Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2025-05-28

Maiden Holdings (MHLA)

CEO Patrick Haveron was paid $1,703,822 in fiscal year 2023, ↓ down 24.6% from fiscal year 2022 (SEC filing 0001412100-24-000032 ↗): 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.

$1,703,822 ↓
Patrick Haveron total, FY2023
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.07%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Patrick Haveron (Chief Executive Officer and Chief Financial Officer), FY2023 total compensation $1,703,822 (base salary $875,000) [exec_comp, SEC accession 0001412100-24-000032, filed 2024-03-27]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Patrick Haveron$875,000$0$789,315$0$0$0$39,507$1,703,822
Chief Executive Officer and Chief Financial Officer
Lawrence Metz725,000100,000649,315000147,0021,621,317
Executive Vice Chairman and Group President
William Jarman437,610150,000175,0000002,727765,337
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.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Patrick Haveron$1,703,822$2,260,510$3,144,062↓ −556,688
Lawrence Metz1,621,3172,256,1393,143,404↓ −634,822
William Jarman765,337825,016790,700↓ −59,679

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

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Companies that benchmark against MHLA
No companies currently name MHLA as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2023 total
Barry D. ZyskindDirector—
Holly L. BlanchardIndependent Director$190,000
Keith A. ThomasIndependent Director$190,000
Raymond M. NeffIndependent Director$165,000
Simcha G. LyonsIndependent Director$165,000
Steven H. NigroLead Independent Director$220,000
Yehuda L. NeubergerIndependent Director$165,000
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Lawrence F. MetzSee Remarks2025-03-14D109,070$1$85,075CommonForm 4 ↗
Lawrence F. MetzSee Remarks2025-03-14A228,41700CommonForm 4 ↗
Patrick J. HaveronSee Remarks2025-03-14D126,439198,622CommonForm 4 ↗
Patrick J. HaveronSee Remarks2025-03-14A341,72600CommonForm 4 ↗
Patrick J. HaveronSee Remarks2025-03-17D42,631132,400CommonForm 4 ↗
Patrick J. HaveronSee Remarks2025-03-17A115,21700CommonForm 4 ↗
Lawrence F. MetzSee Remarks2025-03-17D40,484130,768CommonForm 4 ↗
Lawrence F. MetzSee Remarks2025-03-17A84,78200CommonForm 4 ↗
Mark O. HeintzmanSenior Vice President Finance2025-03-31A65,21700CommonForm 4 ↗
William JarmanSVP & Chief Actuary2025-03-31D30,09200CommonForm 4 ↗
William JarmanSVP & Chief Actuary2025-03-31A76,08600CommonForm 4 ↗
William JarmanSVP & Chief Actuary2025-05-27D208,249——CommonForm 4 ↗
Keith A. ThomasDirector2025-05-27D30,516——CommonForm 4 ↗
Keith A. ThomasDirector2025-05-27D105,701——CommonForm 4 ↗
Steven H. NigroDirector2025-05-27D6,000——Derivative, Class A CommonForm 4 ↗
Steven H. NigroDirector2025-05-27D6,000——Derivative, Class A CommonForm 4 ↗
Steven H. NigroDirector2025-05-27D35,211——CommonForm 4 ↗
Steven H. NigroDirector2025-05-27D244,807——CommonForm 4 ↗
Raymond M. NeffDirector2025-05-27D6,000——Derivative, Class A CommonForm 4 ↗
Raymond M. NeffDirector2025-05-27D6,000——Derivative, Class A CommonForm 4 ↗
Raymond M. NeffDirector2025-05-27D30,516——CommonForm 4 ↗
Holly L. BlanchardDirector2025-05-27D30,516——CommonForm 4 ↗
Holly L. BlanchardDirector2025-05-27D131,132——CommonForm 4 ↗
Patrick J. HaveronSee Remarks2025-05-27D341,727——CommonForm 4 ↗
Patrick J. HaveronSee Remarks2025-05-27D2,536,262——CommonForm 4 ↗
Mark O. HeintzmanSenior Vice President Finance2025-05-27D104,432——CommonForm 4 ↗
Simcha G. LyonsDirector2025-05-27D6,000——Derivative, Class A CommonForm 4 ↗
Simcha G. LyonsDirector2025-05-27D30,516——CommonForm 4 ↗
Barry D. ZyskindDirector2025-05-27D6,374,292——CommonForm 4 ↗
William JarmanSVP & Chief Actuary2025-05-27D107,527——CommonForm 4 ↗
Raymond M. NeffDirector2025-05-27D644,072——CommonForm 4 ↗
Mark O. HeintzmanSenior Vice President Finance2025-05-27D107,527——CommonForm 4 ↗
Simcha G. LyonsDirector2025-05-27D6,000——Derivative, Class A CommonForm 4 ↗
Simcha G. LyonsDirector2025-05-27D206,525——CommonForm 4 ↗
Lawrence F. MetzSee Remarks2025-05-27D228,418——CommonForm 4 ↗
Lawrence F. MetzSee Remarks2025-05-27D1,823,552——CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William JarmanRSA—————$175,000
Lawrence MetzRSA—————649,315
Patrick HaveronRSA—————789,315
03b

