Peter Politis

About Peter Politis

Peter Politis, age 46, joined HCI’s Board on June 21, 2021. He is a lawyer, founder of Politis P.A. (since 2007) focused on real property acquisitions/financing, construction law, commercial leasing, and entity selection; and principal at Xenia Management Company, a real estate development/management firm operating in the U.S., Canada, and Greece (serving since 2000 including Vice President and General Counsel). Education: B.S. in Finance (minor in Economics) University of Florida 2001; M.A. in International Business University of Florida 2002; J.D. University of Miami School of Law 2004. He is an independent director and currently chairs the Governance & Nominating Committee and serves on the Audit Committee; he is the son of director and Lead Independent Director Gregory Politis.

Past Roles

External Roles

No other public company directorships disclosed for Peter Politis.

Board Governance

• Board met 13 times in 2024; nine of ten directors attended 100% and one attended 92%. Directors are expected to attend and prepare for Board and committee meetings; committee members attended 100% of committee meetings in 2024 except one Compensation Committee member (83%).
• Independence: Peter Politis determined independent under NYSE 303A.02 (Board considered father–son relationship with Gregory).
• Lead Independent Director: Gregory Politis (since 2017); independent directors meet in executive session.

Fixed Compensation

• Director compensation plan: Non-employee directors received $25,000 per quarter in cash and an annual stock award of 750 shares in 2024.
• RSU terms: Restricted shares include only service conditions and vest May 22, 2025; grant-date fair value per ASC 718.

Performance Compensation

Other Directorships & Interlocks

Expertise & Qualifications

Equity Ownership

• Director share ownership policy: New directors are expected to acquire $200,000 of HCI shares within five years of initial election and hold until retirement; compliance status not individually disclosed.
• Anti-hedging: Directors are prohibited from hedging HCI securities; short positions, derivatives, collars, etc. are banned.
• Pledging: No explicit pledging prohibition disclosed for directors; no pledging by Peter Politis disclosed.

Governance Assessment

• Strengths: Independent status affirmed despite family relationship; active roles on Audit and as Chair of Governance & Nominating indicate engagement in financial reporting oversight and board composition/process. Audit Committee independence and presence of a financial expert support reporting quality.
• Alignment: Uniform director equity grants (service-based RSUs) and director ownership policy requiring $200,000 within five years enhance alignment, though performance-conditioned equity is not used for director pay (appropriate for non-executives).
• Attendance/engagement: Board met 13 times in 2024, with ≥92% attendance for every director; committees broadly achieved 100% attendance (except one Comp member). Signals high engagement.
• Risks/RED FLAGS: Father–son duo on a key governance committee may raise optics concerns about independence in nominations/governance oversight, even though the Board concluded both are independent under NYSE rules. Monitoring for any related-party transactions involving Xenia/Politis P.A. remains prudent; none disclosed for Peter.
• Policies: Anti-hedging policy in place; Code of Ethics and Corporate Governance Guidelines published, executive clawback policy noted (company-wide governance strength).

Supplemental Shareholder Sentiment (context)

Useful for governance context; not specific to Peter’s compensation.

Appendix: Committee, Attendance, and Independence Disclosures

• Audit Committee: Wayne Burks (Chair), Peter Politis, Sue Watts; met 6 times in 2024; all meet NYSE and SEC independence; Burks designated financial expert.
• Governance & Nominating: Peter Politis (Chair), Gregory Politis; met 2 times in 2024; both meet NYSE independence.
• Board independence determination explicitly considered father–son relationship; Peter deemed independent under NYSE 303A.02.
• Board attendance: 13 meetings in 2024; nine directors at 100%, one at 92%; committees generally 100% attendance (one Comp member at 83%).

Director Compensation Detail (Peter Politis)

Related-Party Transactions (screen)

• No related-party transactions disclosed involving Peter Politis; Board policy requires review/approval by disinterested directors; anti-hedging policy enforced.
• Separate related-party transaction disclosed for Oxbridge (linked to director Jay Madhu), not involving Peter.