Markel discloses Andrew Crowley's employment terms: $402,500 salary, bonus, equity targets

MARKEL GROUP INC.

Base salary of $402,500, subject to annual review.
Target annual cash bonus of not less than 100% of base salary, subject to performance.
Target annual equity incentive of not less than 100% of base salary, subject to Compensation Committee approval.
Initial term runs May 9, 2022 to December 31, 2024; auto-renews for one-year periods.
Severance: salary continuation, health coverage, target bonus lump-sum, and full vesting of equity (performance awards at target) for without-cause termination or good reason after change in control.

item 5.02

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Appointed

Andrew G. Crowley

President, Markel Ventures

MKL · MARKEL GROUP INC.

Effective: 2022-05-09
Filed: May 23, 2022, 7:59 PM ET

On May 20, 2022, Markel Corporation (the Company) entered into an employment agreement with Andrew G. Crowley, the Company’s President, Markel Ventures.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew G. Crowley was appointed as President, Markel Ventures at MARKEL GROUP INC..

Action: appointed
Role: President, Markel Ventures

Exact text from the filing

On May 20, 2022, Markel Corporation (the Company) entered into an employment agreement with Andrew G. Crowley, the Company’s President, Markel Ventures.

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MARKEL GROUP INC. filing history →

Source: SEC EDGAR

accession 0001096343-22-000111

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