Markel COO F Crowley receives $1.3M in 2009
Markel reports 2009 executive compensation
By ExecPay News
Published: March 19, 2010
Markel reported fiscal year 2009 executive compensation information on March 19, 2010.
In 2009, six Markel executives received on average a compensation package of $1M, a 7% increase compared to previous year.
Average pay of disclosed executives at Markel
F. Michael Crowley, Chief Operating Officer, received $1.3M in total. 40% of Crowley's compensation, or $500K, was in stock awards. Crowley also received $268K in non-equity incentive plan, $494K in salary, as well as $3.7K in other compensation.
Gerard Albanese, Chief Underwriting Officer, received a compensation package of $1.2M. 33% of the compensation package, or $400K, was in bonus.
Alan I. Kirshner, Chief Executive Officer, earned $1M in 2009, a 42% increase compared to previous year.
Steven A. Markel, Chairman, received $987K in 2009, which increases by 44% compared to 2008.
Richard R. Whitt, III, Chief Operating Officer, earned $856K in 2009, a 24% decrease compared to previous year.
Thomas S. Gayner, Chief Investment Officer, received $815K in 2009, which decreases by 37% compared to 2008.
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Source: SEC filing on March 19, 2010.