Sundar PichaiSundar Pichai earned $164M in 2023

Kenneth W. Stecher is the former CEO of Cincinnati Financial Corporation, where he worked from 2009 until early 2017. With a solid background in finance, he holds a Bachelor's degree in Accounting from the University of Cincinnati. Stecher took the...

Quick Links
C

Kenneth W. Stecher

Ex-CEO of Cincinnati Financial

Education

Bachelor's degree in Accounting from the University of Cincinnati

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

September 12, 1953 - 71 years ago

CEO of Cincinnati Financial for

8 years 0 months (Jan 2009 - Jan 2017)

Previous Experience

Chief Financial Officer at Cincinnati Financial Corporation

Holdings

See how much did Kenneth W. Stecher make over time.

Kenneth W. Stecher had significant stock holdings in Cincinnati Financial Corporation during and after his tenure as CEO. At his peak in 2019, his holdings saw values as high as $17.6 million. However, over the years, these values fluctuated significantly....

Charitable Transactions

CINF

50,080 shares

CINF

Recent Charitable Transactions

CINF

2,800 shares

CINF

Nov 26, 2019

Charity

CINF

875 shares

CINF

Nov 2, 2018

Charity

CINF

2,325 shares

CINF

Nov 2, 2018

Charity

CINF

3,725 shares

CINF

Dec 4, 2017

Charity

CINF

2,700 shares

CINF

Dec 31, 2016

Charity

CINF

2,980 shares

CINF

Dec 15, 2015

Charity

Insider Trading

See recent insider trades of Kenneth W. Stecher.

CINF

947 shares

CINF

Nov 26, 2019

Received

CINF

2,800 shares

CINF

Nov 26, 2019

Charity

CINF

1,242 shares

CINF

Nov 2, 2018

Received

CINF

2,325 shares

CINF

Nov 2, 2018

Charity

CINF

875 shares

CINF

Nov 2, 2018

Charity

CINF

1,154 shares

CINF

Dec 4, 2017

Received

CINF

3,725 shares

CINF

Dec 4, 2017

Charity

CINF

2,700 shares

CINF

Dec 31, 2016

Charity

CINF

10 shares

CINF

Nov 11, 2016

Received

CINF

2,980 shares

CINF

Dec 15, 2015

Charity

Compensation History

See how much did Kenneth W. Stecher make over time.

In 2017, Kenneth W. Stecher earned nearly $5 million in total compensation, marking the pinnacle of his financial rewards during his time as CEO of Cincinnati Financial. His compensation consisted largely of a base salary of about $995,000, bonuses were absent most years, and significant portions were linked to stock options that vested over time. The structure of his compensation plan aimed to reward not only his leadership but also to keep him accountable to the shareholders. Over the years, his compensation reflected a balance between cash and stock incentives, which served to tie his success directly to the company’s performance in the stock market, illustrating a common approach in corporate leadership compensation structures.

Year

2017

Total Compensation

$1.95M

Salary

$995.35K

Board Justification

The compensation philosophy aims to attract, motivate, reward, develop, and retain executive talent required for long-term success, linking a significant portion of compensation to performance-based awards.

Bonus

$0.00

Board Justification

No discretionary cash bonuses were awarded as a regular component of compensation for the named executive officers in 2017.

Other

$216.68K

Board Justification

Includes perquisites and other personal benefits, such as employer-paid health insurance premiums and other benefits.

Restricted Stock

$741.92K(741.92K RSUs)

Board Justification

Represents the value of performance-based restricted stock units (PSUs) and restricted stock units (RSUs) that vested in 2017, calculated based on the fair market value on the date of grant.

Performance Metrics

The primary performance metrics for annual and long-term performance-based compensation are calibrated to the company’s performance compared with the companies in the peer group.