Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-16

Markel Group Inc. (MKL)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,124,065
Thomas Gayner total, FY2025
33rd
CEO pay percentile vs peers
194.5:1
CEO-to-median pay ratio
97.02%
Say-on-pay support, latest vote
Companies that benchmark against MKL
17 companies name MKL as a compensation peer

Each company listed discloses MKL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MKL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Thomas Gayner$1,100,000$0$9,226,081$0$3,740,000$0$57,984$14,124,065
Chief Executive Officer
Michael Heaton815,00002,796,82202,078,2500206,9515,897,023
former Executive Vice President and Chief Operating Officer
Simon Wilson859,896300,0001,650,71501,857,5050104,6554,772,772
Executive Vice President and Chief Executive Officer, Markel Insurance
Richard Grinnan620,00001,654,50301,054,000051,6603,380,163
Senior Vice President, Chief Legal Officer and Secretary
Brian Costanzo500,00001,335,3970850,000033,9102,719,307
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Thomas Gayner$14,124,065$9,737,887$8,068,291+4,386,178
Michael Heaton5,897,0234,041,9133,354,375+1,855,110
Simon Wilson4,772,772
Richard Grinnan3,380,1632,445,6902,118,315+934,473
Brian Costanzo2,719,3071,708,226915,938+1,011,081

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
A. Lynne PuckettDirector2026-05-01A57$1,796$102,345CommonForm 4 ↗
Diane LeopoldDirector2026-05-06A501,78989,460CommonForm 4 ↗
Diane LeopoldDirector2026-05-06A1001,793179,261CommonForm 4 ↗
Thomas Sinnickson GaynerDirector2026-05-15D481.671,844888,196CommonForm 4 ↗
Brian CostanzoChief Financial Officer2026-05-15A30.131,66050,000CommonForm 4 ↗
Andrew G. CrowleyEVP & Pres., Markel Ventures2026-05-15D74.871,844138,053CommonForm 4 ↗
Andrew G. CrowleyEVP & Pres., Markel Ventures2026-05-15A60.261,660100,000CommonForm 4 ↗
Brian CostanzoChief Financial Officer2026-05-15D13.081,84424,120CommonForm 4 ↗
Richard GrinnanSVP, Chief Legal Officer & Sec2026-05-15D116.361,844214,564CommonForm 4 ↗
Greta J. HarrisDirector2026-05-20A8900CommonForm 4 ↗
Michael OreillyDirector2026-05-20A8900CommonForm 4 ↗
Jonathan E. MichaelDirector2026-05-20A8900CommonForm 4 ↗
Harold L. Morrison, JrDirector2026-05-20A8900CommonForm 4 ↗
Morgan E. HouselDirector2026-05-20A8900CommonForm 4 ↗
Mark M. BescaDirector2026-05-20A8900CommonForm 4 ↗
Diane LeopoldDirector2026-05-20A8900CommonForm 4 ↗
A. Lynne PuckettDirector2026-05-20A8900CommonForm 4 ↗
Lawrence A. CunninghamDirector2026-05-20A8900CommonForm 4 ↗
Greta J. HarrisDirector2026-05-22D351,84664,614CommonForm 4 ↗
Greta J. HarrisDirector2026-05-22D141,84725,863CommonForm 4 ↗
Greta J. HarrisDirector2026-05-22D271,84949,918CommonForm 4 ↗
Michael OreillyDirector2026-06-15A89.891,669150,000CommonForm 4 ↗
Morgan E. HouselDirector2026-06-15A65.921,669110,000CommonForm 4 ↗
Lawrence A. CunninghamDirector2026-06-15A32.961,66955,000CommonForm 4 ↗
Harold L. Morrison, JrDirector2026-06-15A32.961,66955,000CommonForm 4 ↗
Diane LeopoldDirector2026-06-15A65.921,669110,000CommonForm 4 ↗
Mark M. BescaDirector2026-06-15A80.91,669135,000CommonForm 4 ↗
A. Lynne PuckettDirector2026-06-15A65.921,669110,000CommonForm 4 ↗
Jonathan E. MichaelDirector2026-06-15A65.921,669110,000CommonForm 4 ↗
Brian CostanzoChief Financial Officer2026-06-30A2.161,6173,500CommonForm 4 ↗
Andrew G. CrowleyEVP & Pres., Markel Ventures2026-07-15A2.821,6174,555CommonForm 4 ↗
Andrew G. CrowleyEVP & Pres., Markel Ventures2026-07-15A7.481,73012,945CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael HeatonPSU2026-02-241,131$2,337,743
Thomas GaynerRSU2025-02-188071,512,149
Richard GrinnanPSU2025-02-18325,500813,7501,627,500271,700
Brian CostanzoRSU2025-02-18117219,233
Thomas GaynerPSU2025-02-181,815,0004,537,5009,075,0001,512,149
Simon WilsonPSU2025-02-18590,0311,475,0782,950,155174,262
Brian CostanzoPSU2025-02-18262,500656,2501,312,500219,233
Thomas GaynerPSU2026-02-243,7327,713,932
Richard GrinnanPSU2026-02-246691,382,803
Simon WilsonRSU2025-02-1893174,262
Brian CostanzoPSU2026-02-245401,116,164
Richard GrinnanRSU2025-02-18145271,700
Simon WilsonPSU2026-02-246301,302,191
Michael HeatonRSU2025-02-18245459,079
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Heaton$459,079$2,337,743$083.6%
Thomas Gayner1,512,1499,226,081085.9%
Richard Grinnan271,7001,654,503085.9%
Brian Costanzo219,2331,335,397085.9%
Simon Wilson174,2621,476,453089.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Thomas GaynerRSU8,169$17,560,491
Michael HeatonRSU2,4995,371,975
Richard GrinnanRSU1,5113,248,121
Simon WilsonRSU1,0142,179,745
Brian CostanzoRSU6101,311,287
05

