Arch Capital appoints Papadopoulo to exec committee; grants $23M outperformance award

ARCH CAPITAL GROUP LTD.

Nicolas Papadopoulo appointed to Executive Committee of the Board, effective Nov 7, 2024.
Compensation Committee approved special Outperformance Award for new CEO with total grant date value of $23 million.
Award: 70% in premium-priced stock options (exercise price 1.685x closing price, vest 3rd anniversary, 10-year term).
Award: 30% in time-vested restricted shares (vest in 3 equal annual installments, held until 5th anniversary).
CEO must comply with non-competition covenants; net shares held for 2 years post-exercise or 5 years post-vest.

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