Greenlight Capital Re Form 4: Restricted Award of 8,046 Shares to Director
Rhea-AI Filing Summary
Filing overview: This Form 4 was filed for Greenlight Capital Re, Ltd. (GLRE) reporting person Foley Ursuline F, identified as a Director. The filing shows a transaction dated 08/07/2025 in which 8,046 ordinary shares were acquired (transaction code A). After the reported transaction, the filing lists 49,100 shares as beneficially owned, shown as Direct ownership. The form indicates it was filed by one reporting person.
Award details and procedural notes: The shares were granted as a restricted stock award under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. The award will vest on the earlier of the first anniversary of the grant date and the 2026 annual general meeting of shareholders. The Form 4 was signed by Sherry Diaz, as attorney in fact, on 08/08/2025. The reporting person address on the form is Stamford, CT 06905.
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Insights
TL;DR: Director Foley received a restricted stock award of 8,046 shares, increasing direct beneficial ownership to 49,100 shares.
The filing documents a non-derivative acquisition (code A) dated 08/07/2025 for 8,046 ordinary shares, with beneficial ownership reported at 49,100 shares post-transaction. The grant is a restricted stock award under the companys 2023 Omnibus Incentive Plan and contains a clear vesting condition: earlier of the first anniversary of the grant and the 2026 annual meeting. The Form 4 was executed by an attorney-in-fact on 08/08/2025. Based solely on the filing, this is a routine equity grant recorded under Section 16 reporting requirements.
TL;DR: The disclosure shows an equity-based director award with a specified vesting trigger under the 2023 Omnibus Incentive Plan.
The document explicitly states the shares are a restricted stock award granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan and describes the vesting schedule (earlier of first anniversary or 2026 annual general meeting). The report identifies the recipient as a director and shows direct beneficial ownership after the grant. The filing is a standard Form 4 disclosure, signed by an attorney-in-fact on 08/08/2025.