Strommer Richard Paul 4

What Happened

• Richard Paul Strommer, Chief Actuary of Greenlight Capital Re, was granted 4,623 restricted stock units (RSUs) on 2025-03-13. The award price is $0.00 (no cash paid), so the immediate reported value is $0. These RSUs convert into ordinary shares upon vesting.

Key Details

• Transaction date: 2025-03-13; Form filed: 2026-03-16 (filed about one year after the grant).
• Transaction type/code: Award/Grant (A).
• Shares granted: 4,623 RSUs; reported acquisition price: $0.00; immediate cash value reported: $0.
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnote: RSUs vest evenly over three years on January 1 each year, subject to Strommer’s continuous service; upon vesting RSUs convert to ordinary shares.
• No indication of a 10b5-1 plan, sale, gift, or tax-withholding reported in the provided data.

Context

• This is a compensation award, not an open-market purchase or sale. RSU grants are common employee compensation and do not represent an immediate change in tradable shares until vesting/conversion.
• Because the Form 4 was filed roughly one year after the grant date, the information became public considerably later than the transaction date; delayed filings can limit timely transparency for investors.