v3.26.1
SHARE-BASED COMPENSATION PLANS
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION PLANS SHARE-BASED COMPENSATION PLANS
The Company has a 2020 Stock Incentive Plan (“2020 Employee Plan”), a 2009 Non-Employee Director Stock Option and Restricted Stock Plan (“2009 Director Plan”), a 2003 Non-Employee Director Equity Compensation Plan (“2003 Director Plan”) and a 2025 Employee Stock Purchase Plan (“2025 ESPP”).
The following table presents the Restricted Stock Awards and Performance Stock Units granted for the three months ended June 30, 2026 and 2025, respectively:
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
Grant DateRestricted Stock AwardsPerformance Stock UnitsFair Value at Time of GrantGrant DateRestricted Stock AwardsPerformance Stock UnitsFair Value at Time of Grant
May 12, 202624,024— $350.77 May 13, 20254,630 — $348.41 
June 23, 20251,914 $339.93 
24,0246,544
There were no Performance Stock units granted for three months ended June 30, 2026 and 2025.
The following table presents the Restricted Stock Awards and Performance Stock Units granted for the six months ended June 30, 2026 and 2025, respectively:
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Grant DateRestricted Stock AwardsPerformance Stock UnitsFair Value at Time of GrantGrant DateRestricted Stock AwardsPerformance Stock UnitsFair Value at Time of Grant
February 26, 2026223,91047,312$338.69 February 26, 2025230,33427,204$344.48 
May 12, 202624,024$350.77 February 27, 20257,488 $347.23 
March 6, 2025906 $359.28 
May 13, 20254,630 $348.41 
June 23, 20251,914 $339.93 
247,93447,312245,27227,204
Employee Stock Purchase Plan
In August 2025, following shareholder approval, the Company implemented an Employee Stock Purchase Plan (“ESPP”), authorizing the issuance of up to 500,000 shares under such plan. The shares issued under the ESPP were previously repurchased by Everest Group, Ltd. and are held as Treasury Shares. The ESPP provides employees of the Company and its participating subsidiaries with the opportunity to purchase Group common shares at a discount through accumulated payroll deductions during established offering periods. Under this plan, eligible employees of the Company may purchase common shares up to twice per year at a discount of 15% from the market price per share on the last trading day of offering periods. The ESPP is a compensatory plan, based on the discount of 15%. Therefore, consistent with other forms of share-based payments, compensation cost for equity awarded through the ESPP is measured as the fair value of the award at grant date. For the three months ended June 30, 2026, no shares were purchased by employees through the ESPP. For the six months ended June 30, 2026, 12,081 shares were purchased by employees through the ESPP, issued from the Company’s treasury stock.