secwatch.observer — SEC 8-K summary
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Issuer:     EVEREST GROUP, LTD. (EG)
CIK:        0001095073
Form:       8-K/A
Filed at:   2025-03-28T23:59:59+00:00
Accession:  0001095073-25-000027
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Everest Group finalizes employment agreement with CEO James Williamson; $1.25M base salary, retention grant
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- Base salary $1,250,000; target annual cash bonus 200% of base salary; target annual equity award 420% of base salary.
- One-time retention grant of $2,500,000 in restricted shares approved, vesting consistent with 2025 named executive officer grants.
- Contract term runs through Jan 21, 2027, with automatic one-year renewals; one-year non-compete and non-solicitation clauses.
- Upon termination without cause or for good reason, severance of 150% of base salary paid over 12 months plus continued equity vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095073/000109507325000027/0001095073-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095073/000109507325000027/everestre-20250122.htm
  HTML page:      https://secwatch.observer/filing/0001095073-25-000027

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