Berkley W R Chairman William Berkley's 2021 pay jumps 41% to $14M
Berkley W R reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
Berkley W R reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, five executives at Berkley W R received on average a compensation package of $7.2M, a 38% increase compared to previous year.
Average pay of disclosed executives at Berkley W R
William R. Berkley, Chairman, received $14M in total, which increased by 41% compared to 2020. 61% of Berkley's compensation, or $8.8M, was in non-equity incentive plan. Berkley also received $1M in salary, $3.9M in stock awards, as well as $648K in other compensation.
For fiscal year 2021, the median employee pay was $102,973 at Berkley W R. Therefore, the ratio of William R. Berkley's pay to the median employee pay was 139 to one.
W. Robert Berkley, Jr, Chief Executive Officer, received a compensation package of $14M, which increased by 42% compared to previous year. 62% of the compensation package, or $8.8M, was in non-equity incentive plan.
James G. Shiel, Executive Vice President Investments, earned $2.6M in 2021, a 26% increase compared to previous year.
Lucille T. Sgaglione, Executive Vice President, received $2.6M in 2021, which increases by 27% compared to 2020.
Richard M. Baio, Chief Financial Officer, earned $2.5M in 2021, a 26% increase compared to previous year.
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Source: SEC filing on April 29, 2022.