CEO Trevor Burgess was paid $40,517,792 in fiscal year 2025, ↑ up 7839.2% from fiscal year 2024 (SEC filing 0002067129-26-000009 ↗): 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 |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Trevor Burgess | $400,000 | $300 | $39,659,280 | $444,212 | $0 | $0 | $14,000 | $40,517,792 |
| Chief Executive Officer and Chairman of the Board | ||||||||
| Matt Duffy | 312,500 | 1,300 | 15,837,060 | 1,214,305 | 0 | 0 | 12,522 | 17,377,687 |
| President and Chief Risk Officer, Neptune Flood | ||||||||
| Jim Steiner | 331,250 | 1,300 | 10,713,300 | 1,087,387 | 0 | 0 | 13,302 | 12,146,539 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Trevor Burgess | $40,517,792 | $510,350 | — | ↑ +40,007,442 |
| Matt Duffy | 17,377,687 | 411,694 | — | ↑ +16,965,993 |
| Jim Steiner | 12,146,539 | 268,732 | — | ↑ +11,877,807 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Blair J. Greenberg | Independent Director | — |
| Cristian Melej | Independent Director | $821,209 |
| Jonathan Carlon | Director | — |
| Mike Vostrizansky | Independent Director | — |
| Trevor Burgess | Chair of the Board | — |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Matt Duffy | RSU | 791,853 | — | $23,090,433 |
| Trevor Burgess | RSU | 1,982,964 | — | 57,823,230 |
| Jim Steiner | RSU | 535,665 | — | 15,619,991 |
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Cristian MelejIndependent · Audit (Chair) · Compensation (Chair) | $0 | $789,480 | $31,729 | — | $0 | $821,209 |
| Jonathan CarlonEmployee director | — | — | — | — | — | 0 |
| Jim SteinerEmployee director | — | — | — | — | — | 0 |
| Mike VostrizanskyIndependent · Audit · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| Trevor BurgessEmployee director · Board Chair | — | — | — | — | — | 0 |
| Blair J. GreenbergIndependent · Audit · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $789,480 |
| All other compensation | $0 |
| Total cost of the board | $789,480 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
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 | Neptune Insurance Holdings | 2025 | Trevor 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.
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.
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, Trevor Burgess | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Summary Compensation Table” · page 16. As printed: 40,517,792. Filing ↗machine: r2 · c21 · span 215810–215820 |
| 2 | Section 01, Matt Duffy | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Summary Compensation Table” · page 16. As printed: 17,377,687. Filing ↗machine: r8 · c21 · span 224137–224147 |
| 3 | Section 01, Jim Steiner | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Summary Compensation Table” · page 16. As printed: 12,146,539. Filing ↗machine: r5 · c21 · span 219961–219971 |
| 4 | Section 08, Cristian Melej | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Director Compensation”. As printed: 821,209. Filing ↗machine: span 145288–145414 |
| 5 | Section 08, Jonathan Carlon | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 6 | Section 08, Jim Steiner | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 7 | Section 08, Mike Vostrizansky | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 8 | Section 08, Trevor Burgess | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 9 | Section 08, Blair J. Greenberg | DEF 14A | 2026-04-17 | 0002067129-26-000009 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 11 | Section 09b board cost (computed) | Computed | — | — | Cash 0 + equity 789,480 + all other 0 = 789,480, summed across the director compensation table rows.machine: formula: Σ = 789,480 |
| 12 | Neptune Insurance Holdings (subject), Section 10b CEO total | DEF 14A | 2026-04-17 | 0002067129-26-000009 | CEO total compensation as printed in Neptune Insurance Holdings's own proxy. As printed: 40,517,792. Filing ↗machine: r2 · c21 · span 215810–215820 |
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