Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 184

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 184
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 “Cause,” he will be entitled to full vesting of outstanding options and two years of compensation and benefits under his employment agreement. The agreement includes non-solicit and non-compete restrictive covenants that apply for one year following termination of employment and includes confidentiality/non-disclosure obligations.

Jesse Schalk. On January 31, 2023, we entered into an amended and restated employment agreement with Mr. Schalk, our
President and Chief Financial Officer, which provides for a term of employment through September 1, 2025 (subject to automatic renewal) unless terminated by either party on 90 days’ notice. Under his employment agreement, Mr. Schalk
is entitled to an annual base salary of $600,000, which has been increased to $630,000.28 for 2024. Additionally, pursuant to the terms of the employment agreement, Mr. Schalk is eligible to receive an annual performance bonus with a target
bonus amount of $100,000, with the achievement of such bonus to be determined by the Company’s board of directors, contingent upon satisfaction of performance goals based on Mr. Schalk’s performance during the calendar year as well as
the financial performance of the Company. For 2024, we paid Mr. Schalk an annual discretionary performance bonus of $1,500,000 based upon the achievement of 2024 individual and Company performance goals as determined by our board of directors
in its discretion. For the avoidance of doubt, employee compensation described in this section is paid by Slide Insurance Holdings, Inc., and not by any of its subsidiaries, including the Carrier. Additionally, none of the compensation described in
this section is included in the Carrier’s rate filings, and such compensation has no impact on rates charged by the Carrier.

As
contemplated by his employment agreement, on February 14, 2023, we granted to Mr. Schalk an option to purchase 75,000 shares of our common stock ( shares of our common stock, after giving effect to the Stock Split),
which vests in three equal annual installments on each of January 31 of 2024, 2025, and 2026, subject to Mr. Schalk’s continued employment or service through each vesting date as described further below in the discussion in the
footnotes following the “Outstanding Equity Awards at Fiscal Year End” table. Any options granted pursuant to the agreement that are unvested at the applicable time will be deemed terminated if either party terminates the agreement