Selective Insurance discloses Interim CFO Harnett's compensation: $603K base, severance 1.5x salary plus avg bonus

SELECTIVE INSURANCE GROUP INC

Anthony D. Harnett appointed Interim CFO effective Nov 4, 2023; base salary rises to $603,460 while serving in that role.
2023 ACIP target calculated as 75% x 70% of CAO base ($342,770) + 25% x 150% of Interim CFO base.
2024 LTIP award recommended at $365,000 target; severance equals 1.5x base plus average of recent ACIP awards.
Employment agreement includes COBRA reimbursement for 12 months and full vesting of equity upon qualifying termination.
Severance and change-in-control benefits subject to release and restrictive covenants (confidentiality, non-solicitation).

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