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Octave Specialty Group Executive Compensation (FY25)

OSG · Executive and director compensation, fiscal 2023 to 2025
Chief executive, fiscal 2025
◇
Claude LeBlanc
Median of the other named officers
$3,559,351
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 29, 2026
15 filings cited on this page
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285 figures on this page: 274 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Octave Specialty Group

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 — Claude LeBlanc: $6,340,720 → $10,356,228 (63.3% higher)
Say-on-pay support: 78.8% → 70.0% (8.8 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Octave Specialty Group's chief executive and what were they paid?
Claude LeBlanc, President and Chief Executive Officer and Director, received $10,356,228 in total compensation for fiscal 2025. Compared with the $6,340,720 reported for fiscal 2024, LeBlanc's total was 63.3% higher.
What was Octave Specialty Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 70.0% of votes cast for or against in favor at the meeting held May 28, 2026.
Which companies are in Octave Specialty Group's peer group?
Companies named in the disclosed peer group include Bowhead Specialty Holdings Inc., Goosehead Insurance, Inc., Hagerty, Inc., HCI Group, Inc. and Heritage Insurance Holdings, Inc., among others.
What is Octave Specialty Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 109.6:1, against median employee compensation of $94,474.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Claude LeBlanc
President and Chief Executive Officer and Director
◇—◇—◇—◇◇
David Trick
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
R. Sharon Smith
Executive Vice President and Group Chief Operating Officer
◇—◇—◇—◇◇
Stephen Ksenak
Former Senior Managing Director and Chief Legal Officer
◇—◇—◇—◇◇
Daniel McGinnis
Former Senior Managing Director and Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Claude LeBlanc
President and Chief Executive Officer and Director
◇—◇—◇—◇◇
David Trick
Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
R. Sharon Smith
Executive Vice President and Chief Strategy Officer
◇—◇—◇—◇◇
Stephen M. Ksenak
Senior Managing Director and General Counsel
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Claude LeBlanc
President and Chief Executive Officer and Director
◇◇◇◇◇—◇◇
David Trick
Executive Vice President, Chief Financial Officer and Treasurer
◇◇◇◇◇—◇◇
Stephen Ksenak
Former Senior Managing Director and Chief Legal Officer
Departed during or after this year
◇—◇———◇◇
R. Sharon Smith
Executive Vice President and Group Chief Operating Officer
◇◇◇◇◇—◇◇
Daniel McGinnis
Former Senior Managing Director and Chief Operating Officer
Departed during or after this year
◇—◇———◇◇
Lawrence Metz
Senior Managing Director and General Counsel
◇———◇—◇◇
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
Claude LeBlancPSU◇——◇——◇
Claude LeBlancEQUITY◇——◇——◇
Claude LeBlancEQUITY◇——◇——◇
Claude LeBlancOTHER◇—————◇
Claude LeBlancEQUITY◇◇◇◇◇—◇
Claude LeBlancOPTION◇——◇—◇◇
Claude LeBlancPSU◇—————◇
Claude LeBlancPSU◇—————◇
Claude LeBlancPSU◇—————◇
Claude LeBlancPSU◇◇◇—◇—◇
Daniel McGinnisEQUITY◇—◇◇◇—◇
Daniel McGinnisPSU◇——◇——◇
Daniel McGinnisOTHER◇—————◇
Daniel McGinnisPSU◇◇◇—◇—◇
David TrickEQUITY◇——◇——◇
David TrickOTHER◇—————◇
David TrickPSU◇—————◇
David TrickEQUITY◇——◇——◇
David TrickPSU◇——◇—◇◇
David TrickOTHER◇—————◇
David TrickPSU◇—◇———◇
David TrickPSU◇◇◇—◇—◇
Lawrence F. MetzEQUITY——◇◇◇——
R. Sharon SmithEQUITY◇—◇◇◇—◇
R. Sharon SmithEQUITY◇——◇——◇
R. Sharon SmithEQUITY◇——◇——◇
R. Sharon SmithPSU◇—————◇
R. Sharon SmithOPTION◇——◇—◇◇
R. Sharon SmithPSU◇◇◇—◇—◇
R. Sharon SmithPSU◇—————◇
R. Sharon SmithPSU◇—————◇
Stephen M. KsenakPSU◇◇◇—◇—◇
Stephen M. KsenakEQUITY◇——◇——◇
Stephen M. KsenakOTHER◇—————◇
Stephen M. KsenakPSU◇—————◇
Fiscal 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
David TrickRSU◇◇——
Claude LeBlancRSU◇◇——
Daniel McGinnisRSU◇◇——
R. Sharon SmithRSU◇◇——
Stephen KsenakRSU◇◇——
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.
Claude LeBlanc
President and Chief Executive Officer and Director · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
David Trick
Executive Vice President, Chief Financial Officer and Treasurer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Lawrence Metz
Senior Managing Director and General Counsel · Employment agreement
Severance multiple◇
R. Sharon Smith
Executive Vice President and Group Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey S. Stein
◇◇————◇
Ian D. Haft
◇◇————◇
Kristi A. Matus
◇◇————◇
Joan Lamm-Tennant
◇◇————◇
Lisa G. Iglesias
◇◇————◇
Michael D. Price
◇◇————◇
Claude LeBlanc 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◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bowhead Specialty Holdings Inc. BOW
  • Goosehead Insurance, Inc. GSHD
  • Hagerty, Inc. HGTY
  • HCI Group, Inc. HCI
  • Heritage Insurance Holdings, Inc. HRTG
  • Horace Mann Educators Corporation HMN
  • James River Group Holdings, Ltd. JRVR
  • Palomar Holdings, Inc. PLMR
  • ProAssurance Corporation PRA
  • SiriusPoint Ltd. SPNT
  • Skyward Specialty Insurance Group, Inc. SKWD
  • The Baldwin Insurance Group, Inc. BWIN
  • Tiptree Inc. TIPT
  • Universal Insurance Holdings, Inc. UVE
  • White Mountains Insurance Group, Ltd. WTM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 28, 2025=◇◇◇
2023October 16, 2024=◇◇◇
2022June 22, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 25, 2021=◇◇◇
2019June 2, 2020=◇◇◇
2018June 3, 2019=◇◇◇
2017May 18, 2018=◇◇◇
2016May 19, 2017=◇◇◇
2015May 18, 2016=◇◇◇

