In 2008, George Joseph earned $966.69K in total compensation at Mercury General, including $850.00K salary and $35.42K bonus. Most recently sold 34,000 shares in Mar 2021. Currently holds stock worth $1.76B. Has donated $1.07M in stock to charitable causes. Led Mercury General as CEO for 45 years.
Compensation History
Annual executive compensation data for George Joseph, including salary, bonuses, and stock awards.
Year
2008
Total Compensation
$966.69K
Salary
$850.00K
Bonus
$35.42K
Other
$81.27K
Salary
$850.00KBoard Justification
The compensation program is designed to attract, motivate, and retain talented executives while aligning their interests with the long-term goals of the company and its shareholders.
Bonus
$35.42KBoard Justification
Represents the annual one-half-month’s bonus awarded to all employees of the Company plus awards to the named executive officers as determined by Messrs. Joseph and Tirador based on the individual officer’s performance.
Other Compensation
$81.27KBoard Justification
Includes director’s fees, health insurance payments, personal use of company automobile, and club dues.
Restricted Stock
Board Justification
No stock was granted or vested in 2008.
Performance Metrics
Performance metrics for bonuses were based on the Company’s Underwriting Income, which was not positive in 2008.
George Joseph
Founder and Ex-CEO of Mercury General
Education
Bachelor's degree in Mathematics from Harvard University
Field of Expertise
Finance & Banking - Insurance
Sector of Economy
Financial Services
Born
September 11, 1922 - 103 years ago
CEO of Mercury General for
45 years 11 months (Jan 1961 - Dec 2006)
Previous Experience
Founder and CEO of Mercury General since 1961
Other Mercury General CEOs
Holdings
Track George Joseph's stock holdings and portfolio value over time.
Total Stock Sold
$2.93M
$2.93M
45,000 MCY shares
What if they kept their stock?
If George Joseph didn't sell their stock, today they would have:
Extra MCY45,000 shares worth $4.05M.
This is 38.31% and $1.12M more than what they got when they sold the stock.
Charitable Transactions
11,848 shares
MCY
Recent Charitable Transactions
$322.50K
MCY at $54.44/share
Sep 2, 2020
Charity
$322.50K
MCY at $54.44/share
Mar 7, 2016
Charity
Insider Trading
George Joseph's recent stock transactions, purchases, and sales filed with the SEC.
$2.21M
MCY at $65.06/share
Mar 11, 2021
Sale
$724.02K
MCY at $65.82/share
Mar 10, 2021
Sale
$2.49M
MCY at $39.27/share
May 22, 2020
Purchase
$2.27M
MCY at $38.72/share
May 20, 2020
Purchase
$1.01M
MCY at $38.86/share
May 19, 2020
Purchase
$1.57M
MCY at $37.80/share
May 15, 2020
Purchase
$4.41M
MCY at $35.94/share
May 14, 2020
Purchase
$5.69M
MCY at $36.25/share
May 13, 2020
Purchase
$2.20M
MCY at $37.00/share
May 12, 2020
Purchase
$2.37M
MCY at $35.65/share
May 11, 2020
Purchase
Rivals
Compare George Joseph with competitor CEOs and industry peers.