Fiscal year 2023 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 |
|---|---|---|---|---|---|---|---|---|
| Patrick Haveron | $875,000 | $0 | $789,315 | $0 | $0 | $0 | $39,507 | $1,703,822 |
| Chief Executive Officer and Chief Financial Officer | ||||||||
| Lawrence Metz | 725,000 | 100,000 | 649,315 | 0 | 0 | 0 | 147,002 | 1,621,317 |
| Executive Vice Chairman and Group President | ||||||||
| William Jarman | 437,610 | 150,000 | 175,000 | 0 | 0 | 0 | 2,727 | 765,337 |
| Senior Vice President, Chief Actuary and Chief Risk 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 | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Patrick Haveron | $1,703,822 | $2,260,510 | — | −556,688 |
| Lawrence Metz | 1,621,317 | 2,256,139 | — | −634,822 |
| William Jarman | 765,337 | 825,016 | — | −59,679 |
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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| William Jarman | RSA | — | — | — | — | — | $175,000 |
| Lawrence Metz | RSA | — | — | — | — | — | 649,315 |
| Patrick Haveron | RSA | — | — | — | — | — | 789,315 |
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Patrick Haveron | RSU | 172,826 | — | $395,772 |
| Lawrence Metz | RSU | 169,565 | — | 388,304 |
| William Jarman | RSU | 78,431 | — | 179,607 |
| Patrick Haveron | PSU | 225,490 | — | 516,372 |
| William Jarman | RSU | 76,086 | — | 174,237 |
| Lawrence Metz | PSU | 225,490 | — | 516,372 |
| Lawrence Metz | RSU | 127,174 | — | 291,228 |
| Patrick Haveron | RSU | 230,434 | — | 527,694 |
The core objectives of our executive compensation program are to: (i) attract and retain talented executive officers; (ii) further align the financial interests of our executive officers with those of our shareholders; and (iii) compensate our executive officers based on their overall performance.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2019 | 2019-12-10 | 44,421,573 | 873,000 | 50,319 | 98.07% | 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 |
|---|---|---|
| 2019 | 2019-12-10 | 98.07%a |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on this proposal.”.
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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Steven H. NigroIndependent · Lead Independent Director · Audit (Chair) · Compensation | $145,000 | $75,000 | $0 | $0 | $0 | $220,000 |
| Keith A. ThomasIndependent · Compensation (Chair) · Nominating/Governance | 125,000 | 65,000 | 0 | 0 | 0 | 190,000 |
| Holly L. BlanchardIndependent · Nominating/Governance (Chair) · Audit | 125,000 | 65,000 | 0 | 0 | 0 | 190,000 |
| Simcha G. LyonsIndependent · Nominating/Governance · Audit | 100,000 | 65,000 | 0 | 0 | 0 | 165,000 |
| Raymond M. NeffIndependent · Audit · Compensation | 100,000 | 65,000 | 0 | 0 | 0 | 165,000 |
| Yehuda L. NeubergerIndependent | 165,000 | 0 | 0 | 0 | 0 | 165,000 |
| Lawrence F. MetzEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Barry D. ZyskindNot independent · Board Chair | 0 | 0 | 0 | 0 | 0 | 0 |
| Patrick J. HaveronEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $65,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $760,000 |
| Equity awards (grant-date value) | $335,000 |
| All other compensation | $0 |
| Total cost of the board | $1,095,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Maiden Holdings | 2023 | Patrick Haveron | $875,000 | $789,315 | $0 | $0 | $1,703,822 |
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.
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, Patrick Haveron | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “2023 SUMMARY COMPENSATION TABLE”. As printed: 1,703,822. Filing ↗machine: t19 · r2 · c26 · span 204443–204452 |
| 2 | Section 01, Lawrence Metz | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “2023 SUMMARY COMPENSATION TABLE”. As printed: 1,621,317. Filing ↗machine: t19 · r4 · c26 · span 212882–212891 |
| 3 | Section 01, William Jarman | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “2023 SUMMARY COMPENSATION TABLE”. As printed: 765,337. Filing ↗machine: t19 · r6 · c26 · span 221295–221302 |
| 4 | Section 03, William Jarman RSA | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t19 · r6 · c13 · span 219639–219646 |
| 5 | Section 03, Lawrence Metz RSA | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t19 · r4 · c13 · span 211224–211231 |
| 6 | Section 03, Patrick Haveron RSA | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t19 · r2 · c13 · span 202583–202590 |
| 7 | Section 08, Steven H. Nigro | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 220,000. Filing ↗machine: t24 · r7 · c8 · span 382995–383002 |
| 8 | Section 08, Keith A. Thomas | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 190,000. Filing ↗machine: t24 · r8 · c8 · span 384519–384526 |
| 9 | Section 08, Holly L. Blanchard | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 190,000. Filing ↗machine: t24 · r3 · c8 · span 376894–376901 |
| 10 | Section 08, Simcha G. Lyons | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t24 · r4 · c8 · span 378418–378425 |
| 11 | Section 08, Raymond M. Neff | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t24 · r5 · c8 · span 379942–379949 |
| 12 | Section 08, Yehuda L. Neuberger | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t24 · r6 · c2 · span 380625–380632 |
| 13 | Section 08, Lawrence F. Metz | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 08, Barry D. Zyskind | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, Patrick J. Haveron | DEF 14A | 2024-03-27 | 0001412100-24-000032 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 06, 2019 vote | Form 8-K | 2019-12-10 | 0001412100-19-000078 | Item 5.07 · say-on-pay result. As reported: 98.07%. Filing ↗ |
| 17 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 18 | Section 09b board cost (computed) | Computed | — | computed | Cash 760,000 + equity 335,000 + all other 0 = 1,095,000, summed across the director compensation table rows.machine: formula: Σ = 1,095,000 |
| 19 | Maiden Holdings (subject), Section 10b CEO total | DEF 14A | 2024-03-27 | 0001412100-24-000032 | CEO total compensation as printed in Maiden Holdings's own proxy. As printed: 1,703,822. Filing ↗machine: t19 · r2 · c26 · span 204443–204452 |