secwatch.observer — SEC 8-K summary
======================================

Issuer:     EVEREST GROUP, LTD. (EG)
CIK:        0001095073
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001095073-24-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Mike Karmilowicz appointed Chairman of Everest Global Insurance with increased bonus and equity targets
--------------------------------------------------------------------------------

- Base salary unchanged at $800,000; target annual bonus increased to 140% of base, paid at target for 2024.
- Target equity compensation increased to 160% of base salary for fiscal year prior to grant determination.
- If resignation before January 1, 2025, treated as resignation for 'Good Reason' under the agreement.
- Agreement includes 8-month non-competition and 16-month non-solicitation, non-interference, non-disparagement covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095073/000109507324000012/0001095073-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095073/000109507324000012/everestre-20240324.htm
  HTML page:      https://secwatch.observer/filing/0001095073-24-000012

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