R. Andrew Watts
2020
In 2020, R. Andrew Watts earned a total compensation of $2.4M as Chief Financial Officer Executive Vice President and Treasurer at Brown & Brown, a 21% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,020,000 |
|---|---|
| Salary | $618,461 |
| Stock Awards | $687,830 |
| Other | $67,764 |
| Total | $2,394,055 |
Watts received $1M in non-equity incentive plan, accounting for 43% of the total pay in 2020.
Watts also received $618.5K in salary, $687.8K in stock awards and $67.8K in other compensation.
Rankings
In 2020, R. Andrew Watts' compensation ranked 4,750th out of 13,090 executives tracked by ExecPay. In other words, Watts earned more than 63.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,750 out of 13,090 | 64th |
Division Finance, Insurance, And Real Estate | 801 out of 2,550 | 69th |
Major group Insurance Agents, Brokers, And Service | 31 out of 52 | 40th |
Industry group Insurance Agents, Brokers, And Service | 31 out of 52 | 40th |
Industry Insurance Agents, Brokers, and Service | 31 out of 52 | 40th |
Pay ratio
| R. Andrew Watts' Pay | $2,394,055 |
|---|---|
| Median Employee's Pay | $66,820 |
| Pay Ratio | 36to 1 |
In 2020, the annual total compensation of R. Andrew Watts was $2,394,055.
The annual total compensation of the median employee at Brown & Brown was $66,820.
The ratio of R. Andrew Watts' pay to the pay of median employee was therefore 36 to one.
Source: SEC filing on March 23, 2021.
Watts' colleagues
We found four more compensation records of executives who worked with R. Andrew Watts at Brown & Brown in 2020.