Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 45

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 45
---
 | %       |
| Target    |     |                                                                |     | 55th   |     | 100 | %       |
| Threshold |     |                                                                |     | 25th   |     |  25 | %       |
| Minimum   |     |                                                                |     | < 25th |     |   0 | %       |

2025 Equity Awards (Relating to 2024 Performance Year)

The Committee believes that awarding a mix of both RSUs and PSUs creates a balanced long-term incentive program. The RSUs provide the Company with a strong retention tool for its executives while also incentivizing our executive team to drive an overall increase in TSR and DBVPS over the performance period. The Committee approved equity awards ranging from 110% to 125% of target for its current NEOs, which was intended to recognize the performance of the team and each individual in contributing to the Company’s strong financial performance and record stock price in 2024.

| 56 |     | AXIS 2025 Proxy Statement |

| Compensation Discussion and Analysis |

The table below reflects the value of LTI communicated to each NEO in January 2025. These awards, with the TSR portion of PSUs valued using the Monte Carlo simulation, will be reflected in the "Summary Compensation Table" and the "Grants of Plan-Based Awards in 2024" table in next year’s proxy.

In January 2025, the Committee approved new 2025 LTI targets for Mr. Tizzio and Mr. Draper of $5,000,000 and $900,000, respectively. Any increases to annual LTI targets were based on market positioning, performance, or expansion of responsibilities and roles.

|                |     | 2025 Equity Awards (Relating to 2024 Performance) |    |   |      |     |            |      |    |   |      |     |            |       |     |            |                                 |     |   |
| Name           |     | RSUs                                              |    |   | RSUs |     |            | PSUs |    |   | PSUs |     |            | Total |     |            | Total as a % of 2024 LTI Target |     |   |
| Vincent Tizzio |     |                                                   | 40 | % |      |     | $2,016,000 |      | 60 | % |      |     | $3,024,000 |       |     | $5