In 2023, George M. Murphy earned $962.78K in total compensation at Safety Insurance Group, primarily from $800.00K salary. Most recently acquired 12,497 shares in Feb 2024. Currently holds stock worth $12.36M. 9+ years at the helm of Safety Insurance Group.
Compensation History
Annual executive compensation data for George M. Murphy, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$962.78K
Salary
$800.00K
Bonus
$0.00
Other
$162.78K
Salary
$800.00KBoard Justification
The compensation philosophy is to attract, motivate, and retain key executives while aligning their interests with those of stockholders through performance-based incentives.
Bonus
$0.00Board Justification
No annual incentive bonus was paid for 2023 due to performance results being below threshold.
Other Compensation
$162.78KBoard Justification
Includes employer matching contributions to the EICP, 401(k) match, and other benefits such as life insurance premiums and use of a company car.
Restricted Stock
Board Justification
No stock grants were vested in 2023 as the performance metrics were not met.
Performance Metrics
The primary performance metrics for 2023 included earnings before interest, taxes, changes in unrealized gains and losses on equity securities and credit loss expense, and combined ratio.
George M. Murphy
CEO of Safety Insurance Group
Education
Not specified
Field of Expertise
Sales & Marketing - Marketing
Sector of Economy
Financial Services
Born
January 1, 1966 - 59 years ago
CEO of Safety Insurance Group for
9 years 8 months (Apr 2016 - Present)
Previous Experience
Held various marketing positions with the Company since 1989; served as Vice President of Marketing since 2005.
Other Safety Insurance Group CEOs
Holdings
Track George M. Murphy's stock holdings and portfolio value over time.
Total Stock Sold
$601.41K
$601.41K
11,229 SAFT shares
What if they kept their stock?
If George M. Murphy didn't sell their stock, today they would have:
Extra SAFT11,229 shares worth $837.68K.
This is 39.29% and $236.28K more than what they got when they sold the stock.
Insider Trading
George M. Murphy's recent stock transactions, purchases, and sales filed with the SEC.
12,497 shares
SAFT
Feb 27, 2024
Received
11,220 shares
SAFT
Feb 22, 2023
Received
10,222 shares
SAFT
Feb 23, 2022
Received
10,151 shares
SAFT
Feb 24, 2021
Received
8,781 shares
SAFT
Feb 26, 2020
Received
8,351 shares
SAFT
Feb 26, 2019
Received
10,891 shares
SAFT
Feb 26, 2018
Received
$179.67K
SAFT at $71.87/share
Feb 22, 2017
Sale
10,764 shares
SAFT
Feb 22, 2017
Received
10,000 shares
SAFT
Apr 1, 2016
Received
Rivals
Compare George M. Murphy with competitor CEOs and industry peers.