Company: OXBRW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001641172-25-000739
Chunk: 31

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 31
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25, 2024. The options vest quarterly in            
 increments of 9,787.50. The remaining 274,050 options will vest over the next 12 quarters, provided that Mr. Timothy remains employed   
 by the Company.                                                                                                                         |

| 21 |

OPTION EXERCISES AND STOCK VESTED IN FISCAL 2024

The following table sets forth information regarding stock vested by our NEOs during the year ended December 31, 2024. There were no options exercised by our named executive officers in 2024.

| Name            |     | Option                             
 Awards                             
 Number                             
 of Shares Acquired on Exercise (#) |   |     | Value                    
 Realized on Exercise ($) |   |     | Stock                             
 Awards                            
 Number                            
 of Shares Acquired On Vesting (#) |        |     | Value                       
 Realized on Vesting ($) (1) |        |
|:----------------|:----|:-----------------------------------|:--|:----|:-------------------------|:--|:----|:----------------------------------|-------:|:----|:----------------------------|-------:|
| Jay Madhu       |     |                                    | - |     |                          | - |     |                                   | 40,000 |     | $                           | 74,100 |
| Wrendon Timothy |     |                                    | - |     |                          | - |     |                                   | 25,000 |     | $                           | 46,313 |

(1) Based upon the Company’s closing share price on the dates upon which the shares vested.

POLICIES AND PRACTICES FOR GRANTING CERTAIN EQUITY AWARDS - 2024 Awards

The Company does not have a formal written policy in place with regard to the timing of awards of options or other similar awards in relation to material nonpublic information.

The compensation committee’s general practice is to complete its annual executive compensation review and to determine compensation for our executive officers in connection with the Company’s completion of its audited year-end financial statements. Accordingly, annual equity awards are typically determined at the first compensation committee meeting of the fiscal year. On limited occasions, the Company may grant equity awards outside of its annual grant period for new hires, promotions, recognition, retention or other purposes.

For fiscal year 2024, the compensation committee awarded options to purchase ordinary shares of the Company’s 80% owned subsidiary, SP Holdings, as compensation to its named executive officers. The number of ordinary shares of SP Holdings underlying such options