Richard Paul Strommer, an officer at Greenlight Capital Re, Ltd., has filed to sell 25,000 shares of the company. This transaction, valued at approximately $411,000, is significant as it indicates Strommer's strategy to manage his equity in the firm.

Greenlight Capital Re, Ltd. operates in the fire, marine, and casualty insurance sector. The company is listed under the SEC file number 001-33493 and is based in Grand Cayman. Strommer's recent filing on November 5, 2026, follows a series of transactions, including several forms filed earlier this year.

The filing states that Strommer acquired these shares through restricted stock awards over the past few years. The most recent acquisition occurred on March 15, 2021, when he received 8,170 shares. The filing also notes that there have been no sales of securities by Strommer in the past three months.

This move may have implications for other stakeholders and investors in Greenlight Capital Re, as insider sales can influence market perceptions. Additionally, competitors in the insurance industry may analyze this transaction for insights into market trends and company performance.

Details regarding future actions or additional filings were not disclosed in the SEC filing.

Acquisition Details

Strommer's shares were acquired through restricted stock awards on three different occasions. The first acquisition was on March 15, 2019, when he received 11,531 shares. This was followed by another acquisition on March 16, 2020, where he obtained 11,161 shares. The most recent acquisition, prior to the current sale, took place on March 15, 2021, with 8,170 shares granted to him.

Company Overview

Greenlight Capital Re, Ltd. operates primarily in the fire, marine, and casualty insurance sector, classified under the Standard Industrial Classification (SIC) code 6331. The company is incorporated in Grand Cayman and has a fiscal year ending on December 31. The total number of outstanding shares is reported to be 32,240,043.

"The filing indicates that the shares being sold are common stock, and the transaction is facilitated through Charles Schwab Corp., a recognized broker in the market."

Market Context

The filing does not provide any information regarding the broader market conditions or specific reasons behind Strommer's decision to sell these shares at this time. Additionally, there is no mention of any upcoming corporate actions or strategic initiatives from Greenlight Capital Re that may influence investor sentiment.