Markel CEO Thomas Gayner's 2020 pay slips 13% to $4.2M
Markel reports 2020 executive compensation
By ExecPay News
Published: March 23, 2021
Markel reported fiscal year 2020 executive compensation information on March 23, 2021.
In 2020, six Markel executives received on average a compensation package of $2.7M, a 9% decrease compared to previous year.
Average pay of disclosed executives at Markel
Thomas S. Gayner, Chief Executive Officer, received $4.2M in total, which decreased by 13% compared to 2019. 50% of Gayner's compensation, or $2.1M, was in stock awards. Gayner also received $1.1M in non-equity incentive plan, $1M in salary, as well as $33K in other compensation.
For fiscal year 2020, the median employee pay was $41,907 at Markel. Therefore, the ratio of Thomas S. Gayner's pay to the median employee pay was 100 to one.
Richard R. Whitt, III, Chief Executive Officer, received a compensation package of $4.2M, which decreased by 13% compared to previous year. 50% of the compensation package, or $2.1M, was in stock awards.
Robert C. Cox, Chief Operating Officer, earned $2.4M in 2020, a 9% decrease compared to previous year.
Bradley J. Kiscaden, Chief Administrative Officer, received $2.4M in 2020, which decreases by 8% compared to 2019.
Jeremy A. Noble, Chief Financial Officer, earned $1.6M in 2020, a 12% increase compared to previous year.
Richard R. Grinnan, Chief Legal Officer, received $1.2M in 2020.
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Source: SEC filing on March 23, 2021.