In 2023, Richard P. McKenney earned $20.48M in total compensation at Unum, including $1.10M salary, $4.33M bonus and $14.18M in stock. Most recently sold 58,865 shares in Nov 2024. Currently holds stock worth $68.55M. Has donated $953.42K in stock to charitable causes. Has led Unum for over 10 years.
Compensation History
Annual executive compensation data for Richard P. McKenney, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$20.48M
Salary
$1.10M
Bonus
$4.33M
Other
$863.48K
Salary
$1.10MBoard Justification
The compensation philosophy aligns with performance goals, shareholder interests, and retention strategies, ensuring that a significant portion of compensation is performance-based.
Bonus
$4.33MBoard Justification
Calculated by applying the company performance achievement factor of 140% and a strategic objectives modifier of 112.5% to his target award for 2023.
Other Compensation
$863.48KBoard Justification
Includes various forms of compensation such as financial planning services, tax reimbursements, and matching contributions under retirement plans.
Restricted Stock
Board Justification
Represents the aggregate value of outstanding and unvested restricted stock units (RSUs) and stock success units (SSUs) based on the closing stock price of $45.22 on December 29, 2023, the last trading day of the year.
Performance Metrics
Performance metrics include after-tax adjusted operating earnings per share, consolidated adjusted operating return on equity, earned premium, sales, customer experience, and operating expense ratio.
Richard P. McKenney
CEO of Unum
Education
Bachelor's degree in Finance from the University of Massachusetts Amherst; MBA from the University of Massachusetts Amherst
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1963 - 62 years ago
CEO of Unum for
10 years 11 months (Jan 2015 - Present)
Previous Experience
President and Chief Operating Officer of Unum Group; various leadership roles in the company since 2001
Other Unum CEOs
Holdings
Track Richard P. McKenney's stock holdings and portfolio value over time.
Total Stock Sold
$19.35M
$19.35M
439,894 UNM shares
What if they kept their stock?
If Richard P. McKenney didn't sell their stock, today they would have:
Extra UNM439,894 shares worth $32.26M.
This is 66.71% and $12.91M more than what they got when they sold the stock.
Charitable Transactions
13,000 shares
UNM
Recent Charitable Transactions
3,000 shares
UNM
Aug 14, 2024
Charity
10,000 shares
UNM
May 14, 2021
Charity
Insider Trading
Richard P. McKenney's recent stock transactions, purchases, and sales filed with the SEC.
$4.42M
UNM at $75.07/share
Nov 21, 2024
Sale
$3.73M
UNM at $54.98/share
Sep 5, 2024
Sale
3,000 shares
UNM
Aug 14, 2024
Charity
$2.46M
UNM at $49.15/share
Mar 1, 2024
Sale
108,392 shares
UNM
Mar 1, 2024
Received
$607.32K
USB at $30.37/share
May 5, 2023
Purchase
98,749 shares
UNM
Mar 1, 2023
Received
245,946.6 shares
UNM
Feb 20, 2023
Received
$1.61M
UNM at $40.13/share
Aug 25, 2022
Sale
$1.29M
UNM at $36.49/share
May 10, 2022
Sale
Rivals
Compare Richard P. McKenney with competitor CEOs and industry peers.
Mary T. Barra
CEO of General Motors
2023 Compensation
Stock
$18.22M
Salary
$2.10M
Bonus
$4.20M
Other
$567.98K
Total Holdings
$4.10M
Daniel J. Houston
CEO of Principal Financial Group
2023 Compensation
Stock
$7.33M
Salary
$1.04M
Bonus
$0.00
Other
$343.29K
Total Holdings
$159.78K
Robin M. Raju
CEO of Equitable Holdings
2022 Compensation
Stock
$10.60M
Salary
$1.25M
Bonus
$0.00
Other
$953.42K
Total Holdings
$7.75M
Gary C. Bhojwani
CEO of CNO Financial Group
2022 Compensation
Stock
$9.11M
Salary
$1.03M
Bonus
$1.70M
Other
$352.32K
Total Holdings
$26.38M
Michel A. Khalaf
CEO of MetLife
2023 Compensation
Stock
$15.81M
Salary
$1.48M
Bonus
$4.80M
Other
$279.92K
Total Holdings
$104.98M
Douglas D. Dirks
CEO of Employers Holdings
2021 Compensation
Stock
$0.00
Salary
$441.97K
Bonus
$265.38K
Other
$423.86K
Total Holdings
$46.61M