Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 30

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 30
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 an associate attorney within an international law firm based out of the firm’s New York City office                                                                                                                    |     | • Juris Doctor degree, with honors (cum laude distinction), from Brooklyn Law School 
 • LL.M. degree from Georgetown University Law Center                                 |

2025 PROXY STATEMENT 29

GREENLIGHT RE

### COMPENSATION DISCUSSION AND ANALYSIS

#### Annual “Say-on-Pay” Vote
Our Board of Directors believes that allowing our shareholders to vote on our executive compensation practices on an annual basis aligns with market best practices and provides our shareholders with an important opportunity to provide meaningful feedback to us.

The Board and the Compensation Committee regularly evaluate our compensation policies and practices and to consider shareholder feedback and the results of our “Say-on-Pay” votes when making future compensation decisions for our NEOs. We are pleased to have received a high level of voting approval, over 95% of votes cast , for the Say-on-Pay advisory vote at our 2024 Annual General Meeting.

#### Named Executive Officers
Our named executive officers, or NEOs, and their respective titles as of December 31, 2024 are as follows:

• Greg Richardson, Chief Executive Officer ;

• Faramarz Romer, Chief Financial Officer;

• Patrick O’Brien, Chief Operating Officer & Chief Executive Officer, GRIL;

• Thomas Curnock, Group Chief Underwriting Officer & Chief Risk Officer; and

• David Sigmon, General Counsel, Chief Compliance Officer & Corporate Secretary

#### Compensation Policy
In general, we seek to pay salaries that are commensurate with the salaries paid to executives at other publicly traded reinsurance companies that we consider to be our peers. However, as the only open market publicly traded property and casualty reinsurer headquartered in the Cayman Islands, no direct comparison can generally be made.

Our performance-driven compensation policy consists of the following three main components:

• base salary;

• bonuses; and

• equity-based compensation.

In an effort to align our employees’ and executive officers’ interests with those of our shareholders and increase long-term growth in book value per share, we generally use short-term compensation composed of base salary and annual cash bonuses and long-term equity and/or equity-based compensation comprised of time based and performance based restricted share units (“RSUs”) and/or restricted shares. In addition, from time to time and under certain circumstances, we may award sign-on bonuses, retention bonuses and other bonuses and/or bonus opportunities.

Our Compensation Committee reviews and approves all recommendations made with respect