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...

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 has been with Unum since 2009 and transitioned from CFO to CEO in 2015, showing his deep understanding of the company's operations. Under his leadership, Unum has focused on capital generation and delivered strong financial results despite challenges like the COVID-19 pandemic. McKenney's approach has always been about balancing profitability with the needs of customers, ensuring that the company continues to innovate and grow. He earned a total compensation of about $19.7 million in 2023, which reflects the performance-oriented culture he promotes at Unum. His insider trading reveals that he has held significant investments in the company, peaking at over $57 million in early 2024, hinting at his strong belief in Unum’s future. McKenney emphasizes sustainability and social responsibility, aiming to improve not only the bottom line but also the community around him.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Unum CEOs

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

Sector of Economy

Financial Services

Born

January 1, 1963 - 62 years ago

CEO of Unum for

10 years 3 months (Jan 2015 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Richard P. McKenney

G

Mary T. Barra

CEO of General Motors

2023 Compensation

Stock

$18.22M

Salary

$2.10M

Bonus

$4.20M

Other

$567.98K

Total Holdings

$56.23M

P

Daniel J. Houston

CEO of Principal Financial Group

2023 Compensation

Stock

$7.33M

Salary

$1.04M

Bonus

$0.00

Other

$343.29K

Total Holdings

$19.74M

C

Gary C. Bhojwani

CEO of CNO Financial Group

2022 Compensation

Stock

$9.11M

Salary

$1.03M

Bonus

$1.70M

Other

$352.32K

Total Holdings

$45.23M

M

Michel A. Khalaf

CEO of MetLife

2023 Compensation

Stock

$15.81M

Salary

$1.48M

Bonus

$4.80M

Other

$279.92K

Total Holdings

$50.00M

P

Larry D. Zimpleman

CEO of Principal Financial Group

2023 Compensation

Stock

$7.33M

Salary

$1.05M

Bonus

$3.31M

Other

$343.29K

Total Holdings

$23.73M

Holdings

See how much did Richard P. McKenney make over time.

As of early 2024, Richard P. McKenney's investments in Unum Group have seen substantial growth, peaking at over $57 million, reflecting his belief in the company's direction. Over the years, there have been fluctuations in his holdings, particularly during challenging...

As of early 2024, Richard P. McKenney's investments in Unum Group have seen substantial growth, peaking at over $57 million, reflecting his belief in the company's direction. Over the years, there have been fluctuations in his holdings, particularly during challenging economic times. In 2020, for instance, his business acumen helped him increase his stock value significantly, demonstrating a strategic approach to wealth management. His involvement in insider trading shows a consistent upward trend in his holdings. Notably, between 2019 and 2022, his wealth in stocks varied, but he managed to capitalize on peak moments, especially as the firm's resilience shone through amidst industry challenges. This strategy underscores his commitment and confidence in Unum's road ahead. McKenney shows that he plays the long game when it comes to his investments in the company.

Mar 18, 2025

U

shares

UNM @ $80.88

U

shares

USB @ $42.28

Total Stock Sold

$19.35M

UNM

$19.35M

439,894 UNM shares

What if they kept their stock?

If Richard P. McKenney didn't sell their stock, today they would have:
Extra UNM439,894 shares worth $6.69M.
This is -65.43% and $12.66M less than what they got when they sold the stock.

Charitable Transactions

UNM

13,000 shares

UNM

Recent Charitable Transactions

UNM

3,000 shares

UNM

Aug 14, 2024

Charity

UNM

10,000 shares

UNM

May 14, 2021

Charity

Insider Trading

See recent insider trades of Richard P. McKenney.

UNM

$4.42M

UNM at $75.07/share

Nov 21, 2024

Sale

UNM

$3.73M

UNM at $54.98/share

Sep 5, 2024

Sale

UNM

3,000 shares

UNM

Aug 14, 2024

Charity

UNM

$2.46M

UNM at $49.15/share

Mar 1, 2024

Sale

UNM

108,392 shares

UNM

Mar 1, 2024

Received

USB

$607.32K

USB at $30.37/share

May 5, 2023

Purchase

UNM

98,749 shares

UNM

Mar 1, 2023

Received

UNM

245,946.6 shares

UNM

Feb 20, 2023

Received

UNM

$1.61M

UNM at $40.13/share

Aug 25, 2022

Sale

UNM

$1.29M

UNM at $36.49/share

May 10, 2022

Sale

Compensation History

See how much did Richard P. McKenney make over time.

In 2023, Richard P. McKenney received a total compensation package of $19.7 million, a significant increase from previous years, reflecting his impactful leadership at Unum. This amount includes a base salary of $1.1 million, a bonus of approximately $4.3 million, and vested stock valued at around $14.2 million. The bonus is calculated based on company performance and strategic objectives, demonstrating a tangible link between Unum’s success and McKenney's earnings. Over the years, his compensation has consistently highlighted the company’s upward trajectory and his critical role in driving growth. The compensation structure he leads is heavily performance-based, aligning executive pay with shareholders' interests and long-term company value.

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.

Other Unum CEOs

Here are other CEOs of Unum

Michael Q. Simonds

Ex-CEO of Unum

July 2013 - February 2024