Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Daniel McGinnis | $425,000 | $0 | $420,896 | $0 | $304,500 | $0 | $14,984 | $1,165,380 |
| Former Senior Managing Director and Chief Operating Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Daniel McGinnis | $1,165,380 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-28 | 19,180,354 | 8,212,127 | 1,798,844 | 70.02% | Passed |
| 2025 | 2025-05-28 | 23,107,472 | 6,234,365 | 753,058 | 78.75% | Passed |
| 2023 | 2023-06-22 | 25,414,687 | 8,253,729 | 269,701 | 75.49% | Passed |
| 2022 | 2022-05-26 | 15,479,047 | 14,984,903 | 280,586 | 50.81% | Passed |
| 2021 | 2021-05-25 | 22,661,949 | 7,420,674 | 345,236 | 75.33% | Passed |
| 2020 | 2020-06-02 | 28,086,295 | 1,473,345 | 261,442 | 95.02% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-28 | 70.02%a |
| 2025 | 2025-05-28 | 78.75%b |
| 2023 | 2023-06-22 | 75.49%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Octave Specialty Group names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Octave Specialty Group.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | SiriusPoint Ltd. | 2025 | Scott Egan | $1,169,740 | $4,134,123 | $0 | $1,600,159 | $9,824,137 |
| 2 | Palomar Holdings, Inc. | 2025 | Mac Armstrong | 1,243,269 | 3,862,330 | 0 | 3,843,298 | 8,961,148 |
| 3 | Horace Mann Educators Corporation | 2025 | Marita Zuraitis | 1,040,000 | 3,328,000 | 832,000 | 3,139,500 | 8,453,113 |
| 4 | HCI Group, Inc. | 2025 | Paresh Patel | 950,000 | 0 | 0 | 0 | 8,236,000 |
| 5 | Tiptree Inc. | 2025 | Michael Barnes | 1,200,000 | 1,317,818 | 0 | 5,651,620 | 8,215,284 |
| 6 | White Mountains Insurance Group, Ltd. | 2025 | G. Manning Rountree | 600,000 | 5,954,618 | 0 | 1,200,000 | 8,064,309 |
| 7 | ProAssurance Corporation | 2024 | Edward L. Rand, Jr. | 1,029,231 | 2,593,355 | 0 | 2,496,000 | 6,226,834 |
| 8 | Skyward Specialty Insurance Group, Inc. | 2025 | Andrew Robinson | 975,000 | 1,563,117 | 0 | 2,973,000 | 5,532,117 |
| 9 | Heritage Insurance Holdings, Inc. | 2025 | Ernie Garateix | 875,500 | 2,757,824 | 0 | 1,663,450 | 5,341,897 |
| 10 | The Baldwin Insurance Group, Inc. | 2025 | Trevor Baldwin | 400,000 | 3,068,032 | 0 | 1,785,000 | 5,253,032 |
| 11 | Universal Insurance Holdings, Inc. | 2025 | Stephen Donaghy | 1,000,000 | 1,750,014 | 0 | 2,406,844 | 5,240,829 |
| 12 | Goosehead Insurance, Inc. | 2025 | Mark K. Miller | 750,000 | 0 | 3,682,400 | 0 | 4,850,272 |
| 13 | Hagerty, Inc. | 2025 | McKeel Hagerty | 1,185,417 | 200,886 | 0 | 3,319,169 | 4,732,132 |
| 14 | Bowhead Specialty Holdings Inc. | 2025 | Stephen Sills | 675,000 | 3,120,966 | 0 | 0 | 4,309,280 |
| 15 | James River Group Holdings, Ltd. | 2024 | Frank D'Orazio | 966,625 | 966,613 | 0 | 745,268 | 2,709,253 |
| 16 | Octave Specialty Group | 2024 | Daniel McGinnis | 425,000 | 420,896 | 0 | 304,500 | 1,165,380 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Octave Specialty Group | not disclosed | not disclosed | not disclosed | not disclosed |
| Bowhead Specialty Holdings Inc. | not disclosed | not disclosed | No | not disclosed |
| Goosehead Insurance, Inc. | not disclosed | Options 100 | not disclosed | independent Compensation Consultant |
| Hagerty, Inc. | 140% | PSU 100 | No | Mercer |
| HCI Group, Inc. | not disclosed | RSU 100 | not disclosed | not disclosed |
| Heritage Insurance Holdings, Inc. | 158% | PSU 62 · RSU 38 | No | not disclosed |
| Horace Mann Educators Corporation | not disclosed | PSU 60 · Options 20 · RSU 20 | Yes — TSR | Compensation Advisory Partners LLC (CAP) |
| James River Group Holdings, Ltd. | 77.1% | PSU 50 · RSU 50 | No | Aon's Human Capital Solutions practice |
