Ategrity Specialty Insurance Company Holdings Updates President's Pay

What Happened
Ategrity Specialty Insurance Company Holdings (the “Company”) filed a Form 8‑K on September 4, 2026 (Item 5.02) to announce a third amended and restated employment agreement with Chris Schenk, who will continue as President and Chief Underwriting Officer. The Amendment extends his term and changes his compensation and equity awards.

Key Details

• Amendment date: September 4, 2026; term extended through December 31, 2028.
• Base salary increased from $550,000 to $750,000 annually.
• Target annual bonus for fiscal 2026 set at $1,250,000.
• Monthly housing allowance: $4,500.
• Equity grant: non‑qualified stock options to purchase 125,658 shares at an exercise price of $27.40 per share (fair market value on grant date); 50% vest over five years starting on the first anniversary of grant, the remaining 50% vest over five years starting on the second anniversary.
• Severance: if the Company elects not to renew the agreement, Mr. Schenk will be eligible for severance equivalent to the “without cause” termination benefits under the prior agreement.

Why It Matters
This amendment increases the Company’s fixed and potential compensation costs (higher salary, housing allowance and bonus opportunity) and grants a sizable long‑term equity award intended to retain and align Mr. Schenk with company performance. For investors, the changes are relevant to executive compensation expense, potential future share dilution from option exercises, and management continuity in underwriting leadership. The full Amended Employment Agreement is filed as an exhibit to the 8‑K for review.