Incentive-plan design — the Compensation Discussion & Analysis

Markel's compensation philosophy emphasizes a long-term perspective using multi-year performance metrics, an ownership mentality through RSU grants to align executive interests with shareholders, and pay for performance where incentive compensation comprising the vast majority of target pay varies with Company operating income and total shareholder return over a five-year period. Total rewards are designed to be industry competitive to attract, motivate, and retain high-quality talent globally.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCompensation Advisory Partners LLC (CAP)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-228,767,980269,22688,58897.02%Passed
20252025-05-219,197,809197,28642,10097.9%Passed
20242024-04-048,362,2021,189,903101,62087.54%Passed
20232023-05-179,865,085198,594106,92298.03%Passed
20222022-05-1110,127,640148,53698,11198.55%Passed
20212021-05-109,910,834270,60014,43397.34%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2297.02%a
20252025-05-2197.9%b
20242024-04-0487.54%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “roposal: Proposals Voting Options Votes Required a Effect of Abstentions and Broker Non-Votes b Broker Discretionary Voting Allowed Board Recommendation Election of directors "FOR" "AGAINST" "ABSTAIN" Majority of votes cast for each nominee No effect No "FOR" Advisory vote on approval of executive compensation "FOR" "AGAINST" "ABSTAIN" Majority of votes cast No effect No "FOR" Ratification of selection of Company's independent registered public accounting firm "FOR" "AGAINST" "ABSTAIN" Majority of votes cast No effect Yes "FOR" Shareholder proposals "FOR" "AGAINST" "ABSTAIN" Majority of votes cast No effect No "AGAINST" a A majority of votes cast means that the number of ities and Exchange Commission (SEC), which allows us to send one copy of the Proxy Statement, the Annual Report to Shareholders and/or the E-Proxy Notice to multiple shareholders sharing an address, unless we have received contrary instructions from one or more of the shareholders.”.

c. Approved under the standard stated in the filing — “b Abstentions and broker non-votes will not be counted as votes cast "FOR" or "AGAINST" any of the proposals presented.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)194.5 : 1
CEO total compensation$14,124,065
Median employee compensation$72,765
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael O'ReillyIndependent · Lead Independent Director · Audit · Nominating/Corporate Governance · Partial-year service$140,000$164,080$0$0$30,556$334,636
Morgan E. HouselIndependent · Nominating/Corporate Governance110,000164,0800027,222301,302
Diane LeopoldIndependent · Compensation (Chair)110,000164,0800027,222301,302
A. Lynne PuckettIndependent · Compensation110,000164,0800027,222301,302
Jonathan E. MichaelIndependent · Audit110,000164,0800027,222301,302
Lawrence A. CunninghamIndependent · Nominating/Corporate Governance (Chair)110,000164,0800021,398295,478
Harold L. Morrison, JrIndependent · Audit · Compensation110,000164,0800021,111295,191
Greta J. HarrisIndependent · Nominating/Corporate Governance110,000164,0800015,000289,080
Mark M. BescaIndependent · Audit (Chair)110,000164,0800012,850286,930
Thomas S. GaynerEmployee director00000
Steven A. MarkelEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$164,080
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,020,000
Equity awards (grant-date value)$1,476,720
All other compensation$209,803
Total cost of the board$2,706,523

