Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 71

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 71
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 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.

(7) The Value of Accelerated Equity for Change in Control is calculated as the fair market value of the 38,727 restricted shares and 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.

2025 PROXY STATEMENT 53

GREENLIGHT RE

### PAY RATIO AND PAY VERSUS PERFORMANCE

#### 2024 Pay Ratio
As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the annual total compensation of our employees and the annual total compensation of Mr. Richardson, our Chief Executive Officer (“CEO”, or as sometimes referred to below in this section, our Principal Executive Officer or “PEO”).

For 2024, our last completed fiscal year:

a) the median of the annual total compensation of all our employees (other than our CEO) was $171,878; and

b) the total compensation of our CEO was $2,323,230 .

Based on this information, for 2024, the ratio of the total compensation of Mr. Richardson, our CEO, to the median of the annual total compensation of all employees was 13.5 to 1.0.

To identify the median employee in 2024, we took the following steps:

i. We selected December 31, 2024, which we refer to as the determination date, which is within the last three months of 2024, as the date upon which we would identify the “median employee.”

ii. We identified the median employee by examining the annual total compensation for 2024, calculated in accordance with the requirements of Item 402(c)(2)(x) of Regulation S-K, of each of our employees employed as of December 31, 2024. For those employees who joined the Company during 2024 the total compensation was annualized as if they had been employed for the entire year. We calculated the total compensation for each employee in the same manner as the “Total Compensation” shown for our NEO