Sundar PichaiSundar Pichai earned $164M in 2023
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Alan D. Schnitzer

CEO of The Travelers Companies

Born

July 30, 2024 - 0 years ago

Economy Sector

Financial Services

Current Tenure

9 years 4 months (Dec 2015 - Present)

Previous Experience

Unknown

Alan D. Schnitzer has been the CEO of The Travelers Companies since 2015, stepping into the role after a clear succession plan. Under his leadership, the company has focused on both insurance and social issues, playing a role in community...

Year

2023

Total Compensation

$30.38M

Salary

$1.45M

Board Justification

The compensation program is designed to align the interests of executives with those of shareholders, emphasizing a pay-for-performance philosophy that ties compensation to the Company's long-term financial performance.

Bonus

$6.00M

Board Justification

The annual cash bonus for Mr. Schnitzer decreased from $6.8 million to $6.0 million year-over-year, reflecting the Company’s strong performance despite elevated catastrophe losses.

Other

$327.79K

Board Justification

Includes personal use of a Company car and driver, personal security expenses, and tax and financial planning services.

Restricted Stock

$22.60M(119.29K Performance Shares)

Board Justification

Performance shares granted in 2023 will vest based on the achievement of specified performance goals over a three-year period, with the number of shares vesting contingent on performance metrics.

Performance Metrics

Core return on equity and other financial metrics are used to evaluate the Company's performance and determine executive compensation.

View Holdings

Insider Holdings of Alan D. Schnitzer

TRV

$73.22M

$5.23M (7.70%)

Alan D. Schnitzer owns 241,137 shares of Travelers and has 900,442 options, showing strong alignment with the company's growth.

Recent Trades

TRV

89,317.382 shares

TRV

Feb 21, 2024

Received

TRV

$9.55M

TRV at $212.62/share

Feb 8, 2024

Sale

TRV

57,292.362 shares

TRV

Feb 22, 2023

Received

TRV

$28.47M

TRV at $188.76/share

Feb 7, 2023

Sale

TRV

2,512 shares

TRV

Feb 7, 2023

Charity