Brown & Brown CEO J Brown's 2019 pay jumps 24% to $5.2M
Brown & Brown reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
Brown & Brown reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, five executives at Brown & Brown received on average a compensation package of $2.8M, a 26% increase compared to previous year.
Average pay of disclosed executives at Brown & Brown
J. Powell Brown, Chief Executive Officer, received $5.2M in total, which increased by 24% compared to 2018. 38% of Brown's compensation, or $1.9M, was in stock awards. Brown also received $250K in bonus, $1.8M in non-equity incentive plan, $1M in salary, as well as $232K in other compensation.
For fiscal year 2019, the median employee pay was $71,366 at Brown & Brown. Therefore, the ratio of J. Powell Brown's pay to the median employee pay was 73 to one.
Chris L. Walker, Executive Vice President and President - National Programs Segment, received a compensation package of $2.5M, which increased by 37% compared to previous year. 48% of the compensation package, or $1.2M, was in non-equity incentive plan.
Anthony T. Strianese, Executive Vice President and President - Wholesale Brokerage Segment, earned $2.4M in 2019, a 29% increase compared to previous year.
J. Scott Penny, Executive Vice President and Chief Acquisitions Officer, received $2.1M in 2019, which increases by 22% compared to 2018.
R. Andrew Watts, Chief Financial Officer, earned $2M in 2019, a 18% increase compared to previous year.
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Source: SEC filing on March 25, 2020.