Cincinnati Financial CEO Steven Johnston's 2021 pay jumps 69% to $6.5M
Cincinnati Financial reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Cincinnati Financial reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, five executives at Cincinnati Financial received on average a compensation package of $3.8M, a 57% increase compared to previous year.
Average pay of disclosed executives at Cincinnati Financial
Steven J. Johnston, Chief Executive Officer, received $6.5M in total, which increased by 69% compared to 2020. 43% of Johnston's compensation, or $2.8M, was in non-equity incentive plan. Johnston also received $1M in option awards, $1.1M in salary, $1.5M in stock awards, as well as $115K in other compensation.
For fiscal year 2021, the median employee pay was $105,458 at Cincinnati Financial. Therefore, the ratio of Steven J. Johnston's pay to the median employee pay was 62 to one.
Michael J. Sewell, Chief Financial Officer, received a compensation package of $3.8M, which increased by 57% compared to previous year. 36% of the compensation package, or $1.4M, was in non-equity incentive plan.
Stephen M. Spray, Chief Insurance Officer and Senior Vice President The Cincinnati Insurance Company, earned $3.2M in 2021, a 37% increase compared to previous year.
Martin F. Hollenbeck, Chief Investment Officer, received $3.1M in 2021, which increases by 55% compared to 2020.
John S. Kellington, Chief Information Officer and Senior Vice President The Cincinnati Insurance Company, earned $2.6M in 2021, a 59% increase compared to previous year.
Related executives
Steven Johnston
Cincinnati Financial
Chief Executive Officer
Michael Sewell
Cincinnati Financial
Chief Financial Officer
Martin Hollenbeck
Cincinnati Financial
Chief Investment Officer
John Kellington
Cincinnati Financial
Chief Information 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 24, 2022.