Company: MHLA
Filing Date: 2025-03-20
Form Type: 10-K/A
Source: 0001412100-25-000020
Chunk: 24

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-20
Form: 10-K/A
Chunk 24
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 entirety of 2024, 2023 and 2022. For clarity, Mr. Metz was not a PEO for any portion of 2024.

2. Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable fiscal year in the case of Messrs. Haveron and (for 2022 and 2023) Metz and (ii) the total compensation reported in the Summary Compensation Table for the applicable fiscal year for the Company’s NEO(s) reported for the applicable year other than the PEO(s) for such years.

3. To calculate compensation actually paid, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Messrs. Haveron and Metz and for the other NEO Mr. Jarman (and for 2024, Mr. Metz) is set forth in the table immediately following these footnotes.

4. Pursuant to rules of the SEC, the illustration assumes $100 was invested on December 31, 2021 in our Common Shares. Historic common share price performance is not necessarily indicative of future common share price performance.

5. We have maintained a separate column for Mr. Metz for 2024 since he was a PEO for 2022 and part of 2023 and we thought it would be informative for shareholders to be able to track compensation data vertically across the years. However, if we were to show the average compensation for our two non-PEO NEOs in 2024, Mr. Metz and Mr. Jarman, the average amount of total compensation reported for our non-PEO NEOs in column (d) would be $1,089,321 while the average compensation actually paid for our non-PEO NEOs in column (e) would be $1,073,443.

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To calculate the amounts reported in the “Compensation Actually Paid” columns in the table above, the following amounts were deducted from and added to (as applicable) our NEOs total compensation as reported in the Summary Compensation Table ("SCT") for our named executive officers as of the applicable year:

| Name                   |     |      |     | Fiscal Year |     |   |           |     | SCT Total (a) |           |     |   |          |     | Less:                
 SCT Share Awards (b) |          |     |   |         |     |