A Statement of Changes in Beneficial Ownership was filed on September 4, 2026, reporting that John Welch, a director of Greenlight Capital Re, Ltd. (NASDAQ:GLRE), received a restricted stock award of ordinary shares on September 3, 2026.

Key Highlights

  • Reporting person: John Welch, identified as a Director of Greenlight Capital Re, Ltd.
  • Transaction date: The award was granted on September 3, 2026, with the filing submitted September 4, 2026.
  • Shares acquired: 13,356 ordinary shares acquired (transaction code A) at a price of $0.
  • Resulting ownership: Welch beneficially owns 13,356 ordinary shares directly following the transaction.
  • Vesting schedule: The award vests on the earlier of the first anniversary of the grant date and the next annual general meeting of shareholders.
  • Plan basis: The restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan.

Director Share Award at Greenlight Capital Re Under 2023 Incentive Plan

According to the filing, John Welch, a director of Greenlight Capital Re, Ltd., received 13,356 ordinary shares on September 3, 2026, under transaction code "A" (acquired), at a stated price of $0. The shares are held directly and represent Welch's total reported beneficial ownership of ordinary shares following the transaction. No derivative securities were reported in connection with this award.

The filing discloses that the restricted stock award was granted pursuant to the Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan. Greenlight Capital Re is a Cayman Islands-based reinsurance company whose ordinary shares trade on NASDAQ:GLRE. The award is subject to a vesting condition: it will vest on the earlier of the first anniversary of the grant date or the next annual general meeting of shareholders, according to the explanation of responses included in the filing. The document was signed by Steven Archambault as attorney in fact on September 4, 2026.

What Was Disclosed

The filing reported a restricted stock award of 13,356 ordinary shares granted to director John Welch at no cost on September 3, 2026, under the company's 2023 Omnibus Incentive Plan, with vesting tied to an anniversary or shareholder meeting milestone.