Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

Ategrity Specialty Insurance Co Holdings (ASIC)

Fiscal year 2025 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.

$1,560,154
Chris Schenk total, FY2025
President and Chief Underwriting Officerhighest-paid officer; CEO Justin Cohen: $369,521
CEO (Justin Cohen) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against ASIC
1 company names ASIC as a compensation peer

Each company listed discloses ASIC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ASIC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Chris Schenk$542,654$1,000,000$0$0$0$0$17,500$1,560,154
President and Chief Underwriting Officer
Neelam Patel410,769550,000000046,8291,007,598
Chief Financial Officer
Justin Cohen69,521300,00000000369,521
Chief Executive 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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Chris Schenk$1,560,154$1,035,500+524,654
Neelam Patel1,007,598882,692+124,906
Justin Cohen369,5213,465,312−3,095,791

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Justin CohenOption2,541,4079.38
Chris SchenkOption309,49610.66
Chris SchenkOption225,08821.32
Chris SchenkOption225,08831.99
Chris SchenkOption5,86210.66
Chris SchenkOption21,98110.66
Neelam PatelOption75,03010.66
05

Incentive-plan design — the Compensation Discussion & Analysis

The company provides a fixed base salary intended to compensate for services rendered, reflecting the executive's skill set, experience, role, and responsibilities. Long-term incentives are provided through stock options to align executive interests with stockholders, and the company offers a 401(k) plan with matching contributions to incentivize employees.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$50,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Ategrity Specialty Insurance Co Holdings2025Justin Cohen$69,521$0$0$0$369,521

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Chris SchenkDEF 14A2026-04-300002040491-26-000020Section “Executive Compensation”. As printed: 1,560,154. Filing ↗machine: span 182355–182364
2Section 01, Neelam PatelDEF 14A2026-04-300002040491-26-000020Section “Executive Compensation”. As printed: 1,007,598. Filing ↗machine: span 190216–190225
3Section 01, Justin CohenDEF 14A2026-04-300002040491-26-000020Section “Executive Compensation”. As printed: 369,521. Filing ↗machine: span 174628–174635
4Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
5Ategrity Specialty Insurance Co Holdings (subject), Section 10b CEO totalDEF 14A2026-04-300002040491-26-000020CEO total compensation as printed in Ategrity Specialty Insurance Co Holdings's own proxy. As printed: 369,521. Filing ↗machine: span 174628–174635