leadership
confidence high
sentiment neutral
materiality 0.40
Greenlight Re GC & CLO Laura Accurso to depart Dec 31; $1M severance + consulting
GREENLIGHT CAPITAL RE, LTD.
- Laura Accurso will separate as General Counsel, Corporate Secretary, and CCO effective Dec 31, 2022.
- Cash severance of $1M ($250k lump sum, $750k over 12 months) plus $105,770 statutory severance.
- Unvested time-based equity awards (42,411 2020 shares, 21,786 2021 shares) fully vest; performance-based shares remain eligible.
- Post-separation consulting agreement pays $25k/month from Jan 1 to Apr 30, 2023.
- Accurso agrees to 12-month non-solicitation, confidentiality, and non-disparagement.