Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 280

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 280
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 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 the Plan . The number of shares reserved for issuance under the 2025 Incentive Plan is 3,633,333, plus an annual increase added on the first day of each fiscal year, beginning with the fiscal year ending December 31, 2026 and continuing until, and including, the fiscal year ending December 31, 2035. The annual increase will be equal to the lesser of (i) 4% of the number of shares issued on December 31 of the immediately preceding fiscal year and (ii) an amount determined by the Board. The number of shares available for issuance under the 2025 Incentive Plan will not be reduced by shares issued in settlement of the replacement awards that will be granted in substitution for legacy share options previously granted by Highlands Manco 2 Ltd.

To the extent an equity award granted under the 2025 Incentive Plan (other than any substitute award, including any replacement awards granted in substitution for legacy share options previously granted by Highlands Manco 2 Ltd.) expires or otherwise terminates without having been exercised or paid in full, or is settled in cash, the shares subject to such award will become available for future grant under the 202