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David S. Charlton was the Chief Executive Officer of Global Indemnity Group, LLC from January 2019 until his departure in October 2022. He brings over 34 years of experience in the property and casualty insurance industry. Before leading Global Indemnity,...

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David S. Charlton

Ex-CEO of Global Indemnity Group

Education

Bachelor's in Economics from University of Chicago.

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

July 10, 1964 - 61 years ago

CEO of Global Indemnity Group for

0 years 0 months (Oct 2022 - Oct 2022)

Previous Experience

Various executive roles in insurance industry.

Rivals

Competitors/colleagues of David S. Charlton

Holdings

See how much did David S. Charlton make over time.

During his tenure at Global Indemnity, David S. Charlton's financial interests were tied closely to the performance of the company. His net worth included significant stock options, valued then at about $1.15 million in total compensation in 2022, which included...

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Insider Trading

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Compensation History

See how much did David S. Charlton make over time.

David S. Charlton's compensation package at Global Indemnity peaked at approximately $3.46 million in 2021, which included a base salary of $711,538 and a bonus of $701,370. His total compensation saw a dramatic drop to around $1.15 million in 2022 after he forfeited bonus opportunities when he left his role. This included no stock awards vesting, as all vested stock options disappeared alongside his exit from the company, demonstrating the volatility of roles such as his where performance metrics determined pay. His compensation strategy was aimed at aligning with company performance and shareholder interests, indicating that his earnings depended on the overall success of the business he managed. Consequently, this structure places significant risks on executives regarding the effectiveness of their strategies and management decisions in a competitive market.

Year

2022

Total Compensation

$1.15M

Salary

$884.62K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on attracting and retaining quality professionals.

Bonus

$0.00

Board Justification

Mr. Charlton forfeited any bonus opportunity when he ceased being employed by Global Indemnity in October 2022.

Other

$268.47K

Board Justification

Includes matching contributions under the 401(k) plan and cash severance payments.

Restricted Stock

$0.00(0 BVARs)

Board Justification

No stock awards vested in 2022 as Mr. Charlton forfeited his BVARs upon termination.

Performance Metrics

The performance metrics for Mr. Charlton's compensation were based on underwriting results, but he forfeited his bonus opportunity upon termination.

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