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Greenlight Capital Re Executive Compensation (FY25)

GLRE · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Greg Richardson
Latest say-on-pay support
=
July 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): August 3, 2026
15 filings cited on this page
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275 figures on this page: 266 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Greg Richardson: $2,323,230 → $3,314,610 (42.7% higher)
Say-on-pay support: 91.8% → 95.5% (3.7 points higher)
CEO pay ratio: 13.5:1 → 19.1:1 (41.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Greenlight Capital Re's chief executive and what were they paid?
Greg Richardson, Chief Executive Officer, received $3,314,610 in total compensation for fiscal 2025. Richardson's total was 42.7% higher than the $2,323,230 reported for fiscal 2024.
What was Greenlight Capital Re's say-on-pay result?
Shareholders supported the say-on-pay proposal with 95.5% of votes cast for or against in favor at the meeting held July 28, 2026 for fiscal 2025.
Which companies are in Greenlight Capital Re's peer group?
The disclosed peer group names Arch Capital Group, Ltd., AXIS Capital Holdings Limited, Conduit Holdings Limited, Employers Holdings, Inc. and Everest Group, Ltd., among others.
What is Greenlight Capital Re's chief executive pay ratio?
The company reported a chief executive pay ratio of 19.1:1 for fiscal 2025, against median employee compensation of $173,762.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Simon Burton
Chief Executive Officer and Chief Underwriting Officer
◇—◇—◇—◇◇
Neil Greenspan
Chief Financial Officer
◇—◇—◇—◇◇
Patrick O'Brien
Chief Executive Officer, GRIL
◇—◇—◇—◇◇
Faramarz Romer
Chief Accounting Officer, Treasurer and Interim Compliance Officer
◇—◇—◇—◇◇
Thomas Curnock
Chief Risk Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Simon Burton
Chief Executive Officer
◇—◇—◇—◇◇
Patrick O'Brien
Chief Executive Officer, GRIL
◇◇◇—◇—◇◇
Neil Greenspan
Former Chief Financial Officer
Departed during or after this year
◇—————◇◇
Thomas Curnock
Chief Risk Officer
◇◇◇—◇—◇◇
Faramarz Romer
Chief Financial Officer
◇◇◇—◇—◇◇
David Sigmon
General Counsel, Chief Compliance Officer & Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Greg Richardson
Chief Executive Officer
◇——◇◇—◇◇
Patrick O'Brien
Chief Operating Officer & Chief Executive Officer, GRIL
◇◇◇—◇—◇◇
Faramarz Romer
Chief Financial Officer
◇◇◇—◇—◇◇
Thomas Curnock
Group Chief Underwriting Officer & Chief Risk Officer
◇◇◇—◇—◇◇
David Sigmon
General Counsel, Chief Compliance Officer & Corporate Secretary
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Greg Richardson
Chief Executive Officer
◇—◇—◇—◇◇
Patrick O'Brien
Chief Operating Officer & Chief Executive Officer, GRIL
◇—◇—◇—◇◇
Thomas Curnock
Group Chief Underwriting Officer & Chief Risk Officer
◇—◇—◇—◇◇
Faramarz Romer
Chief Financial Officer
◇—◇—◇—◇◇
Brian O'Reilly
Head of Innovations
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brian O'ReillyPSU◇—◇—◇—◇
Brian O'ReillyRSU◇——◇———
Faramarz RomerPSU◇—◇—◇—◇
Faramarz RomerRSU◇——◇———
Greg RichardsonPSU◇—◇—◇—◇
Greg RichardsonRSU◇——◇———
Patrick O BrienPSU◇—◇—◇—◇
Patrick O'BrienRSU◇——◇———
Patrick O’BrienPSU◇—◇—◇—◇
Thomas CurnockPSU◇—◇—◇—◇
Thomas CurnockRSU◇——◇———
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Thomas CurnockPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Patrick O'BrienPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Greg RichardsonRSU◇◇——
PSU◇◇——
Option◇—◇1/4/2034
Faramarz RomerPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Brian O'ReillyPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Faramarz Romer
Chief Financial Officer · Employment agreement · citing a 2023 filing
Severance multiple◇
Change-in-control trigger◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Greg Richardson
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Equity acceleration on change in control◇
Patrick O'Brien
Chief Operating Officer & Chief Executive Officer, GRIL · Amended agreement
Severance multiple◇
Thomas Curnock
Group Chief Underwriting Officer & Chief Risk Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Bryan Murphy
◇◇————◇
Joseph Platt
Lead independent director
◇◇————◇
Johnny Ferrari
◇◇————◇
Ursuline Foley
◇◇————◇
Victoria Guest
◇◇————◇
Ian Isaacs
◇◇————◇
Leonard Goldberg
◇◇————◇
Greg Richardson, David Einhorn, Ariel Warszawski and Daniel Roitman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Restricted Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Arch Capital Group, Ltd. ACGL
  • AXIS Capital Holdings Limited AXS
  • Conduit Holdings Limited symbol not shown
  • Employers Holdings, Inc. EIG
  • Everest Group, Ltd. EG
  • Hamilton Insurance Group, Ltd. HG
  • Hiscox Ltd. HSX
  • James River Group Holdings, Ltd. JRVR
  • Kinsale Capital Group, Inc. KNSL
  • Lancashire Holdings Limited symbol not shown
  • Proassurance Corporation PRA
  • RenaissanceRe Holdings Ltd. RNR
  • SiriusPoint, Ltd. SPNT
  • United Fire Group, Inc. UFCS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025July 28, 2026=◇◇◇
2024July 29, 2025=◇◇◇
2023July 25, 2024=◇◇◇
2022July 25, 2023=◇◇◇
2019October 29, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2017April 25, 2018=◇◇◇
2016April 26, 2017=◇◇◇
2015April 27, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Greg Richardson (Chief Executive Officer), FY2025 total compensation $3,314,610 (base salary $800,000) [exec_comp, SEC accession 0001385613-26-000057, filed 2026-04-24]

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What this page does not include

Everything above is a fact Greenlight Capital Re disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Greenlight Capital Re sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
275 figures on this page: 266 cited to the filing that reported them, 9 calculated from figures it prints.
266 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001385613-26-000093
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001385613-26-000057
    DIRECTOR COMPENSATION · GRANTS OF PLAN BASED AWARDS IN FISCAL YEAR 2025 · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END 2025 · PAY RATIO · and 1 more section
  3. 0001385613-25-000081
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001385613-25-000055
    Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
  5. 0001385613-24-000084
    Item 5.07. Submission of Matters to a Vote of Security Holders
  6. 0001385613-24-000044
    SUMMARY COMPENSATION TABLE
  7. 0001385613-23-000082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001385613-23-000045
    SUMMARY COMPENSATION TABLE
  9. 0001385613-20-000085
  10. 0001385613-19-000093
    Employment Agreement
  11. 0001385613-19-000057
  12. 0001385613-18-000060
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001385613-17-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001385613-16-000148
  15. 0001385613-23-000021
    EX-10.29
Cite this data
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Velarion, “Greenlight Capital Re executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GLRE (accessed 2026).
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Greenlight Capital Re discloses

The companies named in GLRE's own disclosed peer group.

Arch Capital Group, Ltd.AXIS Capital Holdings LimitedEmployers Holdings, Inc.Everest Group, Ltd.Hamilton Insurance Group, Ltd.James River Group Holdings, Ltd.Kinsale Capital Group, Inc.Proassurance CorporationRenaissanceRe Holdings Ltd.SiriusPoint, Ltd.United Fire Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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