HCI Group, Inc. Executive Employment Agreement and Bonus Award

HCI Group, Inc. announced that its majority-owned subsidiary, Exzeo Group, Inc., has entered into an Executive Employment Agreement with its CEO, Paresh Patel, effective January 1, 2026. The agreement includes an annual base salary of $950,000, with potential increases at the discretion of Exzeo's board. Severance provisions are outlined for termination under specific conditions, including a payout of 12 months' base salary. The agreement also contains customary restrictive covenants, such as confidentiality, non-solicitation, and a two-year non-compete clause in the U.S. Additionally, Exzeo awarded Mr. Patel a cash bonus of $3,750,000, payable before December 31, 2025. Mr. Patel has also entered into a Rule 10b5-1 trading plan to acquire up to $2 million of Exzeo's common stock over a year.