Progressive CEO Susan Griffith's 2019 pay slips 1% to $14M
Progressive reports 2019 executive compensation
By ExecPay News
Published: March 30, 2020
Progressive reported fiscal year 2019 executive compensation information on March 30, 2020.
In 2019, six executives at Progressive received on average a compensation package of $5M, a 4% increase compared to previous year.
Average pay of disclosed executives at Progressive
Susan Patricia Griffith, Chief Executive Officer, received $14M in total, which decreased by 1% compared to 2018. 64% of Griffith's compensation, or $9M, was in stock awards. Griffith also received $4M in non-equity incentive plan, $888K in salary, as well as $105K in other compensation.
For fiscal year 2019, the median employee pay was $66,285 at Progressive. Therefore, the ratio of Susan Patricia Griffith's pay to the median employee pay was 212 to one.
John P. Sauerland, Chief Financial Officer, received a compensation package of $4.6M, which decreased by 36% compared to previous year. 48% of the compensation package, or $2.2M, was in stock awards.
Patrick K. Callahan, Personal Lines President, earned $3.2M in 2019, a 49% increase compared to previous year.
William M. Cody, Chief Investment Officer, received $2.7M in 2019, which decreases by 3% compared to 2018.
John A. Barbagallo, Commercial Lines President, earned $2.6M in 2019, a 4% increase compared to previous year.
Michael D. Sieger, Claims President, received $2.6M in 2019, which increases by 18% compared to 2018.
Related executives
You may also like
Source: SEC filing on March 30, 2020.