Corporate GovernanceJun 15, 2026, 04:32 PM
HCI Group Establishes New Non-Employee Director Compensation Plan
AI Summary
HCI Group, Inc. announced that its compensation committee established a new compensation plan for non-employee directors, effective June 11, 2026. Under the plan, each director will receive an annual cash retainer of $100,000, paid quarterly, along with 750 shares of restricted common stock. These shares are subject to transfer restrictions until May 27, 2027, though directors will retain dividend and other ownership rights during this period.
Key Highlights
- Each non-employee director will receive an annual cash compensation of $100,000, payable quarterly.
- Each non-employee director will receive 750 shares of restricted common stock annually.
- The restricted shares are subject to transfer restrictions until May 27, 2027.
- Directors are entitled to dividends and all other ownership rights during the restriction period.
Price Impact
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