Sundar PichaiSundar Pichai earned $164M in 2023
U

Richard P. McKenney

CEO of Unum

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 - 62 years ago

Economy Sector

Financial Services

Current Tenure

10 years 1 month (Jan 2015 - Present)

Previous Experience

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

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...

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.