---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-049205"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T10:29:52.361566+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# HCI Group sets CEO cash bonus plan tied to 2023 EBT threshold of $35M, awards 150K option

## Summary
- CEO Paresh Patel eligible for cash bonus up to $2.4M if consolidated 2023 pre-tax earnings exceed $35M threshold.
- Bonus paid in three equal installments through March 2026; forfeited if 2023 accident year claims materially exceed recorded losses.
- Bonus subject to clawback upon restatement for material noncompliance; committee retains discretion to adjust.
- Also granted option for 150K shares at $70, vesting when closing price exceeds $80 for 20 consecutive trading days, 10-year term.

## SEC filing metadata
- accession: 0000950170-23-049205
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017023049205/0000950170-23-049205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017023049205/hci-20230915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-049205
- JSON: https://secwatch.observer/filing/0000950170-23-049205.json
- Plain text: https://secwatch.observer/filing/0000950170-23-049205.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.