Cincinnati Financial CEO Steven Johnston's 2019 pay jumps 61% to $5.5M
Cincinnati Financial reports 2019 executive compensation
By ExecPay News
Published: March 18, 2020
Cincinnati Financial reported fiscal year 2019 executive compensation information on March 18, 2020.
In 2019, six executives at Cincinnati Financial received on average a compensation package of $3.4M, a 43% increase compared to previous year.
Average pay of disclosed executives at Cincinnati Financial
Steven J. Johnston, Chief Executive Officer, received $5.5M in total, which increased by 61% compared to 2018. 42% of Johnston's compensation, or $2.3M, was in non-equity incentive plan. Johnston also received $876K in option awards, $1.1M in salary, $1.2M in stock awards, as well as $108K in other compensation.
For fiscal year 2019, the median employee pay was $96,112 at Cincinnati Financial. Therefore, the ratio of Steven J. Johnston's pay to the median employee pay was 58 to one.
Martin J. Mullen, Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company, received a compensation package of $3.3M, which increased by 106% compared to previous year. 30% of the compensation package, or $978K, was of change in pension value and nonqualified deferred compensation earnings.
Michael J. Sewell, Chief Financial Officer, earned $3.2M in 2019, a 50% increase compared to previous year.
Jacob F. Scherer, Jr, Chief Insurance Officer and Executive Vice President Retired The Cincinnati Insurance Company, received $3.2M in 2019, which increases by 10% compared to 2018.
Martin F. Hollenbeck, Chief Investment Officer, earned $2.7M in 2019, a 49% increase compared to previous year.
Stephen M. Spray, Chief Insurance Officer and Senior Vice President The Cincinnati Insurance Company, received $2.5M in 2019.
Related executives
Steven Johnston
Cincinnati Financial
Chief Executive Officer
Jacob Scherer
Cincinnati Financial
Chief Insurance Officer and Executive Vice President Retired The Cincinnati Insurance Company
Michael Sewell
Cincinnati Financial
Chief Financial Officer
Martin Hollenbeck
Cincinnati Financial
Chief Investment Officer
Martin Mullen
Cincinnati Financial
Chief Claims Officer and Senior Vice President The Cincinnati Insurance Company
Stephen Spray
Cincinnati Financial
Chief Insurance Officer and Senior Vice President The Cincinnati Insurance Company
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Source: SEC filing on March 18, 2020.