Berkley W R Chairman William Berkley's 2019 pay slips 8% to $11M
Berkley W R reports 2019 executive compensation
By ExecPay News
Published: April 27, 2020
Berkley W R reported fiscal year 2019 executive compensation information on April 27, 2020.
In 2019, six executives at Berkley W R received on average a compensation package of $5.1M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Berkley W R
William R. Berkley, Chairman, received $11M in total, which decreased by 8% compared to 2018. 55% of Berkley's compensation, or $6.2M, was in non-equity incentive plan. Berkley also received $1M in salary, $3.6M in stock awards, as well as $559K in other compensation.
For fiscal year 2019, the median employee pay was $105,106 at Berkley W R. Therefore, the ratio of William R. Berkley's pay to the median employee pay was 107 to one.
W. Robert Berkley, Jr, Chief Executive Officer, received a compensation package of $11M, which decreased by 7% compared to previous year. 54% of the compensation package, or $5.9M, was in non-equity incentive plan.
James G. Shiel, Executive Vice President Investments, earned $2.1M in 2019, a 6% decrease compared to previous year.
Ira S. Lederman, Secretary, received $2.1M in 2019, which decreases by 6% compared to 2018.
Lucille T. Sgaglione, Executive Vice President, earned $2.1M in 2019, a 3% decrease compared to previous year.
Richard M. Baio, Chief Financial Officer, received $2M in 2019, which increases by 6% compared to 2018.
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Source: SEC filing on April 27, 2020.