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...

Number of Employees

8.19K

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.

SEC Filing

From April 26, 2024

W. Robert Berkley, Jr.

CEO of W.R. Berkley

W

Education

Bachelor's degree from the University of Connecticut

Field of Expertise

Finance & Banking - Finance

Born

June 1, 1972 - 52 years ago

Is Founder?

No

Current Tenure

9 years 2 months (Oct 2015 - Present)

Previous Experience

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