V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Insurance

Employers Holdings Executive Compensation (FY25)

EIG · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Katherine Antonello
Median of the other named officers
$829,858
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 28, 2026
Chief executive pay ratio
◇
To the median employee
Velarion Member: every covered company in Insurance, with dashboards, peer screens and board-ready briefs. Three seats, one year.
Email me this page as a cited PDF — sent in 2 minutes
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.

The paid brief on Employers Holdings

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
Data as of October 21, 2026Latest filing (8-K): May 29, 2026
16 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Employers Holdings brief$1,500Get the executive brief
Velarion Member, one year
280 figures on this page: 269 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Employers Holdings

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Katherine Antonello: $3,746,839 → $3,261,998 (12.9% lower)
CEO pay ratio: 34:1 → 30:1 (11.8% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Employers Holdings' chief executive and what were they paid?
Total compensation for Katherine Antonello, President and Chief Executive Officer, came to $3,261,998 in fiscal 2025. Compared with the $3,746,839 reported for fiscal 2024, Antonello's total was 12.9% lower.
What was Employers Holdings' say-on-pay result?
Shareholders recorded 98.6% support for the say-on-pay proposal at the meeting held May 28, 2026 for fiscal 2025.
Which companies are in Employers Holdings' peer group?
Companies named in the disclosed peer group include AMERISAFE, Inc., Donegal Group Inc., Global Indemnity Group, LLC, HCI Group, Inc. and Horace Mann Educators Corp, among others.
What is Employers Holdings' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 30:1, against median employee compensation of $108,989.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katherine Antonello
President and Chief Executive Officer
◇—◇—◇—◇◇
Michael Paquette
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Jeffrey Shaw
Executive Vice President, Chief Information Officer
◇—◇—◇—◇◇
Lori Brown
Executive Vice President, Chief Legal Officer
◇—◇—◇—◇◇
Christopher Laws
Executive Vice President, Chief Actuary
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katherine Antonello
President and Chief Executive Officer
◇—◇—◇—◇◇
Michael Paquette
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Lori Brown
Executive Vice President, Chief Legal Officer
◇—◇—◇—◇◇
Jeffrey Shaw
Former Executive Vice President, Chief Information Officer
Departed during or after this year
◇—◇—◇—◇◇
John Mutschink
Executive Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katherine Antonello
President and Chief Executive Officer
◇—◇—◇—◇◇
Michael Paquette
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Lori Brown
Executive Vice President, Chief Legal Officer
◇—◇—◇—◇◇
John Mutschink
Executive Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Ann Marie Smith
Senior Vice President, Chief Actuarial and Underwriting Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Katherine Antonello
President and Chief Executive Officer
◇—◇—◇—◇◇
Michael Pedraja
Executive Vice President, Chief Financial Officer
◇◇◇—◇—◇◇
Lori Brown
Former Executive Vice President, Chief Legal Officer
Departed during or after this year
◇—◇—◇—◇◇
John Mutschink
Executive Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
Ann Marie Smith
Senior Vice President, Chief Actuarial and Underwriting Officer
◇—◇—◇—◇◇
Michael Paquette
Former Executive Vice President, Chief Financial Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ann Marie SmithPSU◇—◇—◇—◇
Ann Marie SmithRSU◇——◇——◇
John M. MutschinkRSU◇——◇——◇
John M. MutschinkPSU◇—◇—◇—◇
Katherine H. AntonelloPSU◇—◇—◇—◇
Katherine H. AntonelloRSU◇——◇——◇
Lori A. BrownPSU◇—◇—◇—◇
Lori A. BrownRSU◇——◇——◇
Michael A. PedrajaRSU◇——◇——◇
Michael A. PedrajaPSU◇—◇—◇—◇
Michael A. PedrajaPSU◇—◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Lori BrownRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
John MutschinkRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Katherine AntonelloPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Michael PedrajaRSU◇◇——
RSU◇◇——
PSU◇◇——
Ann Marie SmithPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Michael Paquette
Former Executive Vice President, Chief Financial Officer · Change-in-control agreement
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeanne L. Mockard
Board chair · Lead independent director
◇◇———◇◇
Michael J. McColgan
◇◇———◇◇
Barbara A. Higgins
◇◇———◇◇
Alejandro "Alex" Perez-Tenessa
◇◇———◇◇
John M. de Figueiredo
◇◇———◇◇
Steven P. Sorenson
◇◇———◇◇
Michael J. McSally
◇————◇◇
James R. Kroner
◇————◇◇
William B. Pestcoe and Katherine H. Antonello served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Compensation committee member◇
Stock ownership guideline: The stock ownership guidelines applicable to non-employee directors requires each director to own a minimum number of shares of our common stock equal to three times the director's annual cash retainer.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AMERISAFE, Inc. AMSF
  • Donegal Group Inc. DGICA
  • Global Indemnity Group, LLC GBLI
  • HCI Group, Inc. HCI
  • Horace Mann Educators Corp HMN
  • Kinsale Capital Group, Inc. KNSL
  • Lemonade, Inc. LMND
  • NI Holdings, Inc. NODK
  • Palomar Holdings, Inc. PLMR
  • ProAssurance Corporation PRA
  • RLI Corp RLI
  • Safety Insurance Group, Inc. SAFT
  • Selective Insurance Group, Inc. SIGI
  • SiriusPoint, Ltd. SPNT
  • Tiptree, Inc. TIPT
  • United Fire Group, Inc. UFCS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 28, 2020=◇◇◇
2018May 24, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 24, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Velarion Pro: every company page, peer tools and exports, one seat

One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Your address is used for this and nothing else, and you can unsubscribe in one click. See the privacy policy.

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Katherine Antonello (President and Chief Executive Officer), FY2025 total compensation $3,261,998 (base salary $881,042) [exec_comp, SEC accession 0001379041-26-000015, filed 2026-04-16]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

Tell me when Employers Holdings files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Employers Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Employers Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for Peer Group Review
Whether Employers Holdings' disclosed peer group is defensible, who names Employers Holdings back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
280 figures on this page: 269 cited to the filing that reported them, 11 calculated from figures it prints.
269 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001379041-26-000040
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001379041-26-000015
    2025 Director Compensation · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · AFI C · and 2 more sections
  3. 0001379041-25-000104
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001379041-25-000087
    2024 Summary Compensation Table
  5. 0001379041-24-000117
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001379041-24-000094
    2023 Summary Compensation Table · Executive Compensation Tables
  7. 0001379041-23-000090
  8. 0001379041-23-000053
    Executive Compensation Tables
  9. 0001379041-22-000069
  10. 0001379041-21-000125
  11. 0001379041-21-000096
  12. 0001379041-20-000116
  13. 0001379041-19-000108
  14. 0001379041-18-000121
  15. 0001379041-17-000135
  16. 0001379041-16-000337
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Employers Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EIG (accessed 2026).
Short form: data: Velarion

The paid brief for Employers Holdings

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Employers Holdings and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Employers Holdings discloses

The companies named in EIG's own disclosed peer group.

AMERISAFE, Inc.Donegal Group Inc.Global Indemnity Group, LLCHCI Group, Inc.Horace Mann Educators CorpKinsale Capital Group, Inc.Lemonade, Inc.NI Holdings, Inc.Palomar Holdings, Inc.ProAssurance CorporationRLI CorpSafety Insurance Group, Inc.Selective Insurance Group, Inc.SiriusPoint, Ltd.Tiptree, Inc.United Fire Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy