Michael D. Sieger
2020
In 2020, Michael D. Sieger earned a total compensation of $2.8M as Claims President at Progressive, a 8% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $991,384 |
|---|---|
| Salary | $516,346 |
| Stock Awards | $1,250,095 |
| Other | $12,750 |
| Total | $2,770,575 |
Sieger received $1.3M in stock awards, accounting for 45% of the total pay in 2020.
Sieger also received $991.4K in non-equity incentive plan, $516.3K in salary and $12.8K in other compensation.
Rankings
In 2020, Michael D. Sieger's compensation ranked 4,170th out of 13,090 executives tracked by ExecPay. In other words, Sieger earned more than 68.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,170 out of 13,090 | 68th |
Division Finance, Insurance, And Real Estate | 700 out of 2,550 | 73rd |
Major group Insurance Carriers | 134 out of 308 | 57th |
Industry group Fire, Marine, And Casualty Insurance | 61 out of 172 | 65th |
Industry Fire, Marine, and Casualty Insurance | 61 out of 172 | 65th |
Pay ratio
| Michael D. Sieger's Pay | $2,770,575 |
|---|---|
| Median Employee's Pay | $72,368 |
| Pay Ratio | 38to 1 |
In 2020, the annual total compensation of Michael D. Sieger was $2,770,575.
The annual total compensation of the median employee at Progressive was $72,368.
The ratio of Michael D. Sieger's pay to the pay of median employee was therefore 38 to one.
Source: SEC filing on March 29, 2021.
Sieger's colleagues
We found four more compensation records of executives who worked with Michael D. Sieger at Progressive in 2020.