Company: MHLA
Filing Date: 2025-03-20
Form Type: 10-K/A
Source: 0001412100-25-000020
Chunk: 21

Company: Maiden Holdings, Ltd.
Filing Date: 2025-03-20
Form: 10-K/A
Chunk 21
---
                                     |     |  $ |   214,924 |     |   |                                                                                                                     |
|                    |      |              |     |         |     |    |                                       |     |    |           |     |   |                                             |     |   586,330 |     | -7 |                                                                                                     |     |  $ |   990,898 |     |   |                                                                                                                     |
| William T. Jarman  |      |              |     |         |     |    |                               107,527 |     | -8 |           |     | $ |                                     181,721 |     |           |     |    |                                                                                                   — |     |    |           |     | $ |                                                                                                                   — |
|                    |      |              |     |  76,086 |     | -9 |                                       |     |  $ |   128,585 |     |   |                                             |     |         — |     |    |                                                                                                     |     |  $ |         — |     |   |                                                                                                                     |

1. To calculate the value in this column, the closing price of the Company's stock on the NASDAQ on December 31, 2024 of $1.69 was used.

2. These common shares were granted on March 17, 2023 pursuant to the 2019 Omnibus Incentive Plan with vesting on March 17, 2025.

3. These restricted shares were granted on March 14, 2024 and vested 50% on the first anniversary of the grant, with 50% vesting on the second anniversary of the grant.

4. These restricted shares were granted on March 15, 2022 and may be earned by the named executive starting at the conclusion of fiscal 2023 in the sole discretion of the Compensation Committee, upon the achievement of GAAP book value of at least $4.00 per share as established in the Company’s year-end audited financial statement.

5. These restricted shares were granted on March 17, 2023 and may be earned by the named executive starting at the conclusion of fiscal 2023 in the sole discretion of the Compensation Committee, upon the achievement of (i) total shareholder return of 10% or more, (ii) alternative investment portfolio return of 10% or more, and (iii) GAAP book value of at least $4.25 per share as established in the Company’s year-end audited financial statements.

6.