares only upon vesting.

Is the GLRE Chief Actuary’s Form 4 transaction an open-market buy or compensation award?

The transaction is a compensation-related equity award, not an open-market buy. The filing characterizes it as a grant or award acquisition with a transaction code A and a stated price of $0.0000 per share, typical for restricted stock unit grants.

How will the restricted stock units reported by GLRE convert into shares?

The restricted stock units awarded to Richard Paul Strommer will vest in equal portions over three years on January 1. Once each portion vests, those units convert into ordinary shares of GREENLIGHT CAPITAL RE, LTD., increasing his directly held share count accordingly.