Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 69

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 69
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                                    | 1,214,808 |     |       | 1,214,808 |

(1) The Total Cash Severance is calculated as the sum of base salary ($500,000) and target bonus ($250,000), plus Cayman statutory severance, which is equal to one week’s salary, at the employee’s latest basic salary, for each completed twelve month period of employment.

(2) The Total Cash Severance is calculated as the sum of base salary ($500,000) and target bonus ($250,000).

(3) The Total Cash Severance for Disability is calculated as one week’s salary, at the employee’s latest basic salary, for each completed twelve month period of employment, which represents Cayman statutory severance.

(4) The Pro-Rated Bonus upon a termination of employment without cause or for good reason is calculated as 50% of base salary pursuant to Mr. Curnock’s employment agreement. The Pro-Rated Bonus upon a termination of employment due to death or disability reflects the amount earned in respect of the applicable year.

(5) The Value of Accelerated Equity for Death and Disability is calculated as the fair market value of the 80,106 restricted shares and RSUs subject to accelerated vesting if a termination due to death or disability occurred, in each 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.

(6) The Value of Accelerated Equity for Change in Control is calculated as the fair market value of the 86,772 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.

52 2025 PROXY STATEMENT

GREENLIGHT RE

Assuming Mr. Sigmon’s employment terminated under each of the circumstances described below or a change in control occurred on December 31, 2024, such payments and benefits have an estimated value of:

| Event                          |     | Pro-Rated Bonus(4)$ |         |     | Total Cash Severance 
 $                    |         |     |     | Value of Accelerated Equity(5)(6)(7)$ |         |     | Total 
 $     |         |
| Termination without Cause(1