Gallagher Arthur J & Co CEO Pat Gallagher's 2019 pay rises 11% to $9M
Gallagher Arthur J & Co reports 2019 executive compensation
By ExecPay News
Published: March 23, 2020
Gallagher Arthur J & Co reported fiscal year 2019 executive compensation information on March 23, 2020.
In 2019, five executives at Gallagher Arthur J & Co received on average a compensation package of $4.8M, a 5% increase compared to previous year.
Average pay of disclosed executives at Gallagher Arthur J & Co
Pat Gallagher, Chief Executive Officer, received $9M in total, which increased by 11% compared to 2018. 42% of Gallagher's compensation, or $3.8M, was in non-equity incentive plan. Gallagher also received $120K of change in pension value and nonqualified deferred compensation earnings, $472K in option awards, $1.3M in salary, $2.1M in stock awards, as well as $1.3M in other compensation.
For fiscal year 2019, the median employee pay was $56,067 at Gallagher Arthur J & Co. Therefore, the ratio of Pat Gallagher's pay to the median employee pay was 160 to one.
Doug Howell, Chief Financial Officer, received a compensation package of $4.4M, which increased by 6% compared to previous year. 41% of the compensation package, or $1.8M, was in non-equity incentive plan.
Tom Gallagher, President - Global P/C Brokerage, earned $4.3M in 2019, a 4% decrease compared to previous year.
Walt Bay, General Counsel, received $3.3M in 2019, which increases by 6% compared to 2018.
Scott Hudson, President - Risk Management, earned $3.2M in 2019, a 1% increase compared to previous year.
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Source: SEC filing on March 23, 2020.