Sundar PichaiSundar Pichai earned $164M in 2023

John J. Marchioni is the President and CEO of Selective Insurance Group, a role he has held since February 2020. He has been with the company for over 25 years, climbing the ranks from various positions starting as a Government...

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John J. Marchioni

CEO of Selective Insurance Group

Education

Princeton University and Harvard Business School Advanced Management Program

Field of Expertise

Business & Management

Sector of Economy

Financial Services

Born

January 1, 1969 - 56 years ago

CEO of Selective Insurance Group for

5 years 4 months (Feb 2020 - Present)

Previous Experience

Joined the Company in 1998 as a Government Affairs Specialist, promoted to Assistant Vice President of Government Affairs in 2000, named Vice President of Government Affairs in 2003, appointed Vice President and Strategic Business Unit Leader in 2004, Senior Vice President, Director of Personal Lines and Flood in 2005, promoted to Executive Vice President, Chief Field Operations Leader in 2007, and Executive Vice President, Insurance Operations in 2008.

Holdings

See how much did John J. Marchioni make over time.

John J. Marchioni holds 178,616 shares of Selective Insurance Group, which puts his investments in the company directly at stake. His holdings peaked significantly when he became CEO in 2020, reflecting his strong belief in the company's direction. Interestingly, his...

Mar 18, 2025

Total Stock Sold

$5.15M

SIGI

$5.15M

78,039.861 SIGI shares

What if they kept their stock?

If John J. Marchioni didn't sell their stock, today they would have:
Extra SIGI78,039.861 shares worth $4.06M.
This is -21.17% and $1.09M less than what they got when they sold the stock.

Charitable Transactions

SIGI

162,087 shares

SIGI

Recent Charitable Transactions

SIGI

1,002 shares

SIGI

Dec 3, 2024

Charity

SIGI

14,423 shares

SIGI

Feb 8, 2024

Charity

SIGI

980 shares

SIGI

Nov 9, 2023

Charity

SIGI

144,436 shares

SIGI

May 9, 2023

Charity

SIGI

1,246 shares

SIGI

Dec 7, 2021

Charity

Insider Trading

See recent insider trades of John J. Marchioni.

SIGI

1,002 shares

SIGI

Dec 3, 2024

Charity

SIGI

$200.53K

SIGI at $83.56/share

Jul 22, 2024

Purchase

SIGI

14,423 shares

SIGI

Feb 8, 2024

Charity

SIGI

14,423 shares

SIGI

Feb 8, 2024

Charity

SIGI

980 shares

SIGI

Nov 9, 2023

Charity

SIGI

$2.13M

SIGI at $102.01/share

Nov 9, 2023

Sale

SIGI

$297.42K

SIGI at $99.94/share

Aug 25, 2023

Sale

SIGI

144,436 shares

SIGI

May 9, 2023

Charity

SIGI

144,436 shares

SIGI

May 9, 2023

Charity

SIGI

44,423 shares

SIGI

Feb 1, 2022

Received

Compensation History

See how much did John J. Marchioni make over time.

In 2023, John J. Marchioni's total compensation reached approximately $5.98 million, highlighting the importance of performance in his pay structure. His salary was around $1 million, with a stunning performance-based bonus of $2 million, which accounted for 200% of his base salary. This bonus was awarded based on achieving key corporate performance metrics. Notably, Marchioni's focus has been largely on cash compensation, as there were no stock grants or options vested in 2023. Other compensations included contributions to retirement plans and tax prep services totaling about $98,850. His compensation strategy reflects a classic approach to incentivizing leadership, where cash bonuses are tied to tangible corporate results and metrics. Marchioni's past years also showcase similar trends, showing his commitment to driving successful outcomes for Selective, which ultimately benefits shareholders and the company's performance.

Year

2023

Total Compensation

$3.10M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executive talent to drive Selective's success by creating stockholder value through profitable growth and effective risk management. It emphasizes a balanced combination of short- and long-term incentive compensation, aligning executive interests with those of stockholders.

Bonus

$2.00M

Board Justification

The ACIP payment for 2023 was determined to be 200% of base salary based on the achievement of corporate performance metrics.

Other

$98.85K

Board Justification

Other compensation includes contributions to retirement plans and tax preparation services.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the focus is on cash compensation and performance-based awards that are not included in total calculations.

Performance Metrics

The performance metrics for determining the ACIP payment included financial metrics such as GAAP combined ratio and strategic measures related to corporate objectives.

Other Selective Insurance Group CEOs

Here are other CEOs of Selective Insurance Group