Everest Group, Ltd. has disclosed a significant development in its corporate governance with the announcement of a Separation, Transition Services and General Release Agreement with its former Executive Vice President and General Counsel, Ricardo Anzaldua. The agreement, dated March 13, 2026, outlines a payment of $7.25 million to Mr. Anzaldua in recognition of his service and as part of the transition process. This payment includes certain accrued payments and other compensation and benefits under his employment agreement, as well as the forfeiture of previously granted equity awards. Furthermore, Mr. Anzaldua will provide advisory services to the company for up to nine months following the termination of his employment. The company has also agreed to waive his non-compete covenant upon the termination of these advisory services, while extending his employee non-solicit covenant for an additional six months. This move is seen as a strategic step in ensuring a smooth transition in leadership and maintaining operational continuity during this period of change. The full details of the agreement will be filed as an exhibit in a subsequent periodic report on Form 10-Q with the U.S. Securities and Exchange Commission, providing further transparency to stakeholders regarding the terms of this significant corporate action.

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