Saturday, June 3, 2023
HomeInsuranceAllstate pays CEO $15 million amid troublesome yr

Allstate pays CEO $15 million amid troublesome yr

Allstate CEO Tom Wilson collected $15 million in complete compensation in 2022, down from $19.1 million in 2021.

Citing the corporate’s proxy assertion filed with the SEC, Crain’s Chicago Enterprise reported that the lower in compensation was largely because of the annual money bonus paid for a single yr’s working efficiency, which got here in at 58% of Wilson’s goal bonus.

Since that focus on is thrice his wage, which sat at almost $1.4 million final yr, the bonus amounted to $2.4 million.

Moreover, Wilson’s inventory and choices awards had been at $11.2 million, growing 6% from $10.6 million in 2021 and remaining on the board’s goal degree of 775% of wage.

“Mr. Wilson’s goal fairness incentive award alternative of 775% of wage as a consequence of progress made towards Transformative Progress targets,” the submitting said.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments