Brown & Brown CEO J Brown's 2018 pay slips 10% to $4.2M
Brown & Brown reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Brown & Brown reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, five executives at Brown & Brown received on average a compensation package of $2.3M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Brown & Brown
J. Powell Brown, Chief Executive Officer, received $4.2M in total, which decreased by 10% compared to 2017. 46% of Brown's compensation, or $1.9M, was in stock awards. Brown also received $1M in non-equity incentive plan, $1M in salary, as well as $208K in other compensation.
For fiscal year 2018, the median employee pay was $66,650 at Brown & Brown. Therefore, the ratio of J. Powell Brown's pay to the median employee pay was 63 to one.
Anthony T. Strianese, Executive Vice President and President - Wholesale Brokerage Segment, received a compensation package of $1.9M, which decreased by 19% compared to previous year. 39% of the compensation package, or $731K, was in non-equity incentive plan.
Chris L. Walker, Executive Vice President and President - National Programs Segment, earned $1.8M in 2018, a 21% decrease compared to previous year.
J. Scott Penny, Executive Vice President and Chief Acquisitions Officer, received $1.7M in 2018, which decreases by 15% compared to 2017.
R. Andrew Watts, Chief Financial Officer, earned $1.7M in 2018, a 10% decrease compared to previous year.
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Source: SEC filing on March 21, 2019.