Brown & Brown CEO J Brown's 2021 pay jumps 27% to $9.2M
Brown & Brown reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
Brown & Brown reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, five executives at Brown & Brown received on average a compensation package of $4.6M, a 32% increase compared to previous year.
Average pay of disclosed executives at Brown & Brown
J. Powell Brown, Chief Executive Officer, received $9.2M in total, which increased by 27% compared to 2020. 43% of Brown's compensation, or $4M, was in non-equity incentive plan. Brown also received $1M in bonus, $1M in salary, $2.9M in stock awards, as well as $261K in other compensation.
For fiscal year 2021, the median employee pay was $91,957 at Brown & Brown. Therefore, the ratio of J. Powell Brown's pay to the median employee pay was 100 to one.
Chris L. Walker, Executive Vice President and President – National Programs segment, received a compensation package of $3.7M, which increased by 21% compared to previous year. 53% of the compensation package, or $2M, was in non-equity incentive plan.
P. Barrett Brown, Executive Vice President and President - Retail segment, earned $3.7M in 2021.
J. Scott Penny, Executive Vice President and Chief Acquisitions Officer, received $3.4M in 2021, which increases by 39% compared to 2020.
R. Andrew Watts, Chief Financial Officer, earned $3.2M in 2021, a 33% increase compared to previous year.
Related executives
J Brown
Brown & Brown
Chief Executive Officer
R Watts
Brown & Brown
Chief Financial Officer
P Brown
Brown & Brown
Executive Vice President and President - Retail segment
J Penny
Brown & Brown
Executive Vice President and Chief Acquisitions Officer
Chris Walker
Brown & Brown
Executive Vice President and President – National Programs segment
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Source: SEC filing on March 23, 2022.