In 2023, John J. Marchioni earned $3.10M in total compensation at Selective Insurance Group, including $1.00M salary and $2.00M bonus. Most recently acquired 2,400 shares in Jul 2024. Currently holds stock worth $14.13M. Has donated $12.65M in stock to charitable causes. 5+ years at the helm of Selective Insurance Group.
Compensation History
Annual executive compensation data for John J. Marchioni, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.10M
Salary
$1.00M
Bonus
$2.00M
Other
$98.85K
Salary
$1.00MBoard 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
$2.00MBoard Justification
The ACIP payment for 2023 was determined to be 200% of base salary based on the achievement of corporate performance metrics.
Other Compensation
$98.85KBoard Justification
Other compensation includes contributions to retirement plans and tax preparation services.
Restricted Stock
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.
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 10 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.
Other Selective Insurance Group CEOs
Holdings
Track John J. Marchioni's stock holdings and portfolio value over time.
Total Stock Sold
$5.15M
$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 $6.05M.
This is 17.55% and $903.26K more than what they got when they sold the stock.
Charitable Transactions
163,089 shares
SIGI
Recent Charitable Transactions
2,004 shares
SIGI
Dec 3, 2024
Charity
14,423 shares
SIGI
Feb 8, 2024
Charity
980 shares
SIGI
Nov 9, 2023
Charity
144,436 shares
SIGI
May 9, 2023
Charity
1,246 shares
SIGI
Dec 7, 2021
Charity
Insider Trading
John J. Marchioni's recent stock transactions, purchases, and sales filed with the SEC.
2,004 shares
SIGI
Dec 3, 2024
Charity
$200.53K
SIGI at $83.56/share
Jul 22, 2024
Purchase
14,423 shares
SIGI
Feb 8, 2024
Charity
14,423 shares
SIGI
Feb 8, 2024
Charity
980 shares
SIGI
Nov 9, 2023
Charity
$2.13M
SIGI at $102.01/share
Nov 9, 2023
Sale
$297.42K
SIGI at $99.94/share
Aug 25, 2023
Sale
144,436 shares
SIGI
May 9, 2023
Charity
144,436 shares
SIGI
May 9, 2023
Charity
44,423 shares
SIGI
Feb 1, 2022
Received
Rivals
Compare John J. Marchioni with competitor CEOs and industry peers.
Joseph M. Zubretsky
CEO of The Hanover Insurance Group
2023 Compensation
Stock
$1.15M
Salary
$1.10M
Bonus
$2.04M
Other
$87.75K
Total Holdings
$556.20M
Alan D. Schnitzer
CEO of The Travelers Companies
2023 Compensation
Stock
$22.60M
Salary
$1.45M
Bonus
$6.00M
Other
$327.79K
Total Holdings
$20.41K
Steven R. Johnston
CEO of Cincinnati Financial
2023 Compensation
Stock
$0.00
Salary
$1.20M
Bonus
$0.00
Other
$233.32K
Total Holdings
$26.91M