Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 60

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 60
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 generally subject to continued employment through and including each vesting date.

(2) All restricted shares and RSUs granted in 2022, 2023 and 2024 are subject to performance conditions and will cliff vest, if at all, based on the actual level of achievement against the performance metrics following the end of the three year performance period, generally subject to continued employment through and including the last day of the three year performance period. The number of shares or units reported are based on achieving threshold performance conditions.

(3) Assumes a stock price of $14.00 the closing price of the ordinary shares on December 31, 2024, the last business day of the year.

(4) Mr. Richardson was granted an option to purchase 250,000 ordinary shares in accordance with the terms of the Richardson Employment Agreement. The option will become exercisable with respect to 50,000 shares on each of January 1, 2025, 2026, 2027, 2028 and 2029.

2025 PROXY STATEMENT 47

GREENLIGHT RE

Stock Option Exercises and Stock Award Vesting in Fiscal 2024

The following table provides information regarding the exercise of stock options and stock awards vesting during fiscal year 2024 on an aggregated basis with respect to each of our NEOs.

|                 |     | Option Awards                             |     |                                |     |                             Stock Awards |     |                                  |
| Name            |     | Number of Shares Acquired on Exercise (#) |     | Value Realized on Exercise ($) |     | Number of Shares Acquired On Vesting (#) |     | Value Realized on Vesting ($)(1) |
| Greg Richardson |     | —                                         |     | —                              |     |                                        — |     |                                — |
| Faramarz Romer  |     | —                                         |     | —                              |     |                                   42,067 |     |                          491,881 |
| Patrick O’Brien |     | —                                         |     | —                              |     |                                   39,231 |     |                          461,133 |
| Thomas Curnock  |     | —                                         |     | —                              |     |                                   35,258 |     |                          414,357 |
| David Sigmon    |     | —                                         |     | —                              |     |                                        — |     |                                — |

(1) The value realized on vesting is calculated by multiplying the number of shares acquired