secwatch.observer — SEC 8-K summary
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Issuer:     WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK:        0000776867
Form:       8-K
Filed at:   2021-12-02T23:59:59+00:00
Accession:  0000776867-21-000022
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White Mountains appoints Liam Caffrey CFO effective March 1, 2022; Reid Campbell transitions to President
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- Caffrey receives $500k base salary, 75% annual bonus target, LTI grant of 1,250 restricted and 1,250 performance shares for 2022-2024.
- Signing bonus of $975k payable in three equal annual installments; repayment required if Caffrey voluntarily leaves before March 15, 2024.
- Caffrey currently consulting under a $100k/month agreement through Feb 28, 2022; must repay if he does not join as CFO by March 15, 2022.
- Outgoing CFO Reid Campbell becomes President on March 1, 2022, maintaining duties except CFO, and will retire in February 2024.
- Caffrey previously CEO of Aon Affinity, global CFO of Aon Risk Solutions, and partner at McKinsey.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776867/000077686721000022/0000776867-21-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776867/000077686721000022/wtm-20211129.htm
  HTML page:      https://secwatch.observer/filing/0000776867-21-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer