Companies Neptune Insurance Holdings
Neptune Insurance (NP): executive pay, fiscal 2025
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CEO pay, last three years
- $510,350FY2024
- $40,517,792FY2025
CEO total pay was $40,517,792 in fiscal 2025, up from $510,350 in fiscal 2024.
FY2025: salary $400,000 · bonus $300 · stock awards $39,659,280 · option awards $444,212
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| 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.
Three-year trend — total compensation per named executive
| 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.
Incentive-plan design — the Compensation Discussion & Analysis
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Jim Steiner | RSU | 535,665 | — | $15,619,991 |
| Matt Duffy | RSU | 791,853 | — | 23,090,433 |
| Trevor Burgess | RSU | 1,982,964 | — | 57,823,230 |
Director compensation
| 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 |
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 | — |
Total cost of the board
| 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.
Peer group, and who names Neptune Insurance as a peer
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.
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.
| 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.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (12 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Trevor Burgess. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 16. As printed: 40,517,792. View filing ↗
- Section 01, Matt Duffy. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 16. As printed: 17,377,687. View filing ↗
- Section 01, Jim Steiner. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 16. As printed: 12,146,539. View filing ↗
- Section 08, Cristian Melej. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 821,209. View filing ↗
- Section 08, Jonathan Carlon. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jim Steiner. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Mike Vostrizansky. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Trevor Burgess. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Blair J. Greenberg. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 0 + equity 789,480 + all other 0 = 789,480, summed across the director compensation table rows.
- Neptune Insurance Holdings (subject), Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Neptune Insurance Holdings's own proxy. As printed: 40,517,792. View filing ↗