United Fire Group CEO Randy Ramlo's 2019 pay falls 28% to $2.3M
United Fire Group reports 2019 executive compensation
By ExecPay News
Published: April 7, 2020
United Fire Group reported fiscal year 2019 executive compensation information on April 7, 2020.
In 2019, five executives at United Fire Group received on average a compensation package of $1.3M, a 20% decrease compared to previous year.
Average pay of disclosed executives at United Fire Group
Randy A. Ramlo, Chief Executive Officer, received $2.3M in total, which decreased by 28% compared to 2018. 35% of Ramlo's compensation, or $800K, was in salary. Ramlo also received $310K of change in pension value and nonqualified deferred compensation earnings, $256K in non-equity incentive plan, $188K in option awards, $469K in stock awards, as well as $244K in other compensation.
For fiscal year 2019, the median employee pay was $78,796 at United Fire Group. Therefore, the ratio of Randy A. Ramlo's pay to the median employee pay was 29 to one.
Michael T. Wilkins, Chief Operating Officer, received a compensation package of $1.4M, which decreased by 11% compared to previous year. 35% of the compensation package, or $490K, was in salary.
Dawn M. Jaffray, Chief Financial Officer, earned $1M in 2019, a 20% decrease compared to previous year.
Barrie W. Ernst, Chief Investment Officer, received $894K in 2019, which decreases by 23% compared to 2018.
Neal R. Scharmer, General Counsel, earned $836K in 2019, a 5% decrease compared to previous year.
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Source: SEC filing on April 7, 2020.