In 2023, W. Robert Berkley, Jr. earned $7.42M in total compensation at W.R. Berkley, including $1.09M salary and $5.65M in stock. Most recently acquired 120,430 shares in Aug 2024. Currently holds stock worth $322.65M. Has led W.R. Berkley for over 10 years.
Compensation History
Annual executive compensation data for W. Robert Berkley, Jr., including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$7.42M
Salary
$1.09M
Bonus
$0.00
Other
$678.34K
Salary
$1.09MBoard Justification
The compensation philosophy emphasizes long-term performance and alignment with stockholder interests, with a significant portion of compensation tied to performance metrics such as ROE.
Bonus
$0.00Board Justification
No bonus was awarded for 2023.
Other Compensation
$678.34KBoard Justification
Other compensation includes contributions to the Profit-Sharing Plan and payments under the Benefit Replacement Plan.
Restricted Stock
Board Justification
The performance-based RSUs that vested in 2023 were from grants made in previous years, with the RSUs vesting at 110% of target level performance.
Performance Metrics
The primary performance metric for the CEO's compensation is Return on Equity (ROE), with additional considerations for other financial and non-financial goals.
W. Robert Berkley, Jr.
CEO of W.R. Berkley
Education
Bachelor's degree from the University of Connecticut
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
June 1, 1972 - 53 years ago
CEO of W.R. Berkley for
10 years 1 month (Oct 2015 - Present)
Previous Experience
President and Chief Operating Officer of W.R. Berkley Corporation
Other W.R. Berkley CEOs
Holdings
Track W. Robert Berkley, Jr.'s stock holdings and portfolio value over time.
Insider Trading
W. Robert Berkley, Jr.'s recent stock transactions, purchases, and sales filed with the SEC.
120,430 shares
WRB
Aug 15, 2024
Received
2,534 shares
WRB
Jun 12, 2024
Received
89,507 shares
WRB
Aug 15, 2023
Received
3,479 shares
WRB
Jun 14, 2023
Received
99,374 shares
WRB
Aug 15, 2022
Received
2,995 shares
WRB
Jun 15, 2022
Received
49,438 shares
WRB
Aug 16, 2021
Received
30,512 shares
WRB
Aug 5, 2021
Received
2,652 shares
WRB
Jun 15, 2021
Received
26,028 shares
WRB
Aug 17, 2020
Received
Rivals
Compare W. Robert Berkley, Jr. with competitor CEOs and industry peers.
Kenneth D. DeGiorgio
CEO of First American Financial
2023 Compensation
Stock
$0.00
Salary
$832.50K
Bonus
$1.05M
Other
$12.76K
Total Holdings
$459.53K
Evan G. Greenberg
CEO of Chubb
2023 Compensation
Stock
$18.41M
Salary
$1.55M
Bonus
$9.00M
Other
$1.46M
Total Holdings
$327.07M
Susan Patricia (Tricia) Griffith
CEO of Progressive
2024 Compensation
Stock
$43.11M
Salary
$1.04M
Bonus
$4.65M
Other
$186.33K
Total Holdings
$4.19M
Paresh Patel
CEO of HCI Group
2023 Compensation
Stock
$933.40K
Salary
$950.00K
Bonus
$800.00K
Other
$37.85K
Total Holdings
$110.62M