R. Andrew Watts

2021

In 2021, R. Andrew Watts earned a total compensation of $3.2M as Chief Financial Officer Executive Vice President and Treasurer at Brown & Brown, a 33% increase compared to previous year.

Compensation breakdown

Bonus$300,000
Non-Equity Incentive Plan$1,393,000
Salary$600,000
Stock Awards$832,964
Other$66,103
Total$3,192,067

Watts received $1.4M in non-equity incentive plan, accounting for 44% of the total pay in 2021.

Watts also received $300K in bonus, $600K in salary, $833K in stock awards and $66.1K in other compensation.

Rankings

In 2021, R. Andrew Watts' compensation ranked 4,191st out of 12,397 executives tracked by ExecPay. In other words, Watts earned more than 66.2% of executives.

ClassificationRankingPercentile
All
4,191
out of 12,397
66th
Division
Finance, Insurance, And Real Estate
636
out of 2,278
72nd
Major group
Insurance Agents, Brokers, And Service
27
out of 51
47th
Industry group
Insurance Agents, Brokers, And Service
27
out of 51
47th
Industry
Insurance Agents, Brokers, and Service
27
out of 51
47th

Pay ratio

R. Andrew Watts' Pay$3,192,067
Median Employee's Pay$91,957
Pay Ratio

35

to 1

In 2021, the annual total compensation of R. Andrew Watts was $3,192,067.

The annual total compensation of the median employee at Brown & Brown was $91,957.

The ratio of R. Andrew Watts' pay to the pay of median employee was therefore 35 to one.

Source: SEC filing on March 23, 2022.

Watts' colleagues

We found four more compensation records of executives who worked with R. Andrew Watts at Brown & Brown in 2021.

2021

J Brown

Brown & Brown

Chief Executive Officer

2021

Chris Walker

Brown & Brown

Executive Vice President and President – National Programs segment

2021

P Brown

Brown & Brown

Executive Vice President and President - Retail segment

2021

J Penny

Brown & Brown

Executive Vice President and Chief Acquisitions Officer

News

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