Richard M. Baio
2021
In 2021, Richard M. Baio earned a total compensation of $2.5M as Executive Vice President Chief Financial Officer at Berkley W R, a 26% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,213,038 |
|---|---|
| Salary | $654,333 |
| Stock Awards | $550,004 |
| Other | $65,854 |
| Total | $2,483,229 |
Baio received $1.2M in non-equity incentive plan, accounting for 49% of the total pay in 2021.
Baio also received $654.3K in salary, $550K in stock awards and $65.9K in other compensation.
Rankings
In 2021, Richard M. Baio's compensation ranked 5,175th out of 12,415 executives tracked by ExecPay. In other words, Baio earned more than 58.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 5,175 out of 12,415 | 58th |
Division Finance, Insurance, And Real Estate | 782 out of 2,276 | 66th |
Major group Insurance Carriers | 150 out of 279 | 46th |
Industry group Fire, Marine, And Casualty Insurance | 62 out of 140 | 56th |
Industry Fire, Marine, and Casualty Insurance | 62 out of 140 | 56th |
Pay ratio
| Richard M. Baio's Pay | $2,483,229 |
|---|---|
| Median Employee's Pay | $102,973 |
| Pay Ratio | 24to 1 |
In 2021, the annual total compensation of Richard M. Baio was $2,483,229.
The annual total compensation of the median employee at Berkley W R was $102,973.
The ratio of Richard M. Baio's pay to the pay of median employee was therefore 24 to one.
Source: SEC filing on April 29, 2022.
Baio's colleagues
We found four more compensation records of executives who worked with Richard M. Baio at Berkley W R in 2021.