---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-046968"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:42:53.151866+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HCI Group enters new CEO employment agreement with Paresh Patel; grants 200k performance-based restricted shares

## Summary
- CEO Paresh Patel's base salary remains $950,000 under the five-year term ending April 2029.
- 200,000 restricted shares awarded; vest equally over four years starting March 2025 only if HCI stock hits $200 for 30 consecutive trading days.
- No other changes to executive compensation or company guidance disclosed.

## SEC filing metadata
- accession: 0000950170-24-046968
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017024046968/0000950170-24-046968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017024046968/hci-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046968
- JSON: https://secwatch.observer/filing/0000950170-24-046968.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046968.txt

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