Gabriel Tirador has been at the helm of Mercury General Corporation as CEO since 2007. He graduated with a Bachelor's degree in Finance from UCLA, which laid a strong foundation for his career in the insurance industry. Under his guidance,...

Gabriel Tirador has been at the helm of Mercury General Corporation as CEO since 2007. He graduated with a Bachelor's degree in Finance from UCLA, which laid a strong foundation for his career in the insurance industry. Under his guidance, the company has navigated various economic conditions, maintaining a focus on underwriting profit and customer satisfaction. Interestingly, his total compensation for 2023 was about $1.97 million, with a significant part tied to his performance and the company's results. Over the years, Gabriel's bonuses fluctuated based on the company's profitability, suggesting he's very much involved in driving results. In 2020, his total compensation peaked at over $2.88 million, highlighting a period of strong performance. One key moment in his career was in 2018 when he requested not to be considered for a bonus, which shows a unique level of humility in leadership. He has made strategic decisions to maximize shareholder value and improve business operations, reflecting his commitment to the company's long-term success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Mercury General CEOs

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Gabriel Tirador

CEO of Mercury General

Education

Bachelor's degree in Accounting from California State University, Northridge

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

May 15, 1965 - 60 years ago

CEO of Mercury General for

18 years 6 months (Jan 2007 - Present)

Previous Experience

Vice President and Chief Financial Officer at Mercury General

Rivals

Competitors/colleagues of Gabriel Tirador

Holdings

See how much did Gabriel Tirador make over time.

Gabriel Tirador holds a significant position in Mercury General through shares and options. His investments in the company have seen various ups and downs, directly reflecting the company’s performance. For instance, in 2020, his expressed wealth peaked, but he experienced...

Gabriel Tirador holds a significant position in Mercury General through shares and options. His investments in the company have seen various ups and downs, directly reflecting the company’s performance. For instance, in 2020, his expressed wealth peaked, but he experienced fluctuations as market conditions and company earnings changed. His 2023 holdings maintained a solid position, aligning with the company's efforts to enhance profitability and stakeholder value. As a significant stakeholder, Tirador is motivated not only by his salary but also by the performance of the company’s stock. This personal stake highlights his commitment to ensuring the company operates in the best interest of shareholders and the market in which it competes.

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Total Stock Sold

$1.43M

MCY

$1.43M

27,990 MCY shares

What if they kept their stock?

If Gabriel Tirador didn't sell their stock, today they would have:
Extra MCY27,990 shares worth $1.12M.
This is -22.26% and $319.28K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gabriel Tirador.

MCY

$104.45K

MCY at $34.82/share

May 7, 2020

Purchase

MCY

$138.95K

MCY at $59.00/share

Aug 4, 2017

Sale

MCY

$138.95K

MCY at $59.00/share

Aug 4, 2017

Sale

MCY

$405.00K

MCY at $54.00/share

Mar 7, 2016

Sale

MCY

18,711 shares

MCY

Feb 22, 2016

Received

MCY

18,711 shares

MCY

Feb 22, 2016

Received

MCY

$131.72K

MCY at $55.93/share

Dec 4, 2014

Sale

MCY

$410.53K

MCY at $46.00/share

Sep 13, 2013

Sale

MCY

$203.50K

MCY at $45.22/share

May 13, 2013

Sale

Compensation History

See how much did Gabriel Tirador make over time.

In 2023, Gabriel Tirador received a total compensation package of $1,968,348, showcasing the strong performance-based structure of his pay. His salary comprised a substantial $1,220,767, paired with a cash bonus of $387,331 tied to both individual and corporate performance metrics. Notably, his total compensation reflects a significant drop from previous years when he earned over $2.88 million in 2020. This reduction shows how company performance can directly impact executive compensation. His pay structure includes components that reward successful company outcomes, aligning his interests with those of the shareholders. Gabriel’s compensation story emphasizes the importance of performance in the insurance sector, where market conditions deeply influence earnings and bonuses.

Year

2023

Total Compensation

$1.70M

Salary

$1.22M

Board Justification

The compensation program is designed to attract, motivate, and retain talented executives, aligning their incentives with the company's performance and shareholder value.

Bonus

$387.33K

Board Justification

Annual cash bonuses were based on the Mercury Incentive Plan, with 75% tied to corporate performance and 25% to individual performance. For 2023, the bonus pool tied to company performance was not funded, but individual performance bonuses were awarded based on subjective assessments.

Other

$90.25K

Board Justification

Other compensation includes director fees and perquisites such as personal use of company automobile and contributions to retirement plans.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023.

Performance Metrics

Compensation is tied to company performance metrics, including GAAP underwriting profit.

Other Mercury General CEOs

Here are other CEOs of Mercury General

George Joseph

Founder and Ex-CEO of Mercury General

January 1961 - December 2006