Markel CEO Thomas Gayner's 2021 pay rises 11% to $4.6M
Markel reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Markel reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, six Markel executives received on average a compensation package of $2.9M, a 9% increase compared to previous year.
Average pay of disclosed executives at Markel
Thomas S. Gayner, Chief Executive Officer, received $4.6M in total, which increased by 11% compared to 2020. 51% of Gayner's compensation, or $2.4M, was in stock awards. Gayner also received $1.2M in non-equity incentive plan, $1M in salary, as well as $38K in other compensation.
For fiscal year 2021, the median employee pay was $42,786 at Markel. Therefore, the ratio of Thomas S. Gayner's pay to the median employee pay was 108 to one.
Richard R. Whitt, III, Chief Executive Officer, received a compensation package of $4.6M, which increased by 10% compared to previous year. 51% of the compensation package, or $2.4M, was in stock awards.
Robert C. Cox, Chief Operating Officer, earned $2.5M in 2021, a 5% increase compared to previous year.
Bradley J. Kiscaden, Chief Administrative Officer, received $2.5M in 2021, which increases by 5% compared to 2020.
Jeremy A. Noble, Chief Financial Officer, earned $1.7M in 2021, a 8% increase compared to previous year.
Michael R. Heaton, President, Markel Ventures, received $1.4M in 2021.
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Source: SEC filing on March 24, 2022.