Jacob F. Scherer, Jr

Cincinnati Financial

Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company

Overview

Jacob F. Scherer, Jr received an average compensation of $2,325,712 at Cincinnati Financial from 2006 to 2018.

Annual data

2018

Change in Pension Value and Nonqualified Deferred Compensation Earnings$621,358
Non-Equity Incentive Plan$185,918
Option Awards$464,800
Salary$949,152
Stock Awards$638,786
Other$26,991
Total$2,887,005

In 2018, Jacob F. Scherer, Jr earned a total compensation of $2,887,005 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $949,152 in salary, which accounts for 32.88% of total compensation.

Scherer also received $621,358 of change in pension value and nonqualified deferred compensation earnings, $185,918 in non-equity incentive plan, $464,800 in option awards, $638,786 in stock awards and $26,991 in other compensation.

Jacob F. Scherer, Jr's Pay$2,887,005
Median Employee's Pay$88,046
Pay Ratio33 : 1

For fiscal year 2018, the annual total compensation for Jacob F. Scherer, Jr was $2,887,005 and for the median employee at Cincinnati Financial was $88,046. The resulting ratio of Jacob F. Scherer, Jr's pay to the pay of median employee was 33 to one.

2017

Change in Pension Value and Nonqualified Deferred Compensation Earnings$506,246
Non-Equity Incentive Plan$1,203,350
Option Awards$451,262
Salary$921,351
Stock Awards$495,696
Other$35,832
Total$3,613,737

In 2017, Jacob F. Scherer, Jr earned a total compensation of $3,613,737 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $1,203,350 in non-equity incentive plan, which accounts for 33.30% of total compensation.

Scherer also received $506,246 of change in pension value and nonqualified deferred compensation earnings, $451,262 in option awards, $921,351 in salary, $495,696 in stock awards and $35,832 in other compensation.

2016

Change in Pension Value and Nonqualified Deferred Compensation Earnings$575,137
Non-Equity Incentive Plan$1,160,572
Option Awards$93,542
Salary$887,747
Stock Awards$581,968
Other$19,200
Total$3,318,166

In 2016, Jacob F. Scherer, Jr earned a total compensation of $3,318,166 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $1,160,572 in non-equity incentive plan, which accounts for 34.98% of total compensation.

Scherer also received $575,137 of change in pension value and nonqualified deferred compensation earnings, $93,542 in option awards, $887,747 in salary, $581,968 in stock awards and $19,200 in other compensation.

2015

Change in Pension Value and Nonqualified Deferred Compensation Earnings$721,831
Non-Equity Incentive Plan$169,015
Option Awards$90,465
Salary$863,477
Stock Awards$410,863
Other$13,842
Total$2,269,493

In 2015, Jacob F. Scherer, Jr earned a total compensation of $2,269,493 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $863,477 in salary, which accounts for 38.05% of total compensation.

Scherer also received $721,831 of change in pension value and nonqualified deferred compensation earnings, $169,015 in non-equity incentive plan, $90,465 in option awards, $410,863 in stock awards and $13,842 in other compensation.

2014

Change in Pension Value and Nonqualified Deferred Compensation Earnings$766,538
Non-Equity Incentive Plan$552,338
Option Awards$90,151
Salary$845,942
Stock Awards$325,573
Other$24,761
Total$2,605,303

In 2014, Jacob F. Scherer, Jr earned a total compensation of $2,605,303 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $845,942 in salary, which accounts for 32.47% of total compensation.

Scherer also received $766,538 of change in pension value and nonqualified deferred compensation earnings, $552,338 in non-equity incentive plan, $90,151 in option awards, $325,573 in stock awards and $24,761 in other compensation.

2013

Change in Pension Value and Nonqualified Deferred Compensation Earnings$576,577
Non-Equity Incentive Plan$1,072,500
Option Awards$87,210
Salary$813,462
Stock Awards$403,799
Other$17,882
Total$2,971,429

In 2013, Jacob F. Scherer, Jr earned a total compensation of $2,971,429 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $1,072,500 in non-equity incentive plan, which accounts for 36.09% of total compensation.

Scherer also received $576,577 of change in pension value and nonqualified deferred compensation earnings, $87,210 in option awards, $813,462 in salary, $403,799 in stock awards and $17,882 in other compensation.

2012

Change in Pension Value and Nonqualified Deferred Compensation Earnings$613,312
Non-Equity Incentive Plan$487,500
Option Awards$72,575
Salary$750,000
Stock Awards$358,430
Other$15,299
Total$2,297,116

In 2012, Jacob F. Scherer, Jr earned a total compensation of $2,297,116 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $750,000 in salary, which accounts for 32.65% of total compensation.

Scherer also received $613,312 of change in pension value and nonqualified deferred compensation earnings, $487,500 in non-equity incentive plan, $72,575 in option awards, $358,430 in stock awards and $15,299 in other compensation.

2011

Change in Pension Value and Nonqualified Deferred Compensation Earnings$383,887
Non-Equity Incentive Plan$487,500
Option Awards$69,587
Salary$734,177
Stock Awards$182,059
Other$13,751
Total$1,870,961

In 2011, Jacob F. Scherer, Jr earned a total compensation of $1,870,961 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $734,177 in salary, which accounts for 39.24% of total compensation.

Scherer also received $383,887 of change in pension value and nonqualified deferred compensation earnings, $487,500 in non-equity incentive plan, $69,587 in option awards, $182,059 in stock awards and $13,751 in other compensation.

2010

Change in Pension Value and Nonqualified Deferred Compensation Earnings$360,733
Option Awards$58,738
Salary$666,659
Stock Awards$136,461
Other$14,817
Total$1,237,408

In 2010, Jacob F. Scherer, Jr earned a total compensation of $1,237,408 as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $666,659 in salary, which accounts for 53.88% of total compensation.

Scherer also received $360,733 of change in pension value and nonqualified deferred compensation earnings, $58,738 in option awards, $136,461 in stock awards and $14,817 in other compensation.

2007

Bonus$380,632
Change in Pension Value and Nonqualified Deferred Compensation Earnings$139,082
Option Awards$175,085
Salary$411,090
Stock Awards$22,770
Other$14,263
Total$1,142,922

In 2007, Jacob F. Scherer, Jr earned a total compensation of $1,142,922 as Senior Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $411,090 in salary, which accounts for 35.97% of total compensation.

Scherer also received $380,632 in bonus, $139,082 of change in pension value and nonqualified deferred compensation earnings, $175,085 in option awards, $22,770 in stock awards and $14,263 in other compensation.

2006

Bonus$362,507
Change in Pension Value and Nonqualified Deferred Compensation Earnings$415,387
Option Awards$208,542
Salary$367,843
Stock Awards$452
Other$14,565
Total$1,369,296

In 2006, Jacob F. Scherer, Jr earned a total compensation of $1,369,296 as Senior Vice President The Cincinnati Insurance Company at Cincinnati Financial.

Scherer received $415,387 of change in pension value and nonqualified deferred compensation earnings, which accounts for 30.34% of total compensation.

Scherer also received $362,507 in bonus, $208,542 in option awards, $367,843 in salary, $452 in stock awards and $14,565 in other compensation.