Company: GLRE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001385613-25-000058
Chunk: 38

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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4952,743 $9.86 202,082 $9.61 Balance at December 31, 2024944,587 $9.87 191,556 $9.96 Granted— — — — Vested(222,532)9.65 (75,667)8.08 Forfeited(372,966)9.08 (1,702)9.85 Balance at March 31, 2025349,089 $10.87 114,187 $11.20 At March 31, 2025, 2,931,783 (December 31, 2024: 2,834,519) ordinary shares remained available for future issuance under the Company’s 2023 Incentive Plan.For the three months ended March 31, 2025, the total fair value of Performance and Service RSs vested was $4.2 million, respectively (2024: $1.9 million, respectively).Employee Restricted Stock UnitsThe following table summarizes the activity for unvested outstanding restricted stock units (“RSUs”) during the three months ended March 31, 2025 and 2024: Performance RSUsService RSUs Number ofnon-vestedRSUsWeighted averagegrant datefair valueNumber ofnon-vestedRSUsWeighted averagegrant datefair valueBalance at December 31, 2023154,445 $8.03 110,425 $8.78 Granted258,148 11.85 124,425 11.85 Vested— — (74,357)8.84 Forfeited— — — — Balance at March 31, 2024412,593 $10.42 160,493 $11.14 Balance at December 31, 2024403,526 $10.43 149,834 $11.14 Granted185,551 13.16 149,435 13.16 Vested(38,752)6.82 (62,041)10.46 Forfeited(54,048)7.06 (3,534)11.85 Balance at March 31, 2025496,277 $12.10 233,694 $12.60 For the awards granted during the three months ended