Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 277

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 277
---
 Board, did not receive any compensation for his services as a director in 2024. Likewise, Messrs. Humphreys, Lohr, and Saffer did not receive any compensation for their services as a director in 2024. All directors are reimbursed for travel and other related expenses incurred while attending Board meetings.

Senior Management Compensation

In relation to 2024 , the members of senior management identified as executive officers in “Management and Corporate Governance—Directors and Executive Officers” (including Mr. Cloutier) have been awarded approximately $21.3 million in aggregate compensation. This is comprised of: (i) base salary of approximately $5.9 million; (ii) discretionary bonuses, which include annual bonuses paid in 2025 for service during 2024 of approximately $13.1 million ; and (iii) pension, retirement, and other benefits of approximately $2.2 million .

As of December 31, 2024 , there were no equity compensation plans under which equity securities of the Company were authorized for issuance.

#### 2025 Equity and Incentive Plan
In connection with this offering, the Board expects to adopt, and our current shareholder expects to approve, the 2025 Incentive Plan prior to the effective date of this offering.

The purposes of the 2025 Incentive Plan are to (i) align the interests of our shareholders and those eligible for awards under the 2025 Incentive Plan by increasing the proprietary interest of such recipients in our growth and success, (ii) advance the interests of the Company by attracting and retaining officers, other employees, non-employee directors and other service providers and (iii) motivate such persons to act in our long-term best interests and those of our shareholders.

The 2025 Incentive Plan provides for the grant of incentive share options (within the meaning of the Code), nonqualified share options, share appreciation rights, restricted shares awards, restricted share units, other share awards, and performance awards. Officers, non-employee directors, employees and other service providers, and those expected to become officers, non-employee directors, employees and other service providers, are eligible to receive such awards, as the Board, or a sub-committee thereof, may determine from time to time. Participants will also include recipients of replacement awards that will be granted in substitution for legacy share options previously granted by Highlands Manco 2 Ltd. The material terms of the 2025 Incentive Plan are as follows:

Shares Subject to