Universal Insurance Holdings CEO Sean Downes' 2018 pay slips 7% to $18M
Universal Insurance Holdings reports 2018 executive compensation
By ExecPay News
Published: April 29, 2019
Universal Insurance Holdings reported fiscal year 2018 executive compensation information on April 29, 2019.
In 2018, five executives at Universal Insurance Holdings received on average a compensation package of $6.1M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Universal Insurance Holdings
Sean P. Downes, Chief Executive Officer, received $18M in total, which decreased by 7% compared to 2017. 37% of Downes' compensation, or $6.6M, was in non-equity incentive plan. Downes also received $5.4M in option awards, $2.2M in salary, $3.6M in stock awards, as well as $61K in other compensation.
For fiscal year 2018, the median employee pay was $64,090 at Universal Insurance Holdings. Therefore, the ratio of Sean P. Downes' pay to the median employee pay was 280 to one.
Jon W. Springer, President, Chief Risk Officer and Director, received a compensation package of $7.2M, which decreased by 15% compared to previous year. 54% of the compensation package, or $3.9M, was in non-equity incentive plan.
Stephen J. Donaghy, Chief Operating Officer, earned $2.6M in 2018, a 6% increase compared to previous year.
Frank C. Wilcox, Chief Financial Officer, received $2.3M in 2018, which increases by 238% compared to 2017.
Kimberly D. Campos, Chief Admin. Officer, Chief Information Officer and Director, earned $445K in 2018, a 40% increase compared to previous year.
Related executives
Sean Downes
Universal Insurance Holdings
Chairman
Jon Springer
Universal Insurance Holdings
Former President and Chief Risk Officer; Director
Stephen Donaghy
Universal Insurance Holdings
Chief Executive Officer
Frank Wilcox
Universal Insurance Holdings
Chief Financial Officer
Kimberly Campos
Universal Insurance Holdings
Chief Admin. Officer, Chief Information Officer and Director
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Source: SEC filing on April 29, 2019.