secwatch.observer — SEC 8-K summary
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Issuer:     GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK:        0001385613
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001385613-22-000111
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenlight Re GC & CLO Laura Accurso to depart Dec 31; $1M severance + consulting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385613/000138561322000111/0001385613-22-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385613/000138561322000111/glre-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001385613-22-000111

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