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Greenlight Capital Re (GLRE) Director Receives 8,046 Restricted Shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Joseph P. Platt Jr., a director of Greenlight Capital Re, Ltd. (GLRE), reported on Form 4 that on 08/07/2025 he was granted 8,046 ordinary shares as a restricted stock award under the companys 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.

Following the reported transaction Mr. Platts direct beneficial ownership is shown as 169,619 shares. The filing also discloses an indirect interest of 55,000 shares held for the account of a partnership of which he is the general partner. The Form 4 was executed by an attorney-in-fact and dated 08/08/2025.

Positive

  • Director acquisition disclosed: Joseph P. Platt Jr. was granted 8,046 ordinary shares on 08/07/2025 under the 2023 Omnibus Incentive Plan.
  • Clear ownership detail: Direct beneficial ownership reported as 169,619 shares and an indirect 55,000-share interest held in a partnership of which he is general partner.

Negative

  • None.

Insights

TL;DR: Insider restricted stock grant of 8,046 shares modestly increases direct holdings; transaction is routine and non-market.

The Form 4 shows a restricted stock award dated 08/07/2025 for 8,046 ordinary shares, granted under the 2023 Omnibus Incentive Plan and subject to a vesting condition tied to time and the 2026 AGM. The filing reports direct beneficial ownership of 169,619 shares after the grant and an indirect holding of 55,000 shares via a partnership. This is a compensation-related issuance rather than an open-market purchase or sale, so it primarily signals alignment of the director with shareholder interests rather than an immediate change in market liquidity or float.

TL;DR: Vesting-restricted award aligns director incentives with long-term shareholder outcomes and is disclosed per Section 16 rules.

The restricted stock award is explicitly tied to a standard vesting schedule (earlier of one-year anniversary and the 2026 annual meeting), which is a common governance mechanism to retain and align directors. The disclosure of an indirect 55,000-share interest held in a partnership for which Mr. Platt is general partner provides useful transparency about related-party economic interests. The filing appears complete with attorney-in-fact signature dated 08/08/2025.

Insider Platt Joseph P JR
Role Director
Type Security Shares Price Value
Grant/Award ORDINARY SHARES 8,046 $0.00 --
holding ORDINARY SHARES -- -- --
Holdings After Transaction: ORDINARY SHARES — 169,619 shares (Direct); ORDINARY SHARES — 55,000 shares (Indirect, See footnote)
Footnotes (1)
  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. These shares are held for the account of a partnership of which Mr. Platt is the general partner.
Form 4 Insider Transactions: What Each Field Means →
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
Estimated average burden
hours per response: 0.5
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*
Platt Joseph P JR
(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) 169,619 D
ORDINARY SHARES 55,000 I See footnote(2)
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.
2. These shares are held for the account of a partnership of which Mr. Platt is the general partner.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did GLRE director Joseph P. Platt report on Form 4?

The Form 4 reports a restricted stock award of 8,046 ordinary shares granted on 08/07/2025 and updates his beneficial ownership.

How many shares does Joseph P. Platt beneficially own after the transaction?

The filing shows Mr. Platt's direct beneficial ownership as 169,619 shares following the reported transaction.

Are there any indirect holdings disclosed for Joseph P. Platt in the GLRE Form 4?

Yes. The Form 4 discloses an indirect interest of 55,000 shares held for the account of a partnership of which Mr. Platt is the general partner.

Under what plan were the restricted shares granted?

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

When will the restricted stock award vest?

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