Ategrity Amends Executive Employment Agreement, Boosts Compensation for President & CUO
ASIC sits 68% above its 52-week low of $16.35.
Summary
Ategrity Specialty Insurance Holdings amended the employment agreement for President and Chief Underwriting Officer Chris Schenk, extending his term and significantly increasing his compensation package, including a higher base salary, target bonus, housing allowance, and a grant of 125,658 stock options.
Key Events · Executive and Board Changes · ASIC
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Executive Employment Agreement Amended
Ategrity Specialty Insurance Company Holdings entered into a third amendment and restatement of the employment agreement with Chris Schenk, President and Chief Underwriting Officer, extending his term through December 31, 2028.
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Significant Compensation Increase
Mr. Schenk's annual base salary increased from $550,000 to $750,000, his target annual bonus for 2026 was set at $1,250,000, and he will receive a new monthly housing allowance of $4,500.
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Stock Option Grant
Mr. Schenk was granted non-qualified stock options to purchase 125,658 shares of common stock at an exercise price of $27.40 per share, the fair market value on the grant date. These options will vest 50% over five years from the first anniversary of the grant and the remaining 50% over five years from the second anniversary.
Analysis · ASIC · Finance
This 8-K details a substantial compensation package for a key executive, Chris Schenk, who serves as President and Chief Underwriting Officer. The amendment extends his employment through 2028 and includes a significant increase in base salary, a higher target annual bonus, and a new monthly housing allowance. Additionally, he was granted 125,658 non-qualified stock options with an exercise price of $27.40 per share, which was the fair market value on the grant date, near the company's 52-week high. This move signals the company's commitment to retaining key leadership during a period of strong financial performance, as evidenced by recent record earnings. While the stock options represent potential future dilution, the overall package aims to incentivize continued performance and stability at the executive level.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 29.9% of the 1988 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ASIC was trading at $27.40 on NYSE in the Finance sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $16.35 to $27.90. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.