Greenlight Capital Re (GLRE) CEO granted 26,417 RSUs that convert to shares

Rhea-AI Filing Summary

GREENLIGHT CAPITAL RE, LTD. reported that Chief Executive Officer Greg Richardson acquired an award of 26,417 restricted stock units. These RSUs vest in equal installments over three years on January 1, subject to his continued service, and will convert into ordinary shares upon vesting. Following this compensation-related grant, he holds 106,508 shares directly.

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^*

Richardson Greg

(Last) (First) (Middle)

65 MARKET ST, SUITE 1207

PO BOX 31110 CAMANA BAY

(Street)

GEORGE TOWN E9 KY11205

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		26,417	A	$0(1)	106,508	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.
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FAQ

What insider transaction did GLRE CEO Greg Richardson report?

Greg Richardson reported an acquisition of 26,417 restricted stock units as compensation. These units will convert into ordinary shares as they vest over time, increasing his equity exposure to GREENLIGHT CAPITAL RE, LTD. and further aligning his interests with shareholders.

How many Greenlight Capital Re (GLRE) shares does the CEO hold after this Form 4?

After the reported award, Greg Richardson holds 106,508 ordinary shares directly. This figure reflects his position following the 26,417 restricted stock units grant that will convert into shares upon vesting, as disclosed in the Form 4 filing.

How do the GLRE CEO’s restricted stock units vest?

The restricted stock units vest evenly over three years on January 1 of each year. Vesting is contingent on Greg Richardson’s continuous service with the company, and once vested, each unit converts into one ordinary share of GREENLIGHT CAPITAL RE, LTD.

Was cash paid for the GLRE CEO’s newly reported shares?

No cash was paid for these shares; the Form 4 reports a price of 0.0000 per share. The 26,417 units represent a stock-based compensation award, which will convert into ordinary shares as the restricted stock units vest over the three-year schedule.

Is the GLRE CEO’s Form 4 transaction a market purchase or a stock grant?

The transaction is a stock grant, not a market purchase. It is coded as a grant or award acquisition and described as restricted stock units that vest over three years, then convert into ordinary shares, reflecting typical equity compensation rather than open-market buying.

What does the GLRE Form 4 say about conditions on the CEO’s RSU vesting?

The Form 4 notes that vesting of the restricted stock units is subject to Greg Richardson’s continuous service with the company. If he remains in service, the units vest in equal annual tranches on January 1 and are then converted into ordinary shares of GREENLIGHT CAPITAL RE, LTD.