Ian Isaacs receives restricted stock award under GLRE 2023 plan

Rhea-AI Filing Summary

Ian Isaacs, a director of Greenlight Capital Re, Ltd. (GLRE), was granted 8,046 ordinary shares as a restricted stock award under the company’s 2023 Omnibus Incentive Plan. The award is set to vest on the earlier of the first anniversary of the grant date and the 2026 annual general meeting of shareholders. The transaction is recorded as an acquisition 08/07/2025. Following the award, the Form 4 shows total beneficial ownership of 79,530 ordinary shares, which includes 25,000 shares held indirectly by the Isaacs Living Trust and 25,000 shares held indirectly by the Ian Isaacs IRA. This disclosure was made on a Form 4 filed under Section 16.

Insights

Financial Analyst

TL;DR: Routine director restricted stock award of 8,046 shares increases reported beneficial ownership to 79,530 shares; appears non-material.

The filing documents a restricted stock award to director Ian Isaacs for 8,046 ordinary shares under the 2023 Omnibus Incentive Plan. The award is coded as an acquisition 79,530 shares beneficially owned after the transaction, including two indirect holdings of 25,000 shares each. Based on the information provided, this is a standard equity grant disclosure and does not itself indicate material balance-sheet or operating changes.

Corporate Governance Expert

TL;DR: Director equity grant documented with clear vesting terms; disclosure aligns with Section 16 reporting requirements.

The document shows a restricted stock award under the company’s 2023 Omnibus Incentive Plan with explicit vesting tied to time and the 2026 annual meeting. The reporting person is identified as a director, and the Form 4 lists both direct and indirect holdings, including 25,000 shares held by an estate planning vehicle and 25,000 shares in an IRA. The filing provides the necessary detail on grant size, vesting conditions, and beneficial ownership for governance transparency. No other governance actions or amendments are disclosed.

08/08/2025 - 02:19 PM

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Isaacs Ian

(Last) (First) (Middle)

65 MARKET STREET, SUITE 1207,

CAMANA BAY, P.O. BOX 31110,

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		A		8,046	A	(1)	79,530	D
ORDINARY SHARES								25,000	I	By Isaacs Living Trust
ORDINARY SHARES								25,000	I	By Ian Isaacs IRA

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 award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. This award will vest on the earlier of the first anniversary of the grant date and the 2026 annual general meeting of shareholders.

Remarks:

	/s/ Sherry Diaz, as attorney in fact	08/08/2025
	** 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

Who filed the Form 4 for GLRE?

The reporting person is Ian Isaacs, identified in the filing as a director of Greenlight Capital Re, Ltd. (GLRE).

How many shares did Ian Isaacs acquire in the reported transaction for GLRE?

The Form 4 reports an acquisition of 8,046 ordinary shares as a restricted stock award.

What is Ian Isaacs' total beneficial ownership in GLRE after the transaction?

The filing shows total beneficial ownership of 79,530 ordinary shares following the reported transaction.

Are any of Ian Isaacs' holdings held indirectly?

Yes. The Form 4 lists 25,000 shares held by the Isaacs Living Trust and 25,000 shares held by the Ian Isaacs IRA as indirect holdings.

Under which plan was the award granted?

The restricted stock award was granted under the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan.

What are the vesting conditions for the restricted stock award?

The award will vest on the earlier of the first anniversary of the grant date and the 2026 annual general meeting of shareholders.