| Palomar Holdings, Inc. | 176% | PSU 50 · RSU 50 | No | Pay Governance |
| ProAssurance Corporation | 200% | PSU 50 · RSU 50 | No | F.W. Cook |
| SiriusPoint Ltd. | 151.3% | PSU 75 · RSU 25 | No | Mercer |
| Skyward Specialty Insurance Group, Inc. | 150% | PSU 67 · RSU 33 | No | Frederic W. Cook & Co., Inc. |
| The Baldwin Insurance Group, Inc. | 111.6% | PSU 100 | Yes — Relative TSR v. Compensation Peer Group | Frederic W. Cook & Co., Inc. |
| Tiptree Inc. | not disclosed | not disclosed | No | Compensation Advisory Partners |
| Universal Insurance Holdings, Inc. | 160.5% | PSU 50 · RSU 50 | No | not disclosed |
| White Mountains Insurance Group, Ltd. | 200% | PSU 50 · RSU 50 | No | not disclosed |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Daniel McGinnis | DEF 14A | 2025-04-11 | 0000874501-25-000078 | Section “Executive Compensation”. As printed: 1,165,380. Filing ↗ |
| 2 | Section 06, 2026 vote | Form 8-K | 2026-05-29 | 0001628280-26-039234 | Item 5.07 · say-on-pay result. As reported: 70.02% (votes for as printed: 19,180,354). Filing ↗ |
| 3 | Section 06, 2025 vote | Form 8-K | 2025-05-30 | 0000874501-25-000095 | Item 5.07 · say-on-pay result. As reported: 78.75% (votes for as printed: 23,107,472). Filing ↗ |
| 4 | Section 06, 2023 vote | Form 8-K | 2023-06-22 | 0000874501-23-000109 | Item 5.07 · say-on-pay result. As reported: 75.49% (votes for as printed: 25,414,687). Filing ↗ |
| 5 | SiriusPoint Ltd., Section 10b CEO total | DEF 14A | 2026-04-10 | 0001174947-26-000480 | CEO total compensation as printed in SiriusPoint Ltd.'s own proxy. As printed: 9,824,137. Filing ↗machine: t194 · r1 · c8 · span 1029632–1029641 |
| 6 | Palomar Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-10 | 0002071876-26-000105 | CEO total compensation as printed in Palomar Holdings, Inc.'s own proxy. As printed: 8,961,148. Filing ↗machine: r1 · c6 · span 800817–800826 |
| 7 | Horace Mann Educators Corporation, Section 10b CEO total | DEF 14A | 2026-04-06 | 0000850141-26-000014 | CEO total compensation as printed in Horace Mann Educators Corporation's own proxy. As printed: 8,453,113. Filing ↗machine: r2 · c24 · span 614401–614410 |
| 8 | HCI Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001193125-26-191649 | CEO total compensation as printed in HCI Group, Inc.'s own proxy. As printed: 8,236,000. Filing ↗machine: span 700093–700102 |
| 9 | Tiptree Inc., Section 10b CEO total | DEF 14A | 2026-03-16 | 0001393726-26-000015 | CEO total compensation as printed in Tiptree Inc.'s own proxy. As printed: 8,215,284. Filing ↗machine: t33 · span 1072009–1072018 |
| 10 | White Mountains Insurance Group, Ltd., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001104659-26-038487 | CEO total compensation as printed in White Mountains Insurance Group, Ltd.'s own proxy. As printed: 8,064,309. Filing ↗machine: r1 · c17 · span 467331–467340 |
| 11 | ProAssurance Corporation, Section 10b CEO total | DEF 14A | 2025-04-11 | 0001875246-25-000023 | CEO total compensation as printed in ProAssurance Corporation's own proxy. As printed: 6,226,834. Filing ↗machine: t35 · r3 · c9 · span 415811–415820 |
| 12 | Skyward Specialty Insurance Group, Inc., Section 10b CEO total | DEF 14A | 2026-03-25 | 0001519449-26-000021 | CEO total compensation as printed in Skyward Specialty Insurance Group, Inc.'s own proxy. As printed: 5,532,117. Filing ↗machine: span 512894–512903 |
| 13 | Heritage Insurance Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001193125-26-197339 | CEO total compensation as printed in Heritage Insurance Holdings, Inc.'s own proxy. As printed: 5,341,897. Filing ↗machine: r2 · c27 · span 259277–259286 |
