AI English summary of an SEC filing — figures as filed

Everest Group announced on November 20, 2025 that Elias Habayeb will join the Company as Executive Vice President and Group Chief Financial Officer, effective on or about May 1, 2026. The company said he has served as Executive Vice President and Chief Financial Officer of Corebridge Financial since September 2022.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Nov 20, 2025Period of report Nov 17, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Everest Group announced on November 20, 2025 that Elias Habayeb will join the Company as Executive Vice President and Group Chief Financial Officer, effective on or about May 1, 2026. The company said he has served as Executive Vice President and Chief Financial Officer of Corebridge Financial since September 2022.
Under the employment agreement, the company said it will pay Habayeb an annual base salary of $910,000, with a target annual incentive bonus of 175% of base salary and a target value for equity compensation of 275% of base salary.
The company said it will pay Habayeb sign-on cash payments of $500,000, $1.5 million and $1.3 million. The company explained these amounts are compensation for the forfeiture of Corebridge equity and bonus awards, and are subject to forfeiture or repayment upon resignation or notice of resignation without good reason or termination for cause within 2 years of the Commencement Date.
Subject to approval by the Compensation Committee and Habayeb's commencement in his new role, the company said it will grant him RSUs with a target value of $4.9 million and $2.5 million. It added that Mark Kociancic will retire from his position as Executive Vice President and Chief Financial Officer after the Q1 2026 reporting cycle is completed and will remain with the Company as a special advisor through the transition period.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Elias Habayeb Appointed Chief Financial Officer

Everest Group announced on November 20, 2025 that Elias Habayeb will join the Company as Executive Vice President and Group Chief Financial Officer, effective on or about May 1, 2026. The company said he has served as Executive Vice President and Chief Financial Officer of Corebridge Financial since September 2022.

Source · Based on the filing body and exhibits

Base Salary and Target Bonus and Equity Compensation Percentages

Under the employment agreement, the company said it will pay Habayeb an annual base salary of $910,000, with a target annual incentive bonus of 175% of base salary and a target value for equity compensation of 275% of base salary.

Source · Based on the filing body and exhibits

Sign-On Cash Payment Terms

The company said it will pay Habayeb sign-on cash payments of $500,000, $1.5 million and $1.3 million. The company explained these amounts are compensation for the forfeiture of Corebridge equity and bonus awards, and are subject to forfeiture or repayment upon resignation or notice of resignation without good reason or termination for cause within 2 years of the Commencement Date.

Source · Based on the filing body and exhibits

RSU Grants and Mark Kociancic Retirement

Subject to approval by the Compensation Committee and Habayeb's commencement in his new role, the company said it will grant him RSUs with a target value of $4.9 million and $2.5 million. It added that Mark Kociancic will retire from his position as Executive Vice President and Chief Financial Officer after the Q1 2026 reporting cycle is completed and will remain with the Company as a special advisor through the transition period.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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