secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000950170-24-046968
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024046968/0000950170-24-046968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017024046968/hci-20240417.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-046968

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