How Ritchie was paid
$3.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Robert RitchieChief Executive Officer | $866,667 | $459,125 | $2,497,500 | — | $3,823,292 |
| Jon RitchiePresident | $700,000 | $4,402,078 | $1,005,000 | $12,000 | $6,119,078 |
| Ben LurieChief Financial Officer | $425,000 | $2,152,708 | $801,000 | $176,611 | $3,555,319 |
| David ClarkChairman | $587,500 | $193,313 | $1,005,000 | — | $1,785,813 |
What changed and why
- $3.8MChief Executive Officer Robert Ritchie received total compensation of $3,823,292 for fiscal year 2025.
- $867KRobert Ritchie's base salary increased to $866,667 from $750,000 in the prior fiscal year.
- Named executive officers earned non-equity incentive plan compensation based on adjusted return on equity and combined ratio.
- $4.4MJon Ritchie received stock awards valued at $4,402,078 in connection with the initial public offering.
- Ben Lurie transitioned from Chief Financial Officer to a consulting role in April 2026.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.