Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 185

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 185
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for any reason prior to the end of the vesting schedule set forth therein. The agreement includes non-solicit and non-compete restrictive covenants that apply for two
years following termination of employment and includes confidentiality/non-disclosure obligations.

Shannon Lucas. On September 13, 2021, we entered into an employment agreement with Mrs. Lucas, our Chief Risk Officer
and Chief Operating Officer, which provides for a term of employment through September 13, 2025 (subject to automatic renewal) unless: (1) terminated by Mrs. Lucas on 90 days’ notice; (2) terminated by the Company for
“Cause” (as defined in the employment agreement) or (3) terminated by the Company without “Cause.” Under her employment agreement, Mrs. Lucas is entitled to an annual base salary of $600,000, which base salary is
subject to a 6% increase annually during the contract term and is currently $674,160.24. Additionally, pursuant to the terms of the employment agreement, Mrs. Lucas is eligible to receive an annual performance bonus with a target amount of
$100,000, which is discretionary and based on her performance during the applicable calendar year. For 2024, we paid Mrs. Lucas an annual discretionary performance bonus of $10,000,000 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, Mrs. Lucas has agreed to reduce her 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

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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 her employment agreement, on October 8, 2021, we granted to Mrs. Lucas an option to
purchase 60,000 shares of our common stock, which vested in one installment of 15,000 options on September 13, 2022 and thereafter vests monthly in the amount of 1,250 options ( shares of our common stock,
which options vested on September 13, 2022 and options vest monthly thereafter, after giving effect