In 2023, Joseph W. Brown earned $3.02M in total compensation at Global Indemnity Group, LLC , including $1.00M salary and $2.00M bonus. Most recently acquired 2,000 shares in May 2024. Currently holds stock worth $6.75M. Led Global Indemnity Group, LLC as CEO for 1 years.
Compensation History
Annual executive compensation data for Joseph W. Brown, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.02M
Salary
$1.00M
Bonus
$2.00M
Other
$16.68K
Salary
$1.00MBoard Justification
The compensation philosophy aims to align executive compensation with company performance, peer benchmarking, and retention strategies, focusing on long-term shareholder value.
Bonus
$2.00MBoard Justification
Mr. Brown received a $2,000,000 cash bonus on March 15, 2024, per the terms of Mr. Brown’s CEO Agreement, based on performance metrics including underwriting income and service quality goals.
Other Compensation
$16.68KBoard Justification
Other compensation includes life insurance premiums and travel and housing expenses.
Restricted Stock
Board Justification
No stock awards vested in 2023 as Mr. Brown was not eligible for an equity bonus.
Performance Metrics
Performance metrics for 2023 included consolidated actual adjusted accident year underwriting income and gross written premiums.
Joseph W. Brown
Ex-CEO of Global Indemnity Group, LLC
Education
Bachelor's in Business Administration from University of Georgia.
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
March 22, 1953 - 72 years ago
CEO of Global Indemnity Group, LLC for
1 year 2 months (Oct 2022 - Dec 2023)
Previous Experience
CEO of MBIA Inc., Chairman of Safeco Corporation.
Other Global Indemnity Group, LLC CEOs
Holdings
Track Joseph W. Brown's stock holdings and portfolio value over time.
Insider Trading
Joseph W. Brown's recent stock transactions, purchases, and sales filed with the SEC.
$64.00K
GBLI at $32.00/share
May 15, 2024
Purchase
$259.74K
GBLI at $32.47/share
May 13, 2024
Purchase
$28.04K
GBLI at $23.23/share
Dec 31, 2022
Received
$156.26K
GBLI at $25.13/share
Sep 30, 2022
Received
$258.50K
GBLI at $25.85/share
Aug 18, 2022
Purchase
$156.25K
GBLI at $25.96/share
Jun 30, 2022
Received
$266.90K
GBLI at $26.69/share
May 17, 2022
Purchase
$156.25K
GBLI at $25.64/share
Mar 31, 2022
Received
$119.05K
GBLI at $25.78/share
Dec 31, 2021
Received
$541.50K
GBLI at $27.08/share
Nov 12, 2021
Purchase
Rivals
Compare Joseph W. Brown with competitor CEOs and industry peers.