Vehicle mix — grant-date fair value by award type

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.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Patrick HaveronRSU172,826—$395,772
Lawrence MetzRSU169,565—388,304
William JarmanRSU78,431—179,607
Patrick HaveronPSU225,490—516,372
William JarmanRSU76,086—174,237
Lawrence MetzPSU225,490—516,372
Lawrence MetzRSU127,174—291,228
Patrick HaveronRSU230,434—527,694
05

Incentive-plan design — the Compensation Discussion & Analysis

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—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20192019-12-1044,421,573873,00050,31998.07%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20192019-12-1098.07%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.

08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Steven H. NigroIndependent · Lead Independent Director · Audit (Chair) · Compensation$145,000$75,000$0$0$0$220,000
Holly L. BlanchardIndependent · Nominating/Governance (Chair) · Audit125,00065,000000190,000
Keith A. ThomasIndependent · Compensation (Chair) · Nominating/Governance125,00065,000000190,000
Yehuda L. NeubergerIndependent165,0000000165,000
Raymond M. NeffIndependent · Audit · Compensation100,00065,000000165,000
Simcha G. LyonsIndependent · Nominating/Governance · Audit100,00065,000000165,000
Patrick J. HaveronEmployee director000—00
Barry D. ZyskindNot independent000000
Lawrence F. MetzEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$65,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2023
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.

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
1Maiden Holdings2023Patrick 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.

