Strommer Richard Paul 4

What Happened
Richard (Strommer) Paul, Chief Actuary at Greenlight Capital Re, disposed of 2,786 shares on 2026-03-09. The Form 4 reports the shares were recorded as a sale (code S) at $0.00 per share for a total reported value of $0. According to the filing footnote, these were forfeited performance-based restricted shares originally granted in 2023 — not an open-market cash sale.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely filing).
• Reported transaction type/code: S (disposed) at $0.00 per share; total $0.
• Shares disposed: 2,786 forfeited performance-based restricted shares (grant from 2023).
• Shares owned after transaction: not specified in this filing.
• Footnote: F1 — forfeiture of 2023 performance-based restricted stock awards.
• Filing timeliness: appears timely (filed within typical reporting window).

Context
Forfeitures of performance-based restricted stock occur when vesting conditions aren’t met or upon certain employment changes; they are administrative disposals and do not reflect an open-market sale or a direct expression of the insider’s view on the company. Purchases generally carry more weight as bullish signals; forfeitures are routine and typically not interpreted as a market signal.