Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 162

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 162
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 increase annually during the contract term and is now $898,880.06. Additionally, Mr. Lucas is eligible to receive an annual performance bonus with a target amount to be determined by the Company’s board of directors. The bonus is discretionary and based on his performance during the applicable calendar year. For 2024, we paid Mr. Lucas an annual discretionary performance bonus of $14,424,933 based upon the achievement of 2024 individual and Company performance goals, and for outperforming numerous long-term KPI’s and financial benchmarks, as determined by our board of directors in its discretion. In exchange for this one-time bonus, Mr. Lucas has agreed to reduce his maximum compensation for 2025 to be more in line with comparable executives in the industry. For the avoidance of doubt, all 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 October 8, 2021, we granted to Mr. Lucas (i) an option to purchase 200,000 shares of our common stock, which vested with respect to 50,000 options on September 13, 2022 and thereafter vests monthly in the amount of 1,250 options and (ii) an option to purchase 400,000 shares of our common stock, of which 50,000 shares underlying this option will vest and become exercisable upon (A) each date on which the Company first attains “annual gross written premium plus Company revenue” of at 111

least $100,000,000, $150,000,000, $200,000,000, and $250,000,000; and (B) the achievement of positive EBITDA in each of calendar years 2022, 2023, 2024 and 2025, subject to
Mr. Lucas’ continued employment or service at each such vesting event, as described further below in the discussion following the “Outstanding Equity Awards at Fiscal Year End” table above. Any options granted
pursuant to the employment agreement that are unvested at the applicable time will be deemed terminated if Mr. Lucas terminates the Agreement prior to the end of the applicable vesting schedule or if he is terminated for “Cause,” as
such term is defined in his