Sundar PichaiSundar Pichai earned $164M in 2023

Kevin G. Burke has been leading Donegal Group Inc. since July 2015. He earned his Bachelor's degree in Business Administration from Villanova University and has built his career in the insurance sector, which means he knows this industry very well....

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Kevin G. Burke

CEO of Donegal Group

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

CEO of Donegal Group for

6 years 9 months (Sep 2018 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer of Donegal Mutual Insurance Company

Rivals

Competitors/colleagues of Kevin G. Burke

Holdings

See how much did Kevin G. Burke make over time.

Kevin G. Burke's stock holdings show a gradual increase in activity over the years. In 2019, his shares were valued around $96K to $107K monthly. By 2020, this had risen, reaching as much as $114.56K per month. The trend continued...

Mar 18, 2025

Total Stock Sold

$4.05M

DGICA

$4.05M

270,000 DGICA shares

What if they kept their stock?

If Kevin G. Burke didn't sell their stock, today they would have:
Extra DGICA270,000 shares worth $3.70M.
This is -8.73% and $353.40K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Kevin G. Burke.

DGICA

$15.47K

DGICA at $15.47/share

Jan 2, 2025

Received

DGICA

$7.00K

DGICA at $13.99/share

Jan 2, 2024

Received

DGICA

$700.56K

DGICA at $15.57/share

Jun 14, 2023

Sale

DGICA

$7.10K

DGICA at $14.20/share

Jan 3, 2023

Received

DGICA

$676.35K

DGICA at $15.03/share

Dec 1, 2022

Sale

DGICA

$7.15K

DGICA at $14.29/share

Jan 4, 2022

Received

DGICA

$1.11M

DGICA at $14.85/share

Mar 11, 2021

Sale

DGICA

$7.04K

DGICA at $14.07/share

Jan 4, 2021

Received

DGICA

$813.67K

DGICA at $14.79/share

Sep 10, 2020

Sale

DGICA

$7.41K

DGICA at $14.82/share

Jan 2, 2020

Received

Compensation History

See how much did Kevin G. Burke make over time.

Kevin G. Burke's compensation package has seen significant shifts since he assumed the CEO role in 2015. For instance, in 2021, his total compensation reached around $1.18 million, boosted by performance bonuses exceeding $173K based on the company’s success in premium growth. However, 2022 brought a dip, as he earned $1.18 million but missed bonus thresholds in 2023, resulting in a total drop to $914K. Despite this, his salary remains high, reflecting the board's strategy to retain top talent through competitive pay. Much of his compensation is tied to stock options, aligning his interests with shareholders. Still, the lack of a bonus in recent years shows the challenges in reaching business targets in a competitive market.

Year

2023

Total Compensation

$878.20K

Salary

$750.00K

Board Justification

The compensation philosophy aims to attract and retain talented executives while aligning their interests with those of stockholders through performance-based incentives.

Bonus

$0.00

Board Justification

No performance-based compensation was paid out in 2023 due to not meeting minimum thresholds for bonuses under the annual cash incentive bonus plan.

Other

$121.10K

Board Justification

Other compensation includes directors fees of $101,300 and a matching 401(k) plan contribution of $19,800 paid during 2023.

Restricted Stock

$7.10K(500 common stock)

Board Justification

500 shares of restricted stock vested in 2023, which were granted as part of the annual compensation for serving as a director.

Performance Metrics

The performance metrics for determining compensation in 2023 included premium growth rates and underwriting results, but no bonuses were paid due to thresholds not being met.

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