Sundar PichaiSundar Pichai earned $164M in 2023

Steven R. Johnston is the CEO of Cincinnati Financial Corporation, having taken the helm in 2011. With a strong background in the insurance industry, he started as the company's chief financial officer before moving into the role of CEO. Steven...

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Steven R. Johnston

CEO of Cincinnati Financial

Education

Bachelor's degree in Business Administration from the University of Cincinnati

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

April 21, 1968 - 56 years ago

CEO of Cincinnati Financial for

8 years 2 months (Jan 2017 - Present)

Previous Experience

President and Chief Operating Officer at Cincinnati Financial Corporation

Holdings

See how much did Steven R. Johnston make over time.

As CEO of Cincinnati Financial, Steven R. Johnston's stock holdings have reflected significant fluctuations over the years. At his peak in 2021, his holdings reached nearly $37.2 million. This was a notable increase compared to $19.9 million at the beginning...

Insider Trading

See recent insider trades of Steven R. Johnston.

CINF

10 shares

CINF

Nov 15, 2024

Received

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10 shares

CINF

Nov 17, 2023

Received

CINF

10 shares

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Nov 4, 2022

Received

CINF

10 shares

CINF

Nov 5, 2021

Received

CINF

10 shares

CINF

Nov 6, 2020

Received

CINF

10 shares

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Nov 8, 2019

Received

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10 shares

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Nov 9, 2018

Received

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9 shares

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Nov 10, 2017

Received

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8 shares

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Nov 11, 2016

Received

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7 shares

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Nov 13, 2015

Received

Compensation History

See how much did Steven R. Johnston make over time.

In 2023, Steven R. Johnston received a total compensation of $8,381,511, highlighting his significant role as CEO. His salary was about $1,195,649, paired with around $233,323 in other benefits, such as health insurance and personal use of a company vehicle. Notably, he did not receive any cash bonuses this year, following a pattern since 2010 where no discretionary bonuses have been awarded to the executive team. Instead, he was granted 47,338 stock options, which tied his earnings closely to the company’s performance metrics. This pay-for-performance strategy aligns his incentives with Cincinnati Financial’s overall health and growth, promoting a culture of accountability. Prior years showed higher compensation, notably in 2022, where his earnings reached $7,596,511, attributed to a significant cash bonus. Overall, Johnston’s compensation structure reflects a commitment to both personal and company success over the long haul.

Year

2023

Total Compensation

$1.43M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes a pay-for-performance model, aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

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

Other

$233.32K

Board Justification

Includes perquisites such as employer-paid health care premiums, personal umbrella liability insurance, personal use of a company car, and dining room discounts.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the performance-based restricted stock units did not achieve the required performance hurdles.

Performance Metrics

Performance metrics for 2023 included achieving a value creation ratio (VCR) of 19.5% and a combined ratio goal of 94.9%.

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