Employers Holdings, Inc. Files DEF 14A with Executive Compensation Details
Ticker: EIG · Form: DEF 14A · Filed: Apr 11, 2024 · CIK: 1379041
| Field | Detail |
|---|---|
| Company | Employers Holdings, Inc. (EIG) |
| Form Type | DEF 14A |
| Filed Date | Apr 11, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 19 min |
| Key Dollar Amounts | $760.6 million, $118.1 million, $4.45, $48.4 million, $1.75 |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Executive Compensation, Employers Holdings, EIG, Stock Awards
TL;DR
<b>Employers Holdings, Inc. (EIG) has filed its DEF 14A, detailing executive compensation for 2022 and 2023, including stock award valuations.</b>
AI Summary
Employers Holdings, Inc. (EIG) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. Filing is a DEF 14A for Employers Holdings, Inc. (EIG) for the fiscal year ending December 31, 2023. The filing includes details on executive compensation for the fiscal years 2022 and 2023. Key executives mentioned include Douglas Dirks and Katherine Antonello. Compensation data includes the fair value of stock awards and changes in fair value for outstanding and vested awards. The company is incorporated in Nevada and operates in the Fire, Marine & Casualty Insurance sector.
Why It Matters
For investors and stakeholders tracking Employers Holdings, Inc., this filing contains several important signals. This filing provides crucial insights into how Employers Holdings, Inc. compensates its top executives, which can influence investor perception of management alignment and company strategy. Understanding the executive compensation structure, particularly stock awards and their valuations, is important for shareholders evaluating the company's financial health and future performance.
Risk Assessment
Risk Level: low — Employers Holdings, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosure on executive compensation and corporate governance, with no immediate red flags or significant changes indicated.
Analyst Insight
Review the executive compensation tables to assess the pay structure and potential impact on shareholder value.
Executive Compensation
| Name | Title | Total Compensation |
|---|---|---|
| Douglas Dirks | CEO Member | |
| Katherine Antonello | CEO Member |
Key Numbers
- 2023-12-31 — Fiscal Year End (Reported period)
- 2024-04-11 — Filing Date (Date of submission)
- 2022 — Fiscal Year (Compensation data year)
- 2023 — Fiscal Year (Compensation data year)
Key Players & Entities
- Employers Holdings, Inc. (company) — Filer name
- EIG (company) — Ticker symbol
- DEF 14A (filing) — Form type
- Douglas Dirks (person) — CEO Member
- Katherine Antonello (person) — CEO Member
- 2023-12-31 (date) — Fiscal year end
- 2024-04-11 (date) — Filing date
- NV (location) — State of incorporation
FAQ
When did Employers Holdings, Inc. file this DEF 14A?
Employers Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 11, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Employers Holdings, Inc. (EIG).
Where can I read the original DEF 14A filing from Employers Holdings, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Employers Holdings, Inc..
What are the key takeaways from Employers Holdings, Inc.'s DEF 14A?
Employers Holdings, Inc. filed this DEF 14A on April 11, 2024. Key takeaways: Filing is a DEF 14A for Employers Holdings, Inc. (EIG) for the fiscal year ending December 31, 2023.. The filing includes details on executive compensation for the fiscal years 2022 and 2023.. Key executives mentioned include Douglas Dirks and Katherine Antonello..
Is Employers Holdings, Inc. a risky investment based on this filing?
Based on this DEF 14A, Employers Holdings, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosure on executive compensation and corporate governance, with no immediate red flags or significant changes indicated.
What should investors do after reading Employers Holdings, Inc.'s DEF 14A?
Review the executive compensation tables to assess the pay structure and potential impact on shareholder value. The overall sentiment from this filing is neutral.
How does Employers Holdings, Inc. compare to its industry peers?
Employers Holdings, Inc. operates within the Fire, Marine & Casualty Insurance industry, a sector characterized by risk management and underwriting.
Are there regulatory concerns for Employers Holdings, Inc.?
The filing is made under the Securities Exchange Act of 1934, specifically a Definitive Proxy Statement (DEF 14A), which requires detailed disclosure of corporate actions and executive compensation.
Industry Context
Employers Holdings, Inc. operates within the Fire, Marine & Casualty Insurance industry, a sector characterized by risk management and underwriting.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, specifically a Definitive Proxy Statement (DEF 14A), which requires detailed disclosure of corporate actions and executive compensation.
What Investors Should Do
- Analyze the specific dollar amounts and percentages associated with stock awards for Douglas Dirks and Katherine Antonello.
- Compare the executive compensation figures for 2023 against those reported for 2022 to identify any significant changes.
- Investigate the 'FVOfStockAwardsReportedInSummaryCompTableMember' and related metrics to understand the valuation methodology for executive equity.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the company's financial activities.
- 2024-04-11: Filing Date — Date the DEF 14A filing was submitted to the SEC.
Year-Over-Year Comparison
This is a DEF 14A filing, which typically provides updated information on executive compensation and corporate governance compared to previous filings.
Filing Stats: 4,630 words · 19 min read · ~15 pages · Grade level 13.6 · Accepted 2024-04-11 08:15:35
Key Financial Figures
- $760.6 million — t an underwriting profit. We generated $760.6 million of net written premium, higher than any
- $118.1 million — age 23 ) was 94.7%; Our net income was $118.1 million ($4.45 per diluted share), up from $48.
