---
schema_version: "secwatch.filing_event.v1"
accession: "0001096343-22-000111"
form_type: "8-K/A"
ticker: "MKL"
cik: "0001096343"
company_name: "MARKEL GROUP INC."
filed_at: "2022-05-23T23:59:59+00:00"
generated_at: "2026-06-25T08:05:13.644332+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001096343-22-000111
- form_type: 8-K/A
- ticker: MKL
- cik: 0001096343
- company_name: MARKEL GROUP INC.
- filed_at: 2022-05-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000111/0001096343-22-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000111/mkl-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096343-22-000111
- JSON: https://secwatch.observer/filing/0001096343-22-000111.json
- Plain text: https://secwatch.observer/filing/0001096343-22-000111.txt

## Key facts
- Executive change
  Andrew G. Crowley was appointed as President, Markel Ventures at MARKEL GROUP INC..
  - Action: appointed
  - Role: President, Markel Ventures
  source text: On May 20, 2022, Markel Corporation (the Company) entered into an employment agreement with Andrew G. Crowley, the Company’s President, Markel Ventures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096343/000109634322000111/0001096343-22-000111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.