Markel Group

Markel Group

MKL· Finance· Fiscal year ends in December

CEO pay in FY2025

Thomas S. Gayner is the CEO of Markel Group and was paid $14.1M in FY2025 (Dec), up 45%.

PayNo stock prices for these years
CEO pay is from each Markel Group proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Thomas S. GaynerFY2025
  2. 2Michael R. HeatonFY2025
  3. 3Richard R. GrinnanFY2025
  4. 4Brian J. CostanzoFY2025
  5. 5Simon WilsonbNot disclosed

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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Markel Group paid its 4 named executives $26.1M in total in FY2025 (Dec). CEO Thomas S. Gayner was paid $14.1M of that.

Name
Thomas S. GaynerChief Executive Officer
Michael R. Heatonformer Executive Vice President and Chief Operating Officer
Richard R. GrinnanSenior Vice President, Chief Legal Officer and Secretary
Brian J. CostanzoChief Financial Officer a b c d e f g

of each named executive, from the Summary Compensation Table of each proxy.

Peers16

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The FY2025 (Dec) proxy of Markel Group names 16 peer companies for pay. Pay versus performance data of Markel Group for that year is not on file, so it has no rank.

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board4

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  • A. Lynne PuckettDirector · 5 yr on the boardIndependentCompensation—Paid as an executive
  • Mark M. BescaDirector · 5 yr on the boardIndependentAudit (Chair)—Paid as an executive
  • Greta J. HarrisDirector · 4 yr on the boardIndependentCorporate Governance—Paid as an executive
  • Jonathan E. MichaelDirector · 0 yr on the boardIndependentAudit—Paid as an executive

The board of the latest proxy (FY2025).

Activity

  1. Pay
    Markel Group General counsel pay rose 38% to $3.4M in FY2025 (Dec).
    DEF 14A
  2. Pay
    Markel Group CEO pay rose 45% to $14.1M in FY2025 (Dec).
    DEF 14A
  3. Pay
    Markel Group Division head pay rose 46% to $5.9M in FY2025 (Dec).
    DEF 14A
  4. Pay
    Markel Group CFO pay rose 59% to $2.7M in FY2025 (Dec).
    DEF 14A
  5. Board
    Jonathan E. Michael joined the board of Markel Group. Jonathan E. Michael now sits on 3 public boards.
    3
  6. Pay
    Markel Group General counsel pay rose 15% to $2.4M in FY2024 (Dec).
    DEF 14A
  7. Pay
    Markel Group General counsel pay rose 68% to $2.1M in FY2023 (Dec).
    DEF 14A
  8. Pay
    Markel Group CEO pay rose 21% to $9.7M in FY2024 (Dec).
    DEF 14A
  9. Pay
    Markel Group CEO pay rose 102% to $8.1M in FY2023 (Dec).
    DEF 14A
  10. Pay
    Markel Group CEO pay fell 14% to $4.0M in FY2022 (Dec).
    DEF 14A
  11. Pay
    Markel Group Division head pay rose 20% to $4.0M in FY2024 (Dec).
    DEF 14A
  12. Pay
    Markel Group Division head pay rose 102% to $3.4M in FY2023 (Dec).
    DEF 14A
  13. Pay
    Markel Group Division head pay rose 18% to $1.7M in FY2022 (Dec).
    DEF 14A
  14. Pay
    Markel Group CEO pay rose 20% to $4.0M in FY2024 (Dec).
    DEF 14A
  15. Pay
    Markel Group CEO pay rose 102% to $3.4M in FY2023 (Dec).
    DEF 14A
  16. Pay
    Markel Group CFO pay rose 87% to $1.7M in FY2024 (Dec).
    DEF 14A
  17. Board
    Lawrence A. Cunningham joined the board of Markel Group. Lawrence A. Cunningham now sits on 3 public boards.
    3

Filings6

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Proxy statementDEF 14AApr 2, 2026FY2025
Annual report10-KFeb 26, 2026FY2025
Proxy statementDEF 14AApr 3, 2025FY2024
Annual report10-KFeb 24, 2025FY2024
Proxy statementDEF 14AApr 4, 2024FY2023
Annual report10-KFeb 23, 2024FY2023
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