Richard R. Whitt, III
2021
In 2021, Richard R. Whitt, III earned a total compensation of $4.6M as Co, Chief Executive Officer at Markel, a 10% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,181,250 |
|---|---|
| Salary | $1,043,269 |
| Stock Awards | $2,362,500 |
| Other | $28,422 |
| Total | $4,615,441 |
Whitt received $2.4M in stock awards, accounting for 51% of the total pay in 2021.
Whitt also received $1.2M in non-equity incentive plan, $1M in salary and $28.4K in other compensation.
Rankings
In 2021, Richard R. Whitt, III's compensation ranked 2,858th out of 12,406 executives tracked by ExecPay. In other words, Whitt earned more than 77.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,858 out of 12,406 | 77th |
Division Finance, Insurance, And Real Estate | 443 out of 2,278 | 81st |
Major group Insurance Carriers | 86 out of 279 | 69th |
Industry group Fire, Marine, And Casualty Insurance | 29 out of 140 | 79th |
Industry Fire, Marine, and Casualty Insurance | 29 out of 140 | 79th |
Pay ratio
| Richard R. Whitt, III's Pay | $4,615,441 |
|---|---|
| Median Employee's Pay | $42,786 |
| Pay Ratio | 108to 1 |
In 2021, the annual total compensation of Richard R. Whitt, III was $4,615,441.
The annual total compensation of the median employee at Markel was $42,786.
The ratio of Richard R. Whitt, III's pay to the pay of median employee was therefore 108 to one.
Source: SEC filing on March 24, 2022.
Whitt's colleagues
We found five more compensation records of executives who worked with Richard R. Whitt, III at Markel in 2021.