- $4.45 — 7%; Our net income was $118.1 million ($4.45 per diluted share), up from $48.4 milli
- $48.4 million — lion ($4.45 per diluted share), up from $48.4 million ($1.75 per diluted share); and Our adj
- $1.75 — diluted share), up from $48.4 million ($1.75 per diluted share); and Our adjusted n
- $101.7 million — ); and Our adjusted net income (1) was $101.7 million ($3.83 per diluted share), up from $81.
- $3.83 — sted net income (1) was $101.7 million ($3.83 per diluted share), up from $81.0 milli
- $81.0 million — lion ($3.83 per diluted share), up from $81.0 million ($2.93 per diluted share). We gained e
- $2.93 — diluted share), up from $81.0 million ($2.93 per diluted share). We gained economie
- $106.5 m — olio generated net investment income of $106.5 million, higher than any year since our I
- $106.5 million — ar since our IPO in 2007 ; We returned $106.5 million to stockholders through a combination o
- $47.26 — quarterly dividends; and Our ABVPS was $47.26 at December 31, 2023 , up 10.5% after t
- $1.10 — 23 , up 10.5% after taking into account $1.10 of dividends declared. (1) Adjusted ne
- $118.1M — 3 was comprised of our GAAP net income ($118.1M) excluding effects from the LPT Agreeme
- $7.2M — luding effects from the LPT Agreement (-$7.2M), and net realized and unrealized gains
Filing Documents
- eig-20240411.htm (DEF 14A) — 1183KB
- eig-20240411_g1.jpg (GRAPHIC) — 8KB
- eig-20240411_g10.jpg (GRAPHIC) — 35KB
- eig-20240411_g11.jpg (GRAPHIC) — 38KB
- eig-20240411_g12.jpg (GRAPHIC) — 34KB
- eig-20240411_g13.jpg (GRAPHIC) — 13KB
- eig-20240411_g14.jpg (GRAPHIC) — 34KB
- eig-20240411_g15.jpg (GRAPHIC) — 27KB
- eig-20240411_g16.jpg (GRAPHIC) — 127KB
- eig-20240411_g17.jpg (GRAPHIC) — 114KB
- eig-20240411_g18.jpg (GRAPHIC) — 122KB
- eig-20240411_g19.jpg (GRAPHIC) — 5KB
- eig-20240411_g2.jpg (GRAPHIC) — 11KB
- eig-20240411_g3.jpg (GRAPHIC) — 11KB
- eig-20240411_g4.jpg (GRAPHIC) — 25KB
- eig-20240411_g5.jpg (GRAPHIC) — 35KB
- eig-20240411_g6.jpg (GRAPHIC) — 33KB
- eig-20240411_g7.jpg (GRAPHIC) — 36KB
- eig-20240411_g8.jpg (GRAPHIC) — 32KB
- eig-20240411_g9.jpg (GRAPHIC) — 39KB
- 0001379041-24-000094.txt ( ) — 3849KB
- eig-20240411.xsd (EX-101.SCH) — 4KB
- eig-20240411_def.xml (EX-101.DEF) — 6KB
- eig-20240411_lab.xml (EX-101.LAB) — 8KB
- eig-20240411_pre.xml (EX-101.PRE) — 5KB
- eig-20240411_htm.xml (XML) — 198KB
Executive Compensation Tables 37
Executive Compensation Tables 37 CEO Pay Ratio 49 Pay Versus Performance 49
Security Ownership of Certain Beneficial Owners and Management 53
Security Ownership of Certain Beneficial Owners and Management 53 Proposal 4 - Ratification of Appointment of Independent Registered Public Accounting Firm 55 Audit Committee Report 56 Audit Matters 57 Additional Information 59 Proxy Statement Summary This summary highlights information contained elsewhere in the proxy statement. This summary does not contain all of the information that you should consider, and you should read the entire proxy statement carefully before voting. Employers Holdings, Inc. Annual Meeting of Stockholders Time and Date 9:00 a.m. Pacific Daylight Time on Thursday, May 23, 2024 Place 5340 Kietzke Lane, Suite 202 Reno, NV 89511 Record date March 25, 2024 Voting Stockholders as of the record date are entitled to vote. Each share of common stock is entitled to one vote for each director nominee and one vote for each of the other proposals to be voted on. Ways to Vote You may vote your shares in person by ballot at the annual meeting, over the Internet, by telephone, or by returning a signed and dated proxy card. The Proxy Statement and the 2023 Annual Report to stockholders are available at www.proxydocs.com/eig . Proposals and Board Recommendations Proposal Board's Voting Recommendation Page Reference (for more detail) 1. Election of directors FOR each director nominee 4 2. Ratification of adoption of the Nevada Exclusive Forum Provision of the Company's Bylaws FOR 20 3. Advisory vote to approve executive compensation FOR 22 4. Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for 2024 FOR 55 So that your shares may be represented if you do not plan to attend the annual meeting, please vote your proxy by telephone or over the Internet or by returning the enclosed proxy card in the postage prepaid envelope as soon as possible. Your prompt response will greatly facilitate arrangements for the annual meeting, and your participation is appreciated. Proposal