Richard P. McKenney, born in 1963, is the CEO of Unum Group, a leading provider of employee benefits. He has a solid educational background with a Bachelor's degree in Finance and an MBA from the University of Massachusetts Amherst. McKenney...

Current Market Cap

$11.26B

Number of Employees

10.81K

Total Compensation

2019 - 2023

Trending up by 113.40% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 237.73% last year

Salary

Up by 0.88% last year

Bonus

Up by 15.14% last year

Other

Up by 58.54% last year

Year

2023

Total Compensation

$20.48M

Salary

$1.10M

Board Justification

The compensation philosophy aligns with performance goals, shareholder interests, and retention strategies, ensuring that a significant portion of compensation is performance-based.

Bonus

$4.33M

Board Justification

Calculated by applying the company performance achievement factor of 140% and a strategic objectives modifier of 112.5% to his target award for 2023.

Other

$863.48K

Board Justification

Includes various forms of compensation such as financial planning services, tax reimbursements, and matching contributions under retirement plans.

Restricted Stock

$14.18M(313.68K RSUs and SSUs)

Board Justification

Represents the aggregate value of outstanding and unvested restricted stock units (RSUs) and stock success units (SSUs) based on the closing stock price of $45.22 on December 29, 2023, the last trading day of the year.

Performance Metrics

Performance metrics include after-tax adjusted operating earnings per share, consolidated adjusted operating return on equity, earned premium, sales, customer experience, and operating expense ratio.

SEC Filing

From April 11, 2024

Richard P. McKenney

CEO of Unum

U

Education

Bachelor's degree in Finance from the University of Massachusetts Amherst; MBA from the University of Massachusetts Amherst

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1963 - 61 years ago

Is Founder?

No

Current Tenure

9 years 9 months (Jan 2015 - Present)

Previous Experience

President and Chief Operating Officer of Unum Group; various leadership roles in the company since 2001

View Holdings

Insider Holdings of Richard P. McKenney

UNMUSB

$64.27M

$10.47M (19.45%)

Last Insider Trade

UNM

$3.73M

UNM at $54.98/share

Sep 5, 2024

Sale