Brown & Brown CEO J Brown's 2020 pay jumps 40% to $7.3M
Brown & Brown reports 2020 executive compensation
By ExecPay News
Published: March 23, 2021
Brown & Brown reported fiscal year 2020 executive compensation information on March 23, 2021.
In 2020, five executives at Brown & Brown received on average a compensation package of $3.5M, a 24% increase compared to previous year.
Average pay of disclosed executives at Brown & Brown
J. Powell Brown, Chief Executive Officer, received $7.3M in total, which increased by 40% compared to 2019. 42% of Brown's compensation, or $3M, was in non-equity incentive plan. Brown also received $1M in salary, $2.9M in stock awards, as well as $251K in other compensation.
For fiscal year 2020, the median employee pay was $66,820 at Brown & Brown. Therefore, the ratio of J. Powell Brown's pay to the median employee pay was 109 to one.
Chris L. Walker, Executive Vice President and President - National Programs Segment, received a compensation package of $3.1M, which increased by 24% compared to previous year. 59% of the compensation package, or $1.8M, was in non-equity incentive plan.
J. Scott Penny, Executive Vice President and Chief Acquisitions Officer, earned $2.4M in 2020, a 17% increase compared to previous year.
R. Andrew Watts, Chief Financial Officer, received $2.4M in 2020, which increases by 21% compared to 2019.
Anthony T. Strianese, Chairman, earned $2.4M in 2020, a 2% decrease compared to previous year.
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Source: SEC filing on March 23, 2021.