Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 68

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 68
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 is calculated as 60% of base salary pursuant to Mr. O’Brien’s employment agreement. The Pro-Rated Bonus upon a termination of employment due to disability reflects the amount earned in respect of the applicable year.

(4) The Value of Accelerated Equity for Death and Disability is calculated as the fair market value of the 84,407 RSUs subject to accelerated vesting if a termination due to death or disability occurred, in each case, on December 31, 2024 and using a share price of $14.00, the closing share price on December 31, 2024, the last business day of the year.

(5) The Value of Accelerated Equity for Change in Control is calculated as the fair market value of the 90,777 RSUs subject to accelerated vesting if a termination due to a change in control occurred on December 31, 2024 and using a share price of $14.00, the closing share price on December 31, 2024, the last business day of the year.

Assuming Mr. Curnock’s employment terminated under each of the circumstances described below or a change in control occurred on December 31, 2024, such payments and benefits have an estimated value of:

| Event                          |     | Pro-Rated Bonus(4)$ |         |     | Total Cash Severance 
 $                    |         |     | Value of Accelerated Equity(5)(6)$ |           |     | Total 
 $     |           |
| Termination without Cause(1)   |     |                     | 250,000 |     |                      | 894,231 |     |                                    |         — |     |       | 1,144,231 |
| Termination for Good Reason(2) |     |                     | 250,000 |     |                      | 750,000 |     |                                    |         — |     |       | 1,000,000 |
| Death                          |     |                     |  62,500 |     |                      |       — |     |                                    | 1,121,484 |     |       | 1,183,984 |
| Disability(3)                  |     |                     |  62,500 |     |                      | 144,231 |     |                                    | 1,121,484 |     |       | 1,328,215 |
| Change in Control              |     |                     |       — |     |                      |       — |     |