Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 55

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 55
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ock is eligible to receive equity awards in accordance with the terms of our long term incentive plan. Mr. Curnock is also eligible to participate in our employee benefit plans and insurance programs.

David Sigmon . We entered into an employment agreement with Mr. Sigmon, dated March 6, 2023, pursuant to which Mr. Sigmon serves as our General Counsel. The employment agreement does not have a fixed term. Mr. Sigmon is entitled to receive an annual base salary of $390,000 subject to review periodically and is eligible to be considered for an annual discretionary bonus with a target equal to 50% of base salary. In addition, Mr. Sigmon is eligible to receive equity awards in accordance with the terms of our long term incentive plan. Mr. Sigmon is also eligible to participate in our employee benefit plans and insurance programs.

#### The 2023 Incentive Plan
General

The Greenlight Capital Re, Ltd. 2023 Omnibus Incentive Plan, or the 2023 Incentive Plan, was established by the Company to promote the interests of the Company and its shareholders by:

• attracting, retaining, motivating, and rewarding exceptional employees, officers, directors and consultants (including prospective employees, officers, directors and consultants) of the Company and its affiliates;

• enabling such individuals to participate in the long-term growth and financial success of the Company; and

• directly linking compensation with Company performance.

44 2025 PROXY STATEMENT

GREENLIGHT RE

The 2023 Incentive Plan became effective on July 25, 2023. The 2023 Incentive Plan is intended to replace the Prior Incentive Plan. The 2023 Incentive Plan shall not terminate, amend or modify any provision of the Prior Incentive Plan nor adversely affect any awards granted under the Prior Incentive Plan or rights outstanding under the Prior Incentive Plan; provided, however, that no further awards will be granted under the Prior Incentive Plan.

Subject to adjustment in accordance with the terms of the 2023 Incentive Plan, the aggregate number of ordinary shares that are available to be delivered pursuant to awards granted under the 2023 Incentive Plan is equal to the sum of (i) 2,000,000 shares and (ii) any shares that remained or otherwise become available under the Prior Incentive Plan as of July 25, 2023 which was 1,362,165 shares.

As of December