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Markel Group Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Markel Group Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1KKR & Co.2025Joseph Bae$300,000$0$0$0$84,270,205
2Aon2025Gregory Case1,500,00068,769,94102,437,50073,742,639
3Chubb Ltd.2025Evan Greenberg1,600,00018,850,128033,180,582
4Marsh & McLennan2025John Doyle1,500,0009,209,4698,375,0205,550,00025,051,051
5Danaher Corp.2025Rainer Blair1,400,0009,292,3708,386,6574,194,40023,795,280
6Hartford Financial Services2025Christopher Swift1,200,00010,982,7903,412,5005,808,00022,114,212
7Dover Corp.2025Richard Tobin1,387,3858,040,7266,562,519018,757,706
8W. R. Berkley Corp.2025W. Robert Berkley, Jr.1,097,8003,850,038011,176,03016,823,866
9Illinois Tool Works2025Christopher A. O'Herlihy1,337,2715,249,9575,249,9962,702,38915,211,011
10Arch Capital Group2025Nicolas Papadopoulo1,300,0005,520,5061,820,1865,200,00014,626,320
11Markel Group Inc.2025Thomas Gayner1,100,0009,226,08103,740,00014,124,065
12Fidelity National Financial2025Michael Nolan1,083,8465,960,00704,400,00011,646,893
13American Financial Group2025Carl Lindner III1,250,0001,500,00906,454,77011,042,543
14Everest Re Group2025Jim Williamson1,227,1165,150,59002,200,0008,952,500
15Loews Corp.2025Alexander Tisch984,615900,0004,093,5002,600,0008,770,880
16The Carlyle Group2025Harvey Schwartz1,000,0006,000,0007,149,859
Fairfax Financial Holdingsnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Markel Group Inc.not disclosedPSU 75 · RSU 25NoCompensation Advisory Partners LLC (CAP)
American Financial Group101.1%RSU 100NoPay Governance LLC
Aon100%PSU 100NoMeridian Compensation Partners, LLC
Arch Capital Group200%PSU 55 · Options 25 · RSU 20NoPay Governance LLC
Chubb Ltd.not disclosedPSU 100NoFarient Advisors LLC
Danaher Corp.not disclosedOptions 50 · RSU 50not disclosedFW Cook
Dover Corp.121.7%PSU 40 · Options 40 · RSU 20Yes — 3-Year relative TSRMeridian Compensation Partners, LLC
Everest Re Group88%PSU 50 · RSU 50Yes — 3Yr Relative Change in TSR Compared to Peersnot disclosed
Fairfax Financial Holdingsnot disclosednot disclosednot disclosednot disclosed
Fidelity National Financial200%PSU 100NoStrategic Compensation Group LLC (SCG)
Hartford Financial Services176%PSU 75 · Options 25Yes — Peer-relative TSRCompensation Advisory Partners, LLP (CAP)
Illinois Tool Worksnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
KKR & Co.not disclosednot disclosednot disclosednot disclosed
Loews Corp.260%PSU 100NoSemler Brossy
Marsh & McLennannot disclosedPSU 50 · Options 50Yes — Relative TSR versus S&P 500 constituentsIndependent compensation consulting firm (name not disclosed)
The Carlyle Group200%not disclosedNoPay Governance
W. R. Berkley Corp.not disclosednot disclosedNoMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Markel Group Inc. in fiscal 2025?
Thomas Gayner, Chief Executive Officer, was the highest-paid executive at Markel Group Inc. in fiscal 2025 with total compensation of $14,124,065.
How does Markel Group Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that Thomas Gayner's pay falls in the 33rd percentile of the disclosed peer group.
What is Markel Group Inc.'s CEO-to-median employee pay ratio?
The filing shows a CEO-to-median employee pay ratio of 194.5:1 for fiscal 2025.
How did shareholders vote on Markel Group Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 97.02% support in the latest vote.
How much does Markel Group Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for Markel Group Inc. in fiscal 2025 was $2,706,523.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Thomas GaynerDEF 14A2026-04-020001096343-26-000033Section “SUMMARY COMPENSATION TABLE”. As printed: 14,124,065. Filing ↗machine: r2 · c45 · span 566440–566451
2Section 01, Michael HeatonDEF 14A2026-04-020001096343-26-000033Section “SUMMARY COMPENSATION TABLE”. As printed: 5,897,023. Filing ↗machine: r5 · c45 · span 574933–574943
3Section 01, Simon WilsonDEF 14A2026-04-020001096343-26-000033Section “SUMMARY COMPENSATION TABLE”. As printed: 4,772,772. Filing ↗machine: t29 · r8 · c17 · span 583394–583404
4Section 01, Richard GrinnanDEF 14A2026-04-020001096343-26-000033Section “SUMMARY COMPENSATION TABLE”. As printed: 3,380,163. Filing ↗machine: r10 · c45 · span 586234–586244
