In 2016, Glenn M. Renwick earned $12.54M in total compensation at Progressive, including $750.00K salary, $1.13M bonus and $10.66M in stock. Most recently acquired 242 shares in Apr 2021. Currently holds stock worth $420.33M. Led Progressive as CEO for 15 years.
Compensation History
Annual executive compensation data for Glenn M. Renwick, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$12.54M
Salary
$750.00K
Bonus
$1.13M
Other
$0.00
Salary
$750.00KBoard Justification
The compensation philosophy focuses on aligning executive compensation with company performance, emphasizing performance-based pay and equity awards to retain top talent and drive shareholder value.
Bonus
$1.13MBoard Justification
Calculated based on a Gainshare Factor of 1.67 applied to a target bonus of 150% of salary, resulting in a cash bonus of $1,125,000 for 2016.
Other Compensation
$0.00Board Justification
No additional compensation reported for 2016.
Restricted Stock
Board Justification
Performance-based restricted stock units that vested in 2016, with a total fair value of $10,664,701 at the time of vesting.
Performance Metrics
Performance metrics for the Gainsharing program were based on the growth and profitability of the core insurance businesses, with a Gainshare Factor of 1.67 achieved in 2016.
Glenn M. Renwick
Ex-CEO of Progressive
Education
Bachelor's degree in Business Administration from the University of Notre Dame
Field of Expertise
Finance & Banking - Insurance
Sector of Economy
Financial Services
Born
April 1, 1961 - 64 years ago
CEO of Progressive for
15 years 6 months (Jan 2001 - Jul 2016)
Previous Experience
Various executive roles within Progressive Corporation
Other Progressive CEOs
Holdings
Track Glenn M. Renwick's stock holdings and portfolio value over time.
Total Stock Sold
$19.14M
$19.14M
743,159 PGR shares
What if they kept their stock?
If Glenn M. Renwick didn't sell their stock, today they would have:
Extra PGR743,159 shares worth $168.76M.
This is 781.65% and $149.62M more than what they got when they sold the stock.
Insider Trading
Glenn M. Renwick's recent stock transactions, purchases, and sales filed with the SEC.
242 shares
UNH
Apr 1, 2021
Received
166 shares
UNH
Mar 23, 2021
Received
254 shares
UNH
Jan 4, 2021
Received
178 shares
UNH
Dec 15, 2020
Received
284 shares
UNH
Oct 1, 2020
Received
204 shares
UNH
Sep 22, 2020
Received
500 shares
UNH
Jun 30, 2020
Received
374 shares
UNH
Apr 1, 2020
Received
230 shares
UNH
Mar 24, 2020
Received
304 shares
UNH
Jan 2, 2020
Received
Rivals
Compare Glenn M. Renwick with competitor CEOs and industry peers.
Mac Armstrong
CEO of Palomar Holdings, Inc.
2023 Compensation
Stock
$125.00K
Salary
$400.00K
Bonus
$150.00K
Other
$50.00K
Total Holdings
$17.31M
Thomas J. Wilson
CEO of Allstate
2023 Compensation
Stock
$7.88M
Salary
$1.39M
Bonus
$0.00
Other
$156.28K
Total Holdings
$13.18M
Paresh Patel
CEO of HCI Group
2023 Compensation
Stock
$933.40K
Salary
$950.00K
Bonus
$800.00K
Other
$37.85K
Total Holdings
$110.62M
Don Civgin
CEO of Allstate
2023 Compensation
Stock
$0.00
Salary
$1.39M
Bonus
$2.08M
Other
$0.00
Total Holdings
$280.83K