HCI Group Boosts Executive Salaries and Awards Multi-Million Dollar Bonuses

Reuters12-20
HCI Group Boosts Executive Salaries and Awards Multi-Million Dollar Bonuses

HCI Group Inc. has announced updated compensation terms for its senior executives, effective January 1, 2026. Chief Executive Officer Paresh Patel will receive an annual base salary of $950,000 and a cash bonus of $3,200,000. Chief Operating Officer Karin Coleman will receive a $700,000 base salary and a $250,000 cash bonus. Chief Financial Officer James Mark Harmsworth and General Counsel Andrew L. Graham will each receive base salaries of $625,000 and $450,000, respectively, with both awarded $250,000 cash bonuses. Anthony Saravanos, President of the Real Estate Division, will receive a $400,000 base salary and a $200,000 cash bonus. In addition, Coleman, Harmsworth, and Graham were each granted 1,251 shares of common stock vesting over three years, while Saravanos was awarded 621 shares vesting over the same period. The cash bonuses will be paid before December 31, 2025.

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