Berkley W R Chairman William Berkley's 2020 pay slips 10% to $10M
Berkley W R reports 2020 executive compensation
By ExecPay News
Published: April 27, 2021
Berkley W R reported fiscal year 2020 executive compensation information on April 27, 2021.
In 2020, five executives at Berkley W R received on average a compensation package of $5.2M, a 2% increase compared to previous year.
William R. Berkley, Chairman, received $10M in total, which decreased by 10% compared to 2019. 49% of Berkley's compensation, or $5M, was in non-equity incentive plan. Berkley also received $1M in salary, $3.6M in stock awards, as well as $579K in other compensation.
For fiscal year 2020, the median employee pay was $92,457 at Berkley W R. Therefore, the ratio of William R. Berkley's pay to the median employee pay was 110 to one.
W. Robert Berkley, Jr, Chief Executive Officer, received a compensation package of $10M, which decreased by 9% compared to previous year. 50% of the compensation package, or $5M, was in non-equity incentive plan.
James G. Shiel, Executive Vice President Investments, earned $2M in 2020, a 5% decrease compared to previous year.
Lucille T. Sgaglione, Executive Vice President, received $2M in 2020, which decreases by 3% compared to 2019.
Richard M. Baio, Chief Financial Officer, earned $2M in 2020, a 1% decrease compared to previous year.