Markel CEO Thomas Gayner's 2019 pay jumps 30% to $4.8M
Markel reports 2019 executive compensation
By ExecPay News
Published: March 24, 2020
Markel reported fiscal year 2019 executive compensation information on March 24, 2020.
In 2019, six Markel executives received on average a compensation package of $2.9M, a 27% increase compared to previous year.
Average pay of disclosed executives at Markel
Thomas S. Gayner, Chief Executive Officer, received $4.8M in total, which increased by 30% compared to 2018. 49% of Gayner's compensation, or $2.4M, was in stock awards. Gayner also received $1.4M in non-equity incentive plan, $1M in salary, as well as $33K in other compensation.
For fiscal year 2019, the median employee pay was $39,303 at Markel. Therefore, the ratio of Thomas S. Gayner's pay to the median employee pay was 123 to one.
Richard R. Whitt, III, Chief Executive Officer, received a compensation package of $4.8M, which increased by 30% compared to previous year. 49% of the compensation package, or $2.4M, was in stock awards.
Robert C. Cox, Chief Operating Officer, earned $2.6M in 2019, a 31% increase compared to previous year.
Bradley J. Kiscaden, Chief Administrative Officer, received $2.6M in 2019, which increases by 30% compared to 2018.
Jeremy A. Noble, Chief Financial Officer, earned $1.4M in 2019, a 6% increase compared to previous year.
Linda V. Schreiner, Senior Vice President, Strategic Management, received $1.3M in 2019, which increases by 19% compared to 2018.
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Source: SEC filing on March 24, 2020.