OReilly Brian Joseph 4

What Happened Brian Joseph O'Reilly, Head of Innovations at Greenlight Capital Re, Ltd. (GLRE), was granted 6,395 restricted stock units (RSUs) on March 13, 2025. The grant was recorded at $0.00 per unit (acquisition value $0). These RSUs are awards that will convert into ordinary shares upon vesting rather than being an open-market purchase or sale.

Key Details

• Transaction date and type: 2025-03-13 — Award/Grant of 6,395 RSUs (Code A) at $0.00.
• Consideration: $0.00 (no cash paid at grant); total acquisition value reported as $0.
• Vesting/conversion: Footnote indicates RSUs vest evenly over three years on January 1st, subject to continuous service, and convert to ordinary shares upon vesting.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: The Form 4 was filed on 2026-03-16, roughly one year after the grant date; insiders are generally required to file Form 4 within two business days of the transaction, so this filing appears late.

Context RSUs are compensation awards that convert to company shares only when they vest; they do not represent an immediate cash purchase or sale and should not be interpreted as an immediate bullish or bearish trade. The delayed filing date is notable for disclosure compliance but does not by itself explain the insider’s intent.