Jacob F. Scherer, Jr
2016
In 2016, Jacob F. Scherer, Jr earned a total compensation of $3.3M as Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company at Cincinnati Financial, a 46% increase compared to previous year.
Compensation breakdown
| 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 |
Scherer received $1.2M in non-equity incentive plan, accounting for 35% of the total pay in 2016.
Scherer also received $575.1K of change in pension value and nonqualified deferred compensation earnings, $93.5K in option awards, $887.7K in salary, $582K in stock awards and $19.2K in other compensation.
Rankings
In 2016, Jacob F. Scherer, Jr's compensation ranked 2,828th out of 14,075 executives tracked by ExecPay. In other words, Scherer earned more than 79.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,828 out of 14,075 | 80th |
Division Finance, Insurance, And Real Estate | 571 out of 3,060 | 81st |
Major group Insurance Carriers | 130 out of 401 | 68th |
Industry group Fire, Marine, And Casualty Insurance | 57 out of 206 | 72nd |
Industry Fire, Marine, and Casualty Insurance | 57 out of 206 | 72nd |
Source: SEC filing on March 21, 2018.
Scherer's colleagues
We found three more compensation records of executives who worked with Jacob F. Scherer, Jr at Cincinnati Financial in 2016.