Markel raises equity targets for top execs; authorizes $750M share repurchase

MARKEL GROUP INC.

Compensation Committee increased target equity awards for Co-CEOs Gayner and Whitt from 300% to 400% of base salary for 2022.
President Cox and CFO Noble equity targets raised from 150% to 200%; Chief Legal Officer Grinnan from 100% to 150%.
Board approved new $750M share repurchase program, replacing $500M program from Nov 2021 under which $88M remained.
New buyback program has no expiration date and allows open-market or private transactions, including 10b5-1 plans.
Cash incentive award targets for named executive officers remain unchanged for the 2022 performance year.

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