Cincinnati Financial CEO Steven Johnston's 2018 pay falls 31% to $3.4M
Cincinnati Financial reports 2018 executive compensation
Published: March 13, 2019
Cincinnati Financial reported fiscal year 2018 executive compensation information on March 13, 2019.
In 2018, five executives at Cincinnati Financial received on average a compensation package of $2.4M, a 27% decrease compared to previous year.Average pay of disclosed executives at Cincinnati Financial
Steven J. Johnston, Chief Executive Officer, received $3.4M in total, which decreased by 31% compared to 2017. 29.77% of Johnston's compensation, or $1M, was in salary. Johnston also received $339.9K in non-equity incentive plan, $849.8K in option awards, $999.1K in stock awards, as well as $230.5K in other compensation.
For fiscal year 2018, the median employee pay was $88,046 at Cincinnati Financial. Therefore, the ratio of Steven J. Johnston's pay to the median employee pay was 39 to one.
Jacob F. Scherer, Jr, Chief Insurance Officer and Executive Vice President The Cincinnati Insurance Company, received a compensation package of $2.9M, which decreased by 20% compared to previous year. 32.88% of the compensation package, or $949.2K, was in salary.
Michael J. Sewell, Chief Financial Officer, earned $2.2M in 2018, a 24% decrease compared to previous year.
Martin F. Hollenbeck, Chief Investment Officer, received $1.8M in 2018, which decreases by 24% compared to 2017.
Martin J. Mullen, Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company, earned $1.6M in 2018, a 37% decrease compared to previous year.