Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-17

Neptune Insurance Holdings (NP)

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.

$40,517,792
Trevor Burgess total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against NP
No companies currently name NP as a compensation peer in their most recent disclosure.

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Trevor Burgess$400,000$300$39,659,280$444,212$0$0$14,000$40,517,792
Chief Executive Officer and Chairman
Matt Duffy312,5001,30015,837,0601,214,3050012,52217,377,687
President and Chief Risk Officer, Neptune Flood
Jim Steiner331,2501,30010,713,3001,087,3870013,30212,146,539
Chief Financial Officer, Secretary and Director

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
Trevor Burgess$40,517,792
Matt Duffy17,377,687
Jim Steiner12,146,539

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
Trevor BurgessRSU1,982,964$57,823,230
Matt DuffyRSU791,85323,090,433
Jim SteinerRSU535,66515,619,991
05

Incentive-plan design — the Compensation Discussion & Analysis

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

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Name ofBeneficialOwner
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
1Neptune Insurance Holdings2025Trevor Burgess$400,000$39,659,280$444,212$0$40,517,792

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, Trevor BurgessDEF 14A2026-04-170002067129-26-000009Section “Summary Compensation Table” · page 16. As printed: 40,517,792. Filing ↗machine: r2 · c21 · span 215810–215820
2Section 01, Matt DuffyDEF 14A2026-04-170002067129-26-000009Section “Summary Compensation Table” · page 16. As printed: 17,377,687. Filing ↗machine: r8 · c21 · span 224137–224147
3Section 01, Jim SteinerDEF 14A2026-04-170002067129-26-000009Section “Summary Compensation Table” · page 16. As printed: 12,146,539. Filing ↗machine: r5 · c21 · span 219961–219971
4Neptune Insurance Holdings (subject), Section 10b CEO totalDEF 14A2026-04-170002067129-26-000009CEO total compensation as printed in Neptune Insurance Holdings's own proxy. As printed: 40,517,792. Filing ↗machine: r2 · c21 · span 215810–215820