leadership
confidence high
sentiment neutral
materiality 0.40
Greenlight Capital Re amends CEO Simon Burton's employment agreement, raises base salary to $800k
GREENLIGHT CAPITAL RE, LTD.
- Annual base salary of $800,000, target bonus 100% of base, equity target 200% of base.
- Severance: 1.5x base salary plus target bonus on qualifying termination; 2x within 18 months of change of control.
- Reimbursement of up to 115,000 KYD for Cayman permanent residency fees, repayable if terminated non-qualifying before Dec 31, 2025.
- Agreement effective January 1, 2022; continues prior arrangement with amended terms.