Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 50

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 50
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 restricted share grant, with a grant value of $250,000, that cliff vests three years after the grant date generally subject to Mr. Sigmon’s continued employment.

(3) For the 2024 year, the value reported above in the “Non-Equity Incentive Plan Compensation” column is the amount paid to the applicable NEOs in March 2025 and relates to the bonus in respect of the 2024 plan year.

(4) The 2024 figures include the following amounts required by SEC rules to be separately quantified: for Messrs. Richardson, Romer, Curnock and Sigmon, a defined contribution plan amount of $10,610; for Mr. O’Brien, a pension allowance of $97,200; for Mr. Richardson, relocation costs of $29,533; and for Messrs. Romer, O’Brien and Curnock, executive coaching costs of $30,000. The 2024 amounts also include the following, none of which exceeded the greater of $25,000 or 10% of the total applicable benefits for each NEO: (i) amounts related to spouse / partner costs for attending select business related events for each of the NEOs where spouses / partners were invited; and (ii) for Mr. Sigmon, tuition reimbursement under the Company’s employee development policy (Mr. Sigmon completed his LL.M. degree from Georgetown University Law Center in June 2024 and no further tuition will be reimbursed); and dues associated with being designated as a corporate member representative in connection with a corporate recreational club membership utilized by the Company for business development purposes.

(5) Mr. Richardson joined the Company in January 2024. The “Option Awards” value is based on the fair value of the relevant award determined on the grant date using the Black-Scholes option pricing model.

(6) Because he is based in Ireland, Mr. O’Brien’s cash compensation is generally paid to him in Euros rather than United States dollars. Amounts reported as “Salary,” and “All Other Compensation” are based on an average conversion rate for 2024, which was $1.08 United States dollars for each Euro. As noted above, amounts reported as “Bonus” and “Non-Equity Incentive Plan Compensation” were denominated in United States dollars, but will be paid to Mr. O’Brien in Euros rather than United States dollars because he is based in Ireland.

(7) Mr. Sigmon joined the Company in April