Michael D. Sieger
2019
In 2019, Michael D. Sieger earned a total compensation of $2.6M as Claims President at Progressive, a 18% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $896,231 |
|---|---|
| Salary | $469,231 |
| Stock Awards | $1,187,618 |
| Other | $12,000 |
| Total | $2,565,080 |
Sieger received $1.2M in stock awards, accounting for 46% of the total pay in 2019.
Sieger also received $896.2K in non-equity incentive plan, $469.2K in salary and $12K in other compensation.
Rankings
In 2019, Michael D. Sieger's compensation ranked 4,747th out of 13,971 executives tracked by ExecPay. In other words, Sieger earned more than 66.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,747 out of 13,971 | 66th |
Division Finance, Insurance, And Real Estate | 885 out of 2,901 | 70th |
Major group Insurance Carriers | 190 out of 384 | 51st |
Industry group Fire, Marine, And Casualty Insurance | 84 out of 200 | 58th |
Industry Fire, Marine, and Casualty Insurance | 84 out of 200 | 58th |
Pay ratio
| Michael D. Sieger's Pay | $2,565,080 |
|---|---|
| Median Employee's Pay | $66,285 |
| Pay Ratio | to 1 |
In 2019, the annual total compensation of Michael D. Sieger was $2,565,080.
The annual total compensation of the median employee at Progressive was $66,285.
The ratio of Michael D. Sieger's pay to the pay of median employee was therefore to one.
Source: SEC filing on March 29, 2021.
Sieger's colleagues
We found five more compensation records of executives who worked with Michael D. Sieger at Progressive in 2019.