Brown & Brown Former Regional President and Chief Acquisitions Officer Thomas Riley's 2008 pay jumps 207% to $2.9M
Brown & Brown reports 2008 executive compensation
By ExecPay News
Published: March 19, 2009
Brown & Brown reported fiscal year 2008 executive compensation information on March 19, 2009.
In 2008, six executives at Brown & Brown received on average a compensation package of $2.3M, a 75% increase compared to previous year.
Average pay of disclosed executives at Brown & Brown
Thomas E. Riley, Former Regional President and Chief Acquisitions Officer, received $2.9M in total, which increased by 110% compared to 2007. 35% of Riley's compensation, or $1M, was in bonus. Riley also received $935K in option awards, $388K in salary, $485K in stock awards, as well as $84K in other compensation.
Jim W. Henderson, Chief Operating Officer, received a compensation package of $2.8M, which increased by 83% compared to previous year. 35% of the compensation package, or $984K, was in option awards.
J. Powell Brown, Chief Executive Officer, earned $2.5M in 2008, a 116% increase compared to previous year.
Kenneth D. Kirk, Regional President, received $2.1M in 2008, which increases by 75% compared to 2007.
J. Hyatt Brown, Chief Executive Officer, earned $1.7M in 2008, a 11% decrease compared to previous year.
Cory T. Walker, Chief Financial Officer, received $1.5M in 2008, which increases by 172% compared to 2007.
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Source: SEC filing on March 19, 2009.