Company: AXS-PE
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001214816-25-000088
Chunk: 40

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 40
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 in effect as of fiscal year end for each respective year. Effective June 2023, Messrs. Vogt, Brooks and Draper received base salary increases of $25,000, $50,000 and $56,979, respectively. Effective January, 2024, Messrs. Brooks and Draper received a further base salary increase of $75,000 and $51,522. Effective January 2025, Mr. Draper received a base salary increase of $44,384. Any salary increase for individuals in table above were based on market positioning, performance or expansion of responsibilities and roles.

(3) Mr. Draper's 2024 and 2025 base salary is converted at an exchange rate of 1.2681 USD per GBP for the fiscal year ended December 31, 2024 and 1.2662 USD per GBP for the fiscal year ended December 31, 2023.

#### Annual Incentive Awards
Our Annual Incentive Plan is intended to provide for formulaic annual incentive awards to our NEOs and serves as a critical tool for rewarding the achievement of our financial and strategic goals.

In order to achieve a competitive total compensation package, we established individual annual incentive targets expressed as a percentage of salary for each NEO. For our NEOs, annual incentive targets are governed by the terms of their employment agreements, but are not guaranteed. Any increases to annual incentive targets were based on market positioning, performance or expansion of responsibilities and roles. The bonus targets for each NEO are displayed below.

| Name              |     | 2023 Bonus Target |     |   |     |     | 2024 Bonus Target |     |     | 2025 Bonus Target |
| Vincent Tizzio(1) |     |                   | 160 | % |     | 170 | %                 |     | 175 | %                 |
| Peter Vogt        |     |                   | 125 | % |     | 125 | %                 |     | 125 | %                 |
| David Phillips    |     |                   | 125 | % |     | 125 | %                 |     | 125 | %                 |
| Conrad Brooks     |     |                   | 100 | % |     | 125 | %                 |     | 125 | %                 |
| Daniel Draper     |     |                   | 100 | % |     | 125 | %                 |     | 125 | %                 |

(1) Upon appointment to President