Sundar PichaiSundar Pichai earned $164M in 2023

Don Civgin is the CEO of The Allstate Corporation, a major player in insurance. He started this role on January 1, 2020. Before that, he held various key positions within Allstate, showing his commitment to the company. He has a...

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Don Civgin

CEO of Allstate

Education

Bachelor's degree from the University of Michigan

Field of Expertise

Business & Management - Business Management

Sector of Economy

Financial Services

Born

February 5, 1969 - 56 years ago

CEO of Allstate for

5 years 3 months (Jan 2020 - Present)

Previous Experience

President of Service Businesses at Allstate

Holdings

See how much did Don Civgin make over time.

Don Civgin has had fluctuations in his holdings at Allstate over the years. In 2019, they peaked at a value of approximately $16.30 million and continued to climb, reaching $19.72 million in February 2020 before settling at around $15.66 million...

Total Stock Sold

$80.32M

ALL

$80.32M

1,030,546 ALL shares

What if they kept their stock?

If Don Civgin didn't sell their stock, today they would have:
Extra ALL1,030,546 shares worth $100.22M.
This is 24.78% and $19.90M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Don Civgin.

ALL

31,928 shares

ALL

Feb 7, 2022

Received

ALL

31,034 shares

ALL

Feb 22, 2021

Received

ALL

$10.74M

ALL at $107.41/share

Feb 5, 2021

Sale

ALL

35,840 shares

ALL

Feb 9, 2020

Received

ALL

$27.26M

ALL at $104.31/share

Aug 2, 2019

Sale

ALL

37,318 shares

ALL

Feb 11, 2019

Received

ALL

13,948 shares

ALL

Feb 18, 2018

Received

ALL

17,527 shares

ALL

Feb 18, 2017

Received

ALL

$14.35M

ALL at $66.92/share

May 6, 2016

Sale

ALL

35,627 shares

ALL

Feb 11, 2016

Received

Compensation History

See how much did Don Civgin make over time.

In 2023, Don Civgin's total compensation was $3.47 million. This amount was primarily made up of his salary of $1.39 million and a bonus of $2.08 million, which was half of the target due to the company's recent negative net income. The structure of his compensation focuses heavily on cash rather than stock options or grants, which have been minimal in recent years. The emphasis is on pay for performance, tying his earnings to the company’s strategic goals. In previous years, his compensation has varied significantly, from just over $660,000 in 2022 to nearly $5.99 million in 2020, showing fluctuations based on company performance and profitability metrics.

Year

2023

Total Compensation

$3.46M

Salary

$1.39M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's strategic goals and shareholder interests.

Bonus

$2.08M

Board Justification

The annual cash incentive award was approved at $2,077,500, which was 50% of the funding level due to negative net income.

Other

$0.00

Board Justification

No other compensation was reported for 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus was on cash compensation and performance metrics.

Performance Metrics

Performance metrics included Total Premiums, Performance Net Income, and Net Investment Income, with a focus on achieving positive net income.

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