MKL · Markel Group Inc.

$1,875.05 +3.72 (+0.20%) At close · Aug 7

Market Cap

$23.23B

12.39M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,100,000	—	$9,226,081	—	$3,740,000	$57,984	$14,124,065
Michael R. Heaton	COO	$815,000	—	$2,796,822	—	$2,078,250	$206,951	$5,897,023
Richard R. Grinnan	Senior Vice President, Chief Legal Officer and Secretary	$620,000	—	$1,654,503	—	$1,054,000	$51,660	$3,380,163
Brian Costanzo	CFO	$500,000	—	$1,335,397	—	$850,000	$33,910	$2,719,307

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,093,269	—	$6,277,084	—	$2,310,000	$57,534	$9,737,887
Michael R. Heaton	COO	$809,615	—	$1,901,813	—	$1,283,625	$46,860	$4,041,913
Jeremy Noble	CFO	$809,615	—	$1,901,813	—	$1,283,625	$46,860	$4,041,913
Richard R. Grinnan	Senior Vice President, Chief Legal Officer and Secretary	$617,308	—	$1,126,172	—	$651,000	$51,210	$2,445,690
Brian Costanzo	CFO	$500,000	—	$649,126	—	$525,000	$34,100	$1,708,226

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,050,000	—	$5,387,107	—	$1,575,000	$56,184	$8,068,291
Jeremy Noble	CFO	$775,000	—	$1,661,990	—	$871,875	$45,510	$3,354,375
Michael R. Heaton	COO	$775,000	—	$1,661,990	—	$871,875	$45,510	$3,354,375
Richard R. Grinnan	Senior Vice President, Chief Legal Officer and Secretary	$593,269	—	$1,025,186	—	$450,000	$49,860	$2,118,315
Brian Costanzo	CFO	$367,181	—	$175,973	—	$341,528	$31,256	$915,938

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,050,000	—	$2,100,000	—	$787,500	$53,934	$3,991,434
Richard Whitt	CEO	$1,050,000	—	$2,100,000	—	$787,500	$44,272	$3,981,772
Robert C. Cox	COO	$750,000	—	$750,000	—	$562,500	$31,014	$2,093,514
Jeremy Noble	CFO	$643,269	—	$650,000	—	$325,000	$43,260	$1,661,529
Michael R. Heaton	COO	$639,904	—	$650,000	—	$325,000	$43,260	$1,658,164
Richard R. Grinnan	Senior Vice President, Chief Legal Officer and Secretary	$543,269	—	$412,500	—	$275,000	$30,189	$1,260,958

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,043,269	—	$2,362,500	—	$1,181,250	$37,584	$4,624,603
Richard Whitt	CEO	$1,043,269	—	$2,362,500	—	$1,181,250	$28,422	$4,615,441
Robert C. Cox	COO	$750,000	—	$843,750	—	$843,750	$29,664	$2,467,164
Bradley J. Kiscaden	President and Chief Administrative Officer, Insurance Operations	$750,000	—	$843,750	—	$843,750	$28,422	$2,465,922
Jeremy Noble	CFO	$593,269	—	$675,000	—	$450,000	$28,993	$1,747,262
Michael R. Heaton	COO	$520,673	—	$431,250	—	$431,250	$26,896	$1,410,069

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,000,000	—	$2,100,000	—	$1,050,000	$33,420	$4,183,420
Richard Whitt	CEO	$1,000,000	—	$2,100,000	—	$1,050,000	$27,972	$4,177,972
Robert C. Cox	COO	$750,000	—	$787,500	—	$787,500	$29,214	$2,354,214
Bradley J. Kiscaden	President and Chief Administrative Officer, Insurance Operations	$750,000	—	$787,500	—	$787,500	$27,972	$2,352,972
Jeremy Noble	CFO	$542,308	—	$577,500	—	$385,000	$115,944	$1,620,752
Richard R. Grinnan	Senior Vice President, Chief Legal Officer and Secretary	$500,000	—	$350,000	—	$350,000	$28,373	$1,228,373

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$1,000,000	—	$2,375,000	—	$1,425,000	$32,682	$4,832,682
Richard Whitt	CEO	$1,000,000	—	$2,375,000	—	$1,425,000	$27,522	$4,827,522
Robert C. Cox	COO	$750,000	—	$900,000	—	$900,000	$24,333	$2,574,333
Bradley J. Kiscaden	President and Chief Administrative Officer, Insurance Operations	$734,615	$46,154	$881,538	—	$881,538	$27,522	$2,571,367
Jeremy Noble	CFO	$488,462	—	$464,038	—	$464,038	$25,722	$1,442,260
Linda V. Schreiner	Senior Vice President, Strategic Management	$471,154	—	$376,923	—	$376,923	$28,528	$1,253,528

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$980,769	—	$1,350,000	—	$1,350,000	$32,232	$3,713,001
Richard Whitt	CEO	$980,769	—	$1,350,000	—	$1,350,000	$25,992	$3,706,761
Bradley J. Kiscaden	President and Chief Administrative Officer, Insurance Operations	$606,250	$180,000	$585,000	—	$585,000	$27,072	$1,983,322
Robert C. Cox	COO	$242,466	$1,000,000	$363,699	—	$363,699	$1,097	$1,970,961
Jeremy Noble	CFO	$339,664	$100,000	$127,500	—	$255,000	$536,808	$1,358,972
Linda V. Schreiner	Senior Vice President, Strategic Management	$450,000	—	$270,000	—	$303,750	$29,136	$1,052,886

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Gayner	CEO	$950,000	—	$1,140,000	—	$1,140,000	$31,782	$3,261,782
Richard Whitt	CEO	$950,000	—	$1,140,000	—	$1,140,000	$25,542	$3,255,542

Executive changes

Person	Role	Change	Effective	Filed
Andrew G. Crowley	Executive Vice President and President, Markel Ventures	Appointed	2026-02-23	2026-02-26
Simon Wilson	Executive Vice President and Chief Executive Officer, Markel Insurance	Appointed	2026-02-23	2026-02-26
Simon Wilson	Chief Executive Officer of Markel Insurance	Appointed	2025-03-17	2025-03-17
Jonathan E. Michael	Board of Directors	Appointed	2025-03-15	2025-03-17
Anthony F. Markel	director	Retired	—	2025-03-17
A. Lynne Puckett	Director	Appointed	2024-05-22	2024-05-24
Michael O'Reilly	Director	Appointed	2024-05-22	2024-05-24
Steven A. Markel	Director	Appointed	2024-05-22	2024-05-24
Harold L. Morrison, Jr.	Director	Appointed	2024-05-22	2024-05-24
Diane Leopold	Director	Appointed	2024-05-22	2024-05-24
Anthony F. Markel	Director	Appointed	2024-05-22	2024-05-24
Morgan E. Housel	Director	Appointed	2024-05-22	2024-05-24
Greta J. Harris	Director	Appointed	2024-05-22	2024-05-24
Thomas S. Gayner	Director	Appointed	2024-05-22	2024-05-24
Lawrence A. Cunningham	Director	Appointed	2024-05-22	2024-05-24
Mark M. Besca	Director	Appointed	2024-05-22	2024-05-24
Michael R. Heaton	Executive Vice President and Chief Operating Officer	Appointed	2024-02-21	2024-02-26
Meade P. Grandis	Chief Accounting Officer	Appointed	2023-12-18	2023-12-18

Key facts CIK 1096343 CUSIP 570535104 13F (30d) 477 filings 450 filers Visit website Investor relations