Gallagher Arthur J & Co CEO Pat Gallagher's 2020 pay jumps 25% to $11M
Gallagher Arthur J & Co reports 2020 executive compensation
By ExecPay News
Published: March 19, 2021
Gallagher Arthur J & Co reported fiscal year 2020 executive compensation information on March 19, 2021.
In 2020, five executives at Gallagher Arthur J & Co received on average a compensation package of $5.2M, a 8% increase compared to previous year.
Average pay of disclosed executives at Gallagher Arthur J & Co
Pat Gallagher, Chief Executive Officer, received $11M in total, which increased by 25% compared to 2019. 39% of Gallagher's compensation, or $4.4M, was in non-equity incentive plan. Gallagher also received $98K of change in pension value and nonqualified deferred compensation earnings, $685K in option awards, $1.3M in salary, $3M in stock awards, as well as $1.8M in other compensation.
For fiscal year 2020, the median employee pay was $62,398 at Gallagher Arthur J & Co. Therefore, the ratio of Pat Gallagher's pay to the median employee pay was 179 to one.
Doug Howell, Chief Financial Officer, received a compensation package of $4.3M, which decreased by 2% compared to previous year. 36% of the compensation package, or $1.6M, was in non-equity incentive plan.
Tom Gallagher, President - Global P/C Brokerage, earned $4.2M in 2020, a 3% decrease compared to previous year.
Scott Hudson, President - Risk Management, received $3.3M in 2020, which increases by 1% compared to 2019.
Walt Bay, General Counsel, earned $3.2M in 2020, a 3% decrease compared to previous year.
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Source: SEC filing on March 19, 2021.