Neal R. Scharmer

2019

In 2019, Neal R. Scharmer earned a total compensation of $836K as VP, General Counsel, Secretary at United Fire Group, a 5% decrease compared to previous year.

Compensation breakdown

Change in Pension Value and Nonqualified Deferred Compensation Earnings$267,789
Non-Equity Incentive Plan$54,438
Option Awards$37,497
Salary$335,000
Stock Awards$93,653
Other$47,608
Total$835,985

Scharmer received $335K in salary, accounting for 40% of the total pay in 2019.

Scharmer also received $267.8K of change in pension value and nonqualified deferred compensation earnings, $54.4K in non-equity incentive plan, $37.5K in option awards, $93.7K in stock awards and $47.6K in other compensation.

Rankings

In 2019, Neal R. Scharmer's compensation ranked 10,038th out of 13,971 executives tracked by ExecPay. In other words, Scharmer earned more than 28.2% of executives.

ClassificationRankingPercentile
All
10,038
out of 13,971
28th
Division
Finance, Insurance, And Real Estate
1,909
out of 2,894
34th
Major group
Insurance Carriers
317
out of 384
17th
Industry group
Fire, Marine, And Casualty Insurance
150
out of 200
25th
Industry
Fire, Marine, and Casualty Insurance
150
out of 200
25th

Pay ratio

Neal R. Scharmer's Pay$835,985
Median Employee's Pay$78,796
Pay Ratio

11

to 1

In 2019, the annual total compensation of Neal R. Scharmer was $835,985.

The annual total compensation of the median employee at United Fire Group was $78,796.

The ratio of Neal R. Scharmer's pay to the pay of median employee was therefore 11 to one.

Source: SEC filing on April 7, 2020.

Scharmer's colleagues

We found four more compensation records of executives who worked with Neal R. Scharmer at United Fire Group in 2019.

2019

Randy Ramlo

United Fire Group

Chief Executive Officer

2019

Michael Wilkins

United Fire Group

Chief Operating Officer

2019

Dawn Jaffray

United Fire Group

Chief Financial Officer

2019

Barrie Ernst

United Fire Group

Chief Investment Officer

News

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