James River board increases 2023 STI payouts for executives, adjusts RSU treatment for Heinlein due to JRG Re sale

James River Group Holdings, Inc.

Board approved discretionary increase to STI payouts, adjusting for strategic activities including sale of renewal rights, JRG Re transaction, and strategic alternatives.
CEO Frank D'Orazio receives $773,300 (80% of target); CFO Sarah Doran receives $457,600 (80% of target).
Other named executives: Schmitzer $556,063 (83%), Heinlein $269,556 (71.7%), Hoffmann $265,200 (80%), McCafferty $385,325 (88.7%, pro-rated).
Board waived service requirements for Heinlein's unvested RSUs; Service-Based RSUs cashed out, Performance-Based RSUs settled pro-rata based on actual performance.

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