Chief executive pay ratio

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

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Sample answer — “What is the CEO’s total compensation?”
- Claude LeBlanc (President and Chief Executive Officer and Director), FY2025 total compensation $10,356,228 (base salary $900,000) [exec_comp, SEC accession 0001628280-26-024684, filed 2026-04-10]

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What this page does not include

Everything above is a fact Octave Specialty Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Octave Specialty Group 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
285 figures on this page: 274 cited to the filing that reported them, 11 calculated from figures it prints.
274 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001628280-26-039234
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-024684
    2025 Summary Compensation Table · Grants of Plan-Based Awards · Grants of Plan-Based Awards in 2025 · Potential Payments Upon Termination
  3. 0000874501-25-000095
  4. 0000874501-25-000078
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0000874501-24-000238
  6. 0000874501-24-000119
    2023 Summary Compensation Table
  7. 0000874501-23-000109
  8. 0000874501-22-000115
  9. 0000874501-21-000106
  10. 0000874501-20-000106
  11. 0000874501-19-000104
  12. 0000874501-18-000081
  13. 0000874501-17-000079
  14. 0000874501-16-000253
  15. 0000072903-25-000078
    Outstanding Equity Awards at Fiscal Year-End
Cite this data
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Velarion, “Octave Specialty Group executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/OSG (accessed 2026).
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The paid brief for Octave Specialty Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
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Peers Octave Specialty Group discloses

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

Bowhead Specialty Holdings Inc.Goosehead Insurance, Inc.Hagerty, Inc.HCI Group, Inc.Heritage Insurance Holdings, Inc.Horace Mann Educators CorporationJames River Group Holdings, Ltd.Palomar Holdings, Inc.ProAssurance CorporationSiriusPoint Ltd.Skyward Specialty Insurance Group, Inc.The Baldwin Insurance Group, Inc.Tiptree Inc.Universal Insurance Holdings, Inc.White Mountains Insurance Group, Ltd.

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}
}
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