secwatch.observer — SEC 8-K summary
======================================

Issuer:     GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK:        0001385613
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001385613-22-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenlight Capital Re amends CEO Simon Burton's employment agreement, raises base salary to $800k
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385613/000138561322000018/0001385613-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385613/000138561322000018/glre-20220222.htm
  HTML page:      https://secwatch.observer/filing/0001385613-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer