Michael McGavick
2010
In 2010, Michael McGavick earned a total compensation of $10.5M as Chief Executive Officer at XL Group, a 69% increase compared to previous year.
Compensation breakdown
| Bonus | $2,000,000 |
|---|---|
| Non-Equity Incentive Plan | $933,333 |
| Option Awards | $3,102,159 |
| Salary | $1,000,000 |
| Stock Awards | $2,824,309 |
| Other | $621,756 |
| Total | $10,481,557 |
McGavick received $3.1M in option awards, accounting for 30% of the total pay in 2010.
McGavick also received $2M in bonus, $933.3K in non-equity incentive plan, $1M in salary, $2.8M in stock awards and $621.8K in other compensation.
Rankings
In 2010, Michael McGavick's compensation ranked 289th out of 10,439 executives tracked by ExecPay. In other words, McGavick earned more than 97.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 289 out of 10,439 | 97th |
Division Finance, Insurance, And Real Estate | 66 out of 2,356 | 97th |
Major group Insurance Carriers | 16 out of 345 | 95th |
Industry group Fire, Marine, And Casualty Insurance | 5 out of 188 | 97th |
Industry Fire, Marine, and Casualty Insurance | 5 out of 188 | 97th |
Source: SEC filing on March 11, 2013.
McGavick's colleagues
We found five more compensation records of executives who worked with Michael McGavick at XL Group in 2010.
2010
James Veghte
XL Group
Executive Vice President, Chief Executive of Reinsurance Operations
2010
Irene Esteves
XL Group
Chief Financial Officer
2010
David Duclos
XL Group
Executive Vice President, Chief Executive of Insurance Operations of the Company
2010
Sarah Street
XL Group
Chief Investment Officer
2010
Simon Rich
XL Group