Sundar PichaiSundar Pichai earned $164M in 2023

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...

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W. Robert Berkley, Jr.

CEO of W.R. Berkley

Education

Bachelor's degree from the University of Connecticut

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

June 1, 1972 - 52 years ago

CEO of W.R. Berkley for

9 years 5 months (Oct 2015 - Present)

Previous Experience

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

Holdings

See how much did W. Robert Berkley, Jr. make over time.

W. Robert Berkley, Jr. has significant stock holdings in W.R. Berkley Corporation. His wealth saw highs of around $341 million recently, indicating a strong personal investment in the company. In 2023, he had 241,535 total shares, with considerable fluctuations over...

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Insider Trading

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WRB

120,430 shares

WRB

Aug 15, 2024

Received

WRB

2,534 shares

WRB

Jun 12, 2024

Received

WRB

89,507 shares

WRB

Aug 15, 2023

Received

WRB

3,479 shares

WRB

Jun 14, 2023

Received

WRB

99,374 shares

WRB

Aug 15, 2022

Received

WRB

2,995 shares

WRB

Jun 15, 2022

Received

WRB

49,438 shares

WRB

Aug 16, 2021

Received

WRB

30,512 shares

WRB

Aug 5, 2021

Received

WRB

2,652 shares

WRB

Jun 15, 2021

Received

WRB

26,028 shares

WRB

Aug 17, 2020

Received

Compensation History

See how much did W. Robert Berkley, Jr. make over time.

In 2023, W. Robert Berkley Jr.'s total compensation was approximately $16.81 million. This figure includes a base salary of about $1.09 million, which is consistent with his role as CEO of W.R. Berkley Corporation. His compensation package has no bonuses since 2020, reflecting a focus on performance-based equity. The majority of his earnings come from vested stock, which is linked to the company's past performance, reinforcing a commitment to long-term success. Robert's compensation approach emphasizes alignment with shareholders' interests, as a good portion of it is tied to the company's Return on Equity and other performance metrics. This compensation structure encourages a focus on sustainable growth rather than short-term gains, representing a modern view on executive pay in the insurance industry.

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.

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