Jacob F. Scherer, Jr
2017
In 2017, Jacob F. Scherer, Jr earned a total compensation of $3.6M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial, a 9% increase compared to previous year.
Compensation breakdown
| 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 |
Scherer received $1.2M in non-equity incentive plan, accounting for 33% of the total pay in 2017.
Scherer also received $506.2K of change in pension value and nonqualified deferred compensation earnings, $451.3K in option awards, $921.4K in salary, $495.7K in stock awards and $35.8K in other compensation.
Rankings
In 2017, Jacob F. Scherer, Jr's compensation ranked 2,911th out of 14,666 executives tracked by ExecPay. In other words, Scherer earned more than 80.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,911 out of 14,666 | 80th |
Division Finance, Insurance, And Real Estate | 558 out of 3,159 | 82nd |
Major group Insurance Carriers | 129 out of 433 | 70th |
Industry group Fire, Marine, And Casualty Insurance | 50 out of 211 | 76th |
Industry Fire, Marine, and Casualty Insurance | 50 out of 211 | 76th |
Source: SEC filing on March 21, 2018.
Scherer's colleagues
We found four more compensation records of executives who worked with Jacob F. Scherer, Jr at Cincinnati Financial in 2017.
2017
Steven Johnston
Cincinnati Financial
Chief Executive Officer
2017
Michael Sewell
Cincinnati Financial
Chief Financial Officer
2017
Martin Mullen
Cincinnati Financial
Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company
2017
Martin Hollenbeck
Cincinnati Financial