Thomas F. Motamed is the CEO and Chairman of CNA Financial Corporation, bringing a wealth of experience from the finance sector. He earned his MBA from the University of Illinois and has a strong focus on performance-based management. Since becoming...

Thomas F. Motamed is the CEO and Chairman of CNA Financial Corporation, bringing a wealth of experience from the finance sector. He earned his MBA from the University of Illinois and has a strong focus on performance-based management. Since becoming CEO in 2009, he has prioritized financial metrics like net operating income to determine executive compensation. In 2016, he earned a total compensation of over $11 million, which included a base salary of $1 million and significant bonuses tied to company performance. Motamed has made notable insider trades, including transactions that peaked at over $34 million in 2019. This suggests a vested interest in the company’s future and aligns with his commitment to driving CNA forwards. Under his leadership, the company has seen fluctuations in stock values but remains a player in the competitive insurance field.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CNA Financial CEOs

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Thomas F. Motamed

Ex-CEO of CNA Financial

Education

University of Illinois, MBA

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1952 - 73 years ago

CEO of CNA Financial for

7 years 5 months (Jun 2009 - Dec 2016)

Previous Experience

President of CNA's Property and Casualty Operations

Rivals

Competitors/colleagues of Thomas F. Motamed

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Evan G. Greenberg

CEO of Chubb

2023 Compensation

Stock

$18.41M

Salary

$1.55M

Bonus

$9.00M

Other

$1.46M

Total Holdings

$177.97M

T

Christopher J. Swift

CEO of The Hartford Financial Services Group

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$3.86M

Other

$312.77K

Total Holdings

$49.18M

T

Alan D. Schnitzer

CEO of The Travelers Companies

2023 Compensation

Stock

$22.60M

Salary

$1.45M

Bonus

$6.00M

Other

$327.79K

Total Holdings

$73.22M

K

Michael P. Kehoe

CEO of Kinsale Capital Group

2023 Compensation

Stock

$1.80M

Salary

$900.00K

Bonus

$2.50M

Other

$23.10K

Total Holdings

$400.72M

C

Steven R. Johnston

CEO of Cincinnati Financial

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$0.00

Other

$233.32K

Total Holdings

$50.71M

Holdings

See how much did Thomas F. Motamed make over time.

Thomas F. Motamed has shown a proactive approach to his investments in CNA Financial. In late 2019, his insider holdings reached a peak worth around $34 million, reflecting confidence in the company's direction. However, these holdings have fluctuated over time,...

Thomas F. Motamed has shown a proactive approach to his investments in CNA Financial. In late 2019, his insider holdings reached a peak worth around $34 million, reflecting confidence in the company's direction. However, these holdings have fluctuated over time, indicating a possible approach to capitalize on market movements. For instance, by early 2020, the value dropped to about $22 million. As of October 2024, it seemed to stabilize around $29 million, showing a resilient position despite market volatility. The variation in his holdings illustrates the dynamic landscape of the insurance sector and provides insights into his trading strategy, often aligning with the company's performance and market conditions.

Charitable Transactions

CNA

133,074 shares

CNA

Recent Charitable Transactions

CNA

74,743 shares

CNA

Dec 23, 2016

Charity

CNA

$1.00M

CNA at $36.62/share

Nov 1, 2016

Charity

CNA

$1.00M

CNA at $35.27/share

Dec 31, 2015

Charity

CNA

$100.80K

CNA at $40.32/share

Jul 3, 2014

Charity

Insider Trading

See recent insider trades of Thomas F. Motamed.

CNA

170,998 shares

CNA

Mar 1, 2017

Received

CNA

74,743 shares

CNA

Dec 23, 2016

Charity

CNA

74,743 shares

CNA

Dec 23, 2016

Charity

CNA

$1.00M

CNA at $36.62/share

Nov 1, 2016

Charity

VRSK

2,008 shares

VRSK

Jul 1, 2016

Received

CNA

120,967 shares

CNA

Feb 2, 2016

Received

CNA

$1.00M

CNA at $35.27/share

Dec 31, 2015

Charity

VRSK

2,039 shares

VRSK

Jul 1, 2015

Received

CNA

116,861 shares

CNA

Feb 3, 2015

Received

CNA

$100.80K

CNA at $40.32/share

Jul 3, 2014

Charity

Compensation History

See how much did Thomas F. Motamed make over time.

In terms of compensation, Thomas F. Motamed has seen variations over the years. His total earnings in 2016 were about $11.9 million, which included a base salary of $1 million and significant bonuses tied to CNA’s net operating income. The structure of his compensation emphasizes performance, with maximum bonuses limited based on company profits. This approach encourages alignment between executive pay and company success, ensuring that both he and the shareholders are invested in the same goal. Over the years, he has effectively leveraged performance-based stock units and long-term incentive plans, showcasing a compensation model that reflects his commitment to driving shareholder value.

Year

2016

Total Compensation

$7.02M

Salary

$1.00M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, aiming to attract and retain top talent in the insurance industry.

Bonus

$0.00

Board Justification

The annual incentive cash compensation opportunity for 2016 was based upon a payout formula of 1.2% of 2016 NOI, limited by his individual maximum payment amount of $4 million.

Other

$1.81M

Board Justification

Other compensation includes various benefits such as tax reimbursements, club memberships, and personal use of company aircraft.

Restricted Stock

$4.20M(142.62K RSU)

Board Justification

The value realized on vesting of stock awards during 2016 was $4,204,096, which includes performance-based RSUs that vested.

Performance Metrics

The performance metrics for determining compensation included annual incentive cash awards based on the company's net operating income (NOI).

Other CNA Financial CEOs

Here are other CEOs of CNA Financial

Dino E. Robusto

Ex-CEO of CNA Financial

December 2016 - December 2024