10d

Frequently asked questions

Who was the highest-paid executive at Maiden Holdings in fiscal 2023?
As disclosed, Patrick Haveron (Chief Executive Officer and Chief Financial Officer) was the highest-paid executive at Maiden Holdings in fiscal 2023, with total compensation of $1,703,822.
How did shareholders vote on Maiden Holdings's executive compensation?
As disclosed, 98.07% of shareholders supported Maiden Holdings's executive compensation in the latest say-on-pay vote.
How much does Maiden Holdings spend in total on board compensation for fiscal 2023?
As disclosed, Maiden Holdings reported total board compensation of $1,095,000 for fiscal 2023.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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, Patrick HaveronDEF 14A2024-03-270001412100-24-000032Section “2023 SUMMARY COMPENSATION TABLE”. As printed: 1,703,822. Filing ↗machine: t19 · r2 · c26 · span 204443–204452
2Section 01, Lawrence MetzDEF 14A2024-03-270001412100-24-000032Section “2023 SUMMARY COMPENSATION TABLE”. As printed: 1,621,317. Filing ↗machine: t19 · r4 · c26 · span 212882–212891
3Section 01, William JarmanDEF 14A2024-03-270001412100-24-000032Section “2023 SUMMARY COMPENSATION TABLE”. As printed: 765,337. Filing ↗machine: t19 · r6 · c26 · span 221295–221302
4Section 03, William Jarman RSADEF 14A2024-03-270001412100-24-000032Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t19 · r6 · c13 · span 219639–219646
5Section 03, Lawrence Metz RSADEF 14A2024-03-270001412100-24-000032Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t19 · r4 · c13 · span 211224–211231
6Section 03, Patrick Haveron RSADEF 14A2024-03-270001412100-24-000032Section “SUMMARY COMPENSATION TABLE” · grants of plan-based awards table. Filing ↗machine: t19 · r2 · c13 · span 202583–202590
7Section 08, Steven H. NigroDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 220,000. Filing ↗machine: t24 · r7 · c8 · span 382878–383015
8Section 08, Holly L. BlanchardDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 190,000. Filing ↗machine: t24 · r3 · c8 · span 376777–376914
9Section 08, Keith A. ThomasDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 190,000. Filing ↗machine: t24 · r8 · c8 · span 384402–384539
10Section 08, Yehuda L. NeubergerDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t24 · r6 · c2 · span 380508–380645
11Section 08, Raymond M. NeffDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t24 · r5 · c8 · span 379825–379962
12Section 08, Simcha G. LyonsDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t24 · r4 · c8 · span 378301–378438
13Section 08, Patrick J. HaveronDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Barry D. ZyskindDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 0. Filing ↗
15Section 08, Lawrence F. MetzDEF 14A2024-03-270001412100-24-000032Section “Director Compensation”. As printed: 0. Filing ↗
16Section 02, Lawrence F. Metz 2025-03-14Form 42025-03-180001412100-25-000014Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Lawrence F. Metz 2025-03-14Form 42025-03-180001412100-25-000014Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Patrick J. Haveron 2025-03-14Form 42025-03-180001412100-25-000015Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Patrick J. Haveron 2025-03-14Form 42025-03-180001412100-25-000015Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Patrick J. Haveron 2025-03-17Form 42025-03-180001412100-25-000015Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Patrick J. Haveron 2025-03-17Form 42025-03-180001412100-25-000015Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Lawrence F. Metz 2025-03-17Form 42025-03-180001412100-25-000014Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Lawrence F. Metz 2025-03-17Form 42025-03-180001412100-25-000014Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Mark O. Heintzman 2025-03-31Form 42025-04-010001412100-25-000023Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, William Jarman 2025-03-31Form 42025-04-010001412100-25-000024Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, William Jarman 2025-03-31Form 42025-04-010001412100-25-000024Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, William Jarman 2025-05-27Form 42025-05-280001412100-25-000062Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Keith A. Thomas 2025-05-27Form 42025-05-280001412100-25-000063Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Keith A. Thomas 2025-05-27Form 42025-05-280001412100-25-000063Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Steven H. Nigro 2025-05-27Form 42025-05-280001412100-25-000064Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Steven H. Nigro 2025-05-27Form 42025-05-280001412100-25-000064Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Steven H. Nigro 2025-05-27Form 42025-05-280001412100-25-000064Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Steven H. Nigro 2025-05-27Form 42025-05-280001412100-25-000064Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Raymond M. Neff 2025-05-27Form 42025-05-280001412100-25-000065Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Raymond M. Neff 2025-05-27Form 42025-05-280001412100-25-000065Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Raymond M. Neff 2025-05-27Form 42025-05-280001412100-25-000065Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Holly L. Blanchard 2025-05-27Form 42025-05-280001412100-25-000067Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Holly L. Blanchard 2025-05-27Form 42025-05-280001412100-25-000067Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Patrick J. Haveron 2025-05-27Form 42025-05-280001412100-25-000070Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Patrick J. Haveron 2025-05-27Form 42025-05-280001412100-25-000070Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Mark O. Heintzman 2025-05-27Form 42025-05-280001412100-25-000066Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Simcha G. Lyons 2025-05-27Form 42025-05-280001412100-25-000068Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Simcha G. Lyons 2025-05-27Form 42025-05-280001412100-25-000068Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Barry D. Zyskind 2025-05-27Form 42025-05-280001412100-25-000061Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, William Jarman 2025-05-27Form 42025-05-280001412100-25-000062Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Raymond M. Neff 2025-05-27Form 42025-05-280001412100-25-000065Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Mark O. Heintzman 2025-05-27Form 42025-05-280001412100-25-000066Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Simcha G. Lyons 2025-05-27Form 42025-05-280001412100-25-000068Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Simcha G. Lyons 2025-05-27Form 42025-05-280001412100-25-000068Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Lawrence F. Metz 2025-05-27Form 42025-05-280001412100-25-000069Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Lawrence F. Metz 2025-05-27Form 42025-05-280001412100-25-000069Insider equity transaction reported since the proxy statement. Filing ↗
52Section 06, 2019 voteForm 8-K2019-12-100001412100-19-000078Item 5.07 · say-on-pay result. As reported: 98.07%. Filing ↗
53Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
54Section 09b board cost (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
55Maiden Holdings (subject), Section 10b CEO totalDEF 14A2024-03-270001412100-24-000032CEO total compensation as printed in Maiden Holdings's own proxy. As printed: 1,703,822. Filing ↗machine: t19 · r2 · c26 · span 204443–204452

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