Gallagher Arthur J & Co CEO Pat Gallagher's 2021 pay jumps 24% to $14M
Gallagher Arthur J & Co reports 2021 executive compensation
By ExecPay News
Published: March 22, 2022
Gallagher Arthur J & Co reported fiscal year 2021 executive compensation information on March 22, 2022.
In 2021, five executives at Gallagher Arthur J & Co received on average a compensation package of $6.8M, a 31% increase compared to previous year.
Average pay of disclosed executives at Gallagher Arthur J & Co
Pat Gallagher, Chief Executive Officer, received $14M in total, which increased by 24% compared to 2020. 37% of Gallagher's compensation, or $5.2M, was in non-equity incentive plan. Gallagher also received $19K of change in pension value and nonqualified deferred compensation earnings, $1.8M in option awards, $1.3M in salary, $3.7M in stock awards, as well as $1.9M in other compensation.
For fiscal year 2021, the median employee pay was $64,135 at Gallagher Arthur J & Co. Therefore, the ratio of Pat Gallagher's pay to the median employee pay was 216 to one.
Tom Gallagher, President - Global P/C Brokerage, received a compensation package of $6.5M, which increased by 55% compared to previous year. 31% of the compensation package, or $2M, was in non-equity incentive plan.
Doug Howell, Chief Financial Officer, earned $5.6M in 2021, a 29% increase compared to previous year.
Walt Bay, General Counsel, received $4.4M in 2021, which increases by 39% compared to 2020.
Scott Hudson, President - Risk Management, earned $3.8M in 2021, a 17% increase compared to previous year.
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Source: SEC filing on March 22, 2022.