Sam Landman
About Sam Landman
Sam Landman, age 45, has served as an independent director of Hippo Holdings Inc. since December 2017. He is Managing Director at Mosaic General Partnership and at Mastry Inc. (since 2021), and previously served as Managing Director at Comcast Ventures from 2009–2021. He holds a BA from Bucknell University and an MBA from Dartmouth’s Tuck School of Business .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Comcast Ventures | Managing Director | 2009–2021 | Led sourcing, diligence, and advising across fintech, commerce, social, video, healthcare, marketing tech, cleantech |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Mosaic General Partnership | Managing Director | Current | Venture investing leadership |
| Mastry Inc. | Managing Director | 2021–Current | Venture investing leadership |
| Several private companies | Board member | Current | Serves on boards of several private companies (not specified) |
Board Governance
- Class I director; nominated for a term expiring at the 2028 Annual Meeting; Board is staggered in three classes (removal only for cause), which can delay change of control .
- Independence: Qualifies as independent under NYSE rules; no family relationships; Board noted independence review for all directors .
- Committees and roles:
- Compensation Committee: Chair; members are Eric Feder, Sam Landman, John Nichols. Committee met 4 times in 2024; members meet NYSE “heightened independence” for compensation committees .
- Nominating & Corporate Governance Committee: Member; committee met 4 times in 2024 .
- Attendance: Board met 10 times in 2024; each director attended at least 75% of aggregate Board and applicable committee meetings; eight directors attended the 2024 annual meeting .
Fixed Compensation
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Cash Fees ($) | 62,000 | 76,000 |
| Stock Awards ($) | 104,890 | 102,852 |
| Total ($) | 166,890 | 178,852 |
| Program Cash Components | Annual retainer $60,000; Comp Chair +$12,000; Nominating member +$4,000 | Annual retainer $60,000; Comp Chair +$12,000; Nominating member +$4,000 |
- Equity grant policy: Annual RSU Award equal to $110,000 divided by 30-day average price, vests fully by the next Annual Meeting or first anniversary; all director equity vests upon Change in Control .
Performance Compensation
| Performance Metric | Applied to Director Pay? | Evidence |
|---|---|---|
| Company financial/operational metrics (e.g., revenue, EBITDA, TSR) | Not used for director equity | Director RSUs are time-based awards per program; no performance-tied metrics disclosed |
| Change-in-control provisions | Accelerated vesting (single trigger on CIC) | All director equity awards vest in full upon CIC |
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | None disclosed |
| Interlocks (Comp Committee) | None; no insider participation; none of Hippo’s executive officers served on boards/comp committees of entities with reciprocal executive overlap in FY2024 |
| Lead Independent Director (Board) | Sandra Wijnberg; presides over executive sessions |
Expertise & Qualifications
| Area of Expertise | Landman |
|---|---|
| Financial Literacy | Yes |
| Marketing, Sales & Business Development | Yes |
| Strategic Planning & M&A | Yes |
| Insurance Industry | Yes |
| Public Company Corporate Governance | Not marked (matrix shows checks for other directors) |
Equity Ownership
| Metric | As of Apr 1, 2024 | As of Apr 1, 2025 |
|---|---|---|
| Shares Beneficially Owned (#) | 4,706 | 13,733 |
| +60 Days Vested (#) | 0 | 0 |
| Ownership % of Outstanding | <1% | <1% (out of 25,153,524 shares outstanding) |
| Unvested Stock Awards Outstanding (#) | 6,570 | 5,801 |
| Hedging Policy | Hedging transactions prohibited for directors; designed to maintain alignment | |
| Stock Ownership Guidelines | Non-employee directors must hold ≥5× annual retainer within five years of later of election date or July 27, 2023; directors are either compliant or within time to comply |
Governance Assessment
- Board effectiveness: Landman chairs the Compensation Committee, which met four times in 2024, and also serves on Nominating & Corporate Governance; both committees’ independence affirmed; Radford (Aon) engaged as independent compensation consultant, with conflicts review completed—reduces risk of pay-setting bias .
- Alignment & incentives: Director equity is time-based RSUs with CIC acceleration (single-trigger vesting), which is industry-common but can weaken “at-risk” pay discipline in a sale; absence of performance metrics in director equity means governance influence isn’t directly tied to TSR or operating outcomes .
- Ownership & policies: Landman’s beneficial ownership increased YoY (4,706 → 13,733), within <1% of outstanding; Hippo’s 5× retainer ownership guideline and anti-hedging policy support alignment; no pledging policy disclosure identified .
- Independence & conflicts: Landman is NYSE-independent; no related-party transactions disclosed involving him; interlock statement indicates no cross-compensation committee interlocks—low conflict risk .
- Engagement: Board met 10 times in 2024 with directors ≥75% attendance; committees met regularly (Comp 4; NomGov 4), indicating active oversight .
- Structural risk: Classified (staggered) board and removal only for cause may entrench directors and delay control changes; investors should weigh entrenchment vs continuity benefits .
- Shareholder voice: As an Emerging Growth Company, Hippo does not hold non-binding say-on-pay—reduces direct shareholder feedback loop on compensation design .