Universal Insurance Holdings Chairman Sean Downes' 2019 pay falls 70% to $5.4M
Universal Insurance Holdings reports 2019 executive compensation
By ExecPay News
Published: April 29, 2020
Universal Insurance Holdings reported fiscal year 2019 executive compensation information on April 29, 2020.
In 2019, five executives at Universal Insurance Holdings received on average a compensation package of $2.5M, a 59% decrease compared to previous year.
Average pay of disclosed executives at Universal Insurance Holdings
Sean P. Downes, Chairman, received $5.4M in total, which decreased by 70% compared to 2018. 43% of Downes' compensation, or $2.4M, was in stock awards. Downes also received $1M in bonus, $1M in option awards, $999K in salary, as well as $57K in other compensation.
For fiscal year 2019, the median employee pay was $76,822 at Universal Insurance Holdings. Therefore, the ratio of Sean P. Downes' pay to the median employee pay was 70 to one.
Stephen J. Donaghy, Chief Executive Officer, received a compensation package of $2.8M, which increased by 8% compared to previous year. 47% of the compensation package, or $1.3M, was in stock awards.
Jon W. Springer, President, Chief Risk Officer and Director, earned $2.8M in 2019, a 61% decrease compared to previous year.
Frank C. Wilcox, Chief Financial Officer, received $1.1M in 2019, which decreases by 52% compared to 2018.
Kimberly D. Campos, Chief Admin. Officer, Chief Information Officer and Director, earned $415K in 2019, a 7% decrease compared to previous year.
Related executives
Stephen Donaghy
Universal Insurance Holdings
Chief Executive Officer
Sean Downes
Universal Insurance Holdings
Chairman
Jon Springer
Universal Insurance Holdings
Former President and Chief Risk Officer; Director
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, 2020.