GREENLIGHT CAPITAL RE, LTD.·4

Mar 11, 5:09 PM ET

OReilly Brian Joseph 4

Research Summary

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Updated

GLRE — Brian OReilly (Head of Innovations) Forfeits 2,195 Shares

What Happened
Brian OReilly, Head of Innovations at Greenlight Capital Re, reported a disposal of 2,195 shares effective 2026-03-09. The Form 4 shows these shares were disposed at $0.00 (total proceeds $0), and a footnote states they were forfeited performance-based restricted stock granted in 2023 — not a market sale for cash.

Key Details

  • Transaction date: 2026-03-09 (Period of Report).
  • Filing date: 2026-03-11 (Form 4 accession 0001385613-26-000016); filing appears timely.
  • Transaction type/code: S — reported as an open market/private sale disposition but annotated as forfeiture.
  • Shares disposed: 2,195; price per share reported as $0.00; total proceeds $0.
  • Footnote: F1 — "Forfeited performance-based restricted stocks granted in 2023."
  • Shares owned after the transaction: not specified in the provided filing details.

Context
Forfeiture of performance-based restricted stock means the awards were canceled and produced no cash proceeds. This is different from an insider selling shares into the market; it does not necessarily signal buying or selling sentiment by the insider. The filing does not state why the performance-based awards were forfeited (common reasons can include unmet performance targets or departure, but the filing provides no specific reason).