| 14 | The Baldwin Insurance Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-22 | 0001781755-26-000027 | CEO total compensation as printed in The Baldwin Insurance Group, Inc.'s own proxy. As printed: 5,253,032. Filing ↗machine: r3 · c45 · span 1118179–1118188 |
| 15 | Universal Insurance Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-24 | 0001193125-26-177529 | CEO total compensation as printed in Universal Insurance Holdings, Inc.'s own proxy. As printed: 5,240,829. Filing ↗machine: span 525027–525036 |
| 16 | Goosehead Insurance, Inc., Section 10b CEO total | DEF 14A | 2026-03-25 | 0001726978-26-000025 | CEO total compensation as printed in Goosehead Insurance, Inc.'s own proxy. As printed: 4,850,272. Filing ↗machine: t19 · r7 · c7 · span 485466–485475 |
| 17 | Hagerty, Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001628280-26-028911 | CEO total compensation as printed in Hagerty, Inc.'s own proxy. As printed: 4,732,132. Filing ↗machine: r2 · c12 · span 1379171–1379180 |
| 18 | Bowhead Specialty Holdings Inc., Section 10b CEO total | DEF 14A | 2026-03-16 | 0002002473-26-000006 | CEO total compensation as printed in Bowhead Specialty Holdings Inc.'s own proxy. As printed: 4,309,280. Filing ↗ |
| 19 | James River Group Holdings, Ltd., Section 10b CEO total | DEF 14A | 2025-09-17 | 0001104659-25-090550 | CEO total compensation as printed in James River Group Holdings, Ltd.'s own proxy. As printed: 2,709,253. Filing ↗machine: t54 · r1 · c49 · span 736315–736324 |
| 20 | Octave Specialty Group (subject), Section 10b CEO total | DEF 14A | 2025-04-11 | 0000874501-25-000078 | CEO total compensation as printed in Octave Specialty Group's own proxy. As printed: 1,165,380. Filing ↗ |
| 21 | Section 10a, Goosehead Insurance, Inc. reciprocity | DEF 14A | — | 0001726978-26-000025 | Goosehead Insurance, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 22 | Section 10a, Hagerty, Inc. reciprocity | DEF 14A | — | 0001628280-26-028911 | Hagerty, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 23 | Section 10a, HCI Group, Inc. reciprocity | DEF 14A | — | 0001193125-26-191649 | HCI Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 24 | Section 10a, Horace Mann Educators Corporation reciprocity | DEF 14A | — | 0000850141-26-000014 | Horace Mann Educators Corporation's most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 25 | Section 10a, James River Group Holdings, Ltd. reciprocity | DEF 14A | — | 0001104659-25-090550 | James River Group Holdings, Ltd.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 26 | Section 10a, ProAssurance Corporation reciprocity | DEF 14A | — | 0001875246-25-000023 | ProAssurance Corporation's most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 27 | Section 10a, SiriusPoint Ltd. reciprocity | DEF 14A | — | 0001174947-26-000480 | SiriusPoint Ltd.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 28 | Section 10a, Skyward Specialty Insurance Group, Inc. reciprocity | DEF 14A | — | 0001519449-26-000021 | Skyward Specialty Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 29 | Section 10a, The Baldwin Insurance Group, Inc. reciprocity | DEF 14A | — | 0001781755-26-000027 | The Baldwin Insurance Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |
| 30 | Section 10a, White Mountains Insurance Group, Ltd. reciprocity | DEF 14A | — | 0001104659-26-038487 | White Mountains Insurance Group, Ltd.'s most recent proxy was read; its disclosed peer group does not include Octave Specialty Group. Filing ↗ |