5Section 01, Brian CostanzoDEF 14A2026-04-020001096343-26-000033Section “SUMMARY COMPENSATION TABLE”. As printed: 2,719,307. Filing ↗machine: r13 · c45 · span 593915–593925
6Section 03, Michael Heaton PSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Thomas Gayner RSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t31 · r3 · c19 · span 632027–632036
8Section 03, Richard Grinnan PSUDEF 14A2026-04-020001096343-26-000033Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t31 · r13 · c19 · span 655116–655123
9Section 03, Brian Costanzo RSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t31 · r16 · c20 · span 661548–661555
10Section 03, Thomas Gayner PSUDEF 14A2026-04-020001096343-26-000033Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t31 · r3 · c19 · span 632027–632036
11Section 03, Simon Wilson PSUDEF 14A2026-04-020001096343-26-000033Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t31 · r9 · c18 · span 645417–645424
12Section 03, Brian Costanzo PSUDEF 14A2026-04-020001096343-26-000033Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t31 · r16 · c20 · span 661548–661555
13Section 03, Thomas Gayner PSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Richard Grinnan PSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
15Section 03, Simon Wilson RSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t31 · r9 · c18 · span 645417–645424
16Section 03, Brian Costanzo PSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
17Section 03, Richard Grinnan RSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t31 · r13 · c19 · span 655116–655123
18Section 03, Simon Wilson PSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
19Section 03, Michael Heaton RSUDEF 14A2026-04-020001096343-26-000033Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t31 · r6 · c19 · span 638969–638976
20Section 07, pay ratioDEF 14A2026-04-020001096343-26-000033Section “CEO Pay Ratio”. As printed: 194.5 : 1. Filing ↗machine: span 922061–922066
21Section 08, Michael O'ReillyDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 334,636. Filing ↗machine: t24 · r9 · c11 · span 420626–420634
22Section 08, Morgan E. HouselDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 301,302. Filing ↗machine: t24 · r5 · c11 · span 413631–413639
23Section 08, Diane LeopoldDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 301,302. Filing ↗machine: t24 · r6 · c11 · span 415516–415524
24Section 08, A. Lynne PuckettDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 301,302. Filing ↗machine: t24 · r10 · c11 · span 422489–422497
25Section 08, Jonathan E. MichaelDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 301,302. Filing ↗machine: t24 · r7 · c11 · span 417143–417151
26Section 08, Lawrence A. CunninghamDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 295,478. Filing ↗machine: t24 · r3 · c11 · span 409856–409864
27Section 08, Harold L. Morrison, JrDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 295,191. Filing ↗machine: t24 · r8 · c11 · span 419038–419046
28Section 08, Greta J. HarrisDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 289,080. Filing ↗machine: t24 · r4 · c11 · span 411743–411751
29Section 08, Mark M. BescaDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 286,930. Filing ↗machine: t24 · r2 · c11 · span 407933–407941
30Section 08, Thomas S. GaynerDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, Steven A. MarkelDEF 14A2026-04-020001096343-26-000033Section “Director Compensation”. As printed: 0. Filing ↗
32Section 02, A. Lynne Puckett 2026-05-01Form 42026-05-050001502389-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Diane Leopold 2026-05-06Form 42026-05-080001595985-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Diane Leopold 2026-05-06Form 42026-05-080001595985-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Thomas Sinnickson Gayner 2026-05-15Form 42026-05-190001159015-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Brian Costanzo 2026-05-15Form 42026-05-190001873434-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Andrew G. Crowley 2026-05-15Form 42026-05-190001926618-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Andrew G. Crowley 2026-05-15Form 42026-05-190001926618-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Brian Costanzo 2026-05-15Form 42026-05-190001873434-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Richard Grinnan 2026-05-15Form 42026-05-190001