Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 70

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 70
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)   |     |                     | 105,000 |     |                      | 428,077 |     |     |                                       | 418,684 |     |       | 951,761 |
| Termination for Good Reason(2) |     |                     | 105,000 |     |                      | 420,000 |     |     |                                       | 418,684 |     |       | 943,684 |
| Death                          |     |                     | 105,000 |     |                      |         | N/A |     |                                       | 542,178 |     |       | 647,178 |
| Disability(3)                  |     |                     | 105,000 |     |                      |   8,077 |     |     |                                       | 542,178 |     |       | 655,255 |
| Change in Control              |     |                     |       — |     |                      |       — |     |     |                                       | 542,178 |     |       | 542,178 |

(1) The Total Cash Severance is calculated as the sum of base salary ($420,000) 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 ($420,000).

(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, for good reason, due to death or disability reflects the amount earned in respect of the applicable year.

(5) The Value of Accelerated Equity for Termination without Cause and Termination for Good Reason is calculated as the fair market value of the 29,906 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, the closing share price on December 31, 2024, the last business day of the year.

(6) The Value of Accelerated Equity for Death and Disability is calculated as the fair market value of the 38,727 restricted shares and RSUs subject to accelerated vesting if a termination due to death or disability occurred, in each