Sundar PichaiSundar Pichai earned $164M in 2023
W

W. Robert Berkley, Jr.

CEO of W.R. Berkley

Education

Bachelor's degree from the University of Connecticut

Field of Expertise

Finance & Banking - Finance

Born

June 1, 1972 - 52 years ago

Economy Sector

Financial Services

Current Tenure

9 years 3 months (Oct 2015 - Present)

Previous Experience

President and Chief Operating Officer of W.R. Berkley Corporation

W. Robert Berkley, Jr., born in 1972 and educated at the University of Connecticut, has been the CEO of W.R. Berkley Corporation since 2015 after a successful tenure as President and COO. He has been with the company since 1997...

Year

2023

Total Compensation

$7.42M

Salary

$1.09M

Board Justification

The compensation philosophy emphasizes long-term performance and alignment with stockholder interests, with a significant portion of compensation tied to performance metrics such as ROE.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$678.34K

Board Justification

Other compensation includes contributions to the Profit-Sharing Plan and payments under the Benefit Replacement Plan.

Restricted Stock

$5.65M(89.51K RSU)

Board Justification

The performance-based RSUs that vested in 2023 were from grants made in previous years, with the RSUs vesting at 110% of target level performance.

Performance Metrics

The primary performance metric for the CEO's compensation is Return on Equity (ROE), with additional considerations for other financial and non-financial goals.