Douglas D. Dirks is a notable figure in the insurance industry, having spent years driving growth and performance at Employers Holdings, Inc. He has a Bachelor's degree in Business Administration and was the CEO of Employers Holdings from 2018 until...

Number of Employees

717

Year

2021

Total Compensation

$1.13M

Salary

$441.97K

Board Justification

The compensation philosophy emphasizes performance-based compensation linked to the company's financial performance and aligns executive interests with those of stockholders.

Bonus

$265.38K

Board Justification

The bonus awarded to Mr. Dirks reflects an annual incentive cash bonus prorated for the period during which he was employed with the Company, as he retired on April 1, 2021.

Other

$423.86K

Board Justification

Includes the following payments: car allowance, perquisites, 401(k) matching contributions, cash dividends paid, excess accrued vacation, life insurance premiums, and personal benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

Mr. Dirks did not receive any stock grants in 2021 as he received additional vesting acceleration of outstanding RSU and PSU awards upon his retirement on April 1, 2021.

Performance Metrics

The performance metrics for the CEO's compensation in 2021 were based on the company's Adjusted GAAP Calendar Year Combined Ratio.

SEC Filing

From April 14, 2022

Douglas D. Dirks

CEO of Employers Holdings

E

Education

B.A. and M.B.A. degrees from the University of Texas and a J.D. degree from the University of South Dakota

Field of Expertise

Finance & Banking - Finance

Born

Invalid Date - 0 years ago

Is Founder?

No

Current Tenure

19 years 9 months (Apr 2005 - Present)

Previous Experience

Chief Executive Officer of EICN since December 1999, ECIC since May 2002, EPIC since November 2008, and EAC since November 2008