Neal R. Scharmer

2018

In 2018, Neal R. Scharmer earned a total compensation of $879.5K as VP, General Counsel, Secretary at United Fire Group, a 2% decrease compared to previous year.

Compensation breakdown

Bonus$217,226
Change in Pension Value and Nonqualified Deferred Compensation Earnings$54,590
Non-Equity Incentive Plan$81,685
Option Awards$37,500
Salary$327,000
Stock Awards$113,950
Other$47,558
Total$879,509

Scharmer received $327K in salary, accounting for 37% of the total pay in 2018.

Scharmer also received $217.2K in bonus, $54.6K of change in pension value and nonqualified deferred compensation earnings, $81.7K in non-equity incentive plan, $37.5K in option awards, $114K in stock awards and $47.6K in other compensation.

Rankings

In 2018, Neal R. Scharmer's compensation ranked 9,785th out of 14,244 executives tracked by ExecPay. In other words, Scharmer earned more than 31.3% of executives.

ClassificationRankingPercentile
All
9,785
out of 14,244
31st
Division
Finance, Insurance, And Real Estate
1,806
out of 2,986
40th
Major group
Insurance Carriers
313
out of 401
22nd
Industry group
Fire, Marine, And Casualty Insurance
144
out of 202
29th
Industry
Fire, Marine, and Casualty Insurance
144
out of 202
29th

Pay ratio

Neal R. Scharmer's Pay$879,509
Median Employee's Pay$75,601
Pay Ratio

12

to 1

In 2018, the annual total compensation of Neal R. Scharmer was $879,509.

The annual total compensation of the median employee at United Fire Group was $75,601.

The ratio of Neal R. Scharmer's pay to the pay of median employee was therefore 12 to one.

Source: SEC filing on April 2, 2019.

Scharmer's colleagues

We found four more compensation records of executives who worked with Neal R. Scharmer at United Fire Group in 2018.

2018

Randy Ramlo

United Fire Group

Chief Executive Officer

2018

Michael Wilkins

United Fire Group

Chief Operating Officer

2018

Dawn Jaffray

United Fire Group

Chief Financial Officer

2018

Barrie Ernst

United Fire Group

Chief Investment Officer

News

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