David F. Brussard served as the CEO of Safety Insurance Group from January 2002 until March 2016, leading the company through key growth phases in the insurance market. With over 40 years in the insurance industry, he has seen the...

Number of Employees

539

Year

2016

Total Compensation

$705.37K

Salary

$212.10K

Board Justification

The compensation philosophy is designed to attract and retain key talent, align interests with shareholders, and reward performance based on company and individual achievements.

Bonus

$0.00

Board Justification

No annual cash incentive was awarded in 2016 due to performance metrics not being met.

Other

$168.62K

Board Justification

Includes employer matching contributions to the EICP, 401(k) plan contributions, and other benefits.

Restricted Stock

$324.65K(4.41K Restricted Stock)

Board Justification

Restricted stock that vested in 2016, based on time-based vesting schedule.

Performance Metrics

The performance metrics for 2016 included earnings before income taxes (EBIT) and combined ratio, which were not met to trigger bonuses.

SEC Filing

From April 11, 2017

David F. Brussard

Ex-CEO of Safety Insurance Group

DF

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1951 - 74 years ago

Is Founder?

No

Tenure

14 years 2 months (Jan 2002 - Mar 2016)

Previous Experience

Employed by Registrant's insurance subsidiaries for over 40 years.