secwatch.observer — SEC 8-K summary
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Issuer:     James River Group Holdings, Inc. (JRVR)
CIK:        0001620459
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001620459-24-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620459/000162045924000026/0001620459-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620459/000162045924000026/jrvr-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001620459-24-000026

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