Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 66

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 66
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 31, 2024, the last business day of the year).

Assuming Mr. Romer’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$(2) |         |     | Total Cash Severance 
 $                    |         |     | Value of Accelerated Equity(4)(5)$ |         |     | Total 
 $     |           |
| Termination without Cause(1)   |     |                     | 125,000 |     |                      | 913,462 |     |                                    |       — |     |       | 1,038,462 |
| Termination for Good Reason(1) |     |                     | 125,000 |     |                      | 750,000 |     |                                    |       — |     |       |   875,000 |
| Death                          |     |                     | 125,000 |     |                      |       — |     |                                    | 940,982 |     |       | 1,065,982 |
| Disability(3)                  |     |                     | 125,000 |     |                      | 163,462 |     |                                    | 940,982 |     |       | 1,229,444 |
| Change in Control              |     |                     |       — |     |                      |       — |     |                                    | 979,286 |     |       |   979,286 |

(1) The Total Cash Severance is 100% of base salary and target bonus, plus Cayman statutory severance for Termination without Cause, 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 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.

(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 Value of Accelerated Equity for Death and Disability is calculated as the fair market value of the 67,213 restricted shares and RSUs subject to the accelerated vesting if a termination due to death or disability occurred, in each case, on December