Octave Specialty Group (OSG) executive compensation, 2026 proxy

Claude LeBlanc, President and Chief Executive Officer, was paid $10.4M in 2025, up 63% from $6.3M the year before. The CEO-to-median-employee pay ratio was 110:1, on median employee pay of $94,474.

Filed
April 10, 2026
Annual meeting
May 28, 2026
Pay year
2025
Named executives
6
CEO total pay
$10.4M+63% vs prior year
CEO to median employee
110:1median $94,474
CEO pay in equity
73%$7.6M in awards
Prior say-on-pay support
79%of votes cast
CEO Target Bonus Percentage
125%Percentage of base salary
STIP Financial Payout
84%Weighted percentage of target
Legacy Sale Proceeds
$420MPlus post-closing adjustment
Share Repurchases
$30MOver 3.4 million shares

How LeBlanc was paid

$10.4M 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.

Salary9%Bonus9%Stock awards59%Option awards14%Non-equity incentive9%All other compensation0%

Named executive officers

ExecutiveTotal
Claude LeBlancPresident and Chief Executive Officer$10,356,228
David TrickExecutive Vice President, Chief Financial Officer and Treasurer$4,262,734
R. Sharon SmithExecutive Vice President and Group Chief Operating Officer$3,559,351
Lawrence F. MetzSenior Managing Director and General Counsel$273,637
Stephen M. KsenakFormer Senior Managing Director and Chief Legal Officer$3,704,762
Daniel McGinnisFormer Senior Managing Director and Chief Operating Officer$2,312,497

What changed and why

  • $10.4MCEO total compensation increased to $10,356,228 in fiscal 2025.
  • 84%Short Term Incentive Plan generated a payout of approximately 84% of target.
  • 70%Long Term Incentive Plan awards were delivered 70% in PSUs and 30% in RSUs.
  • Special transaction bonuses and performance stock options were awarded following the sale of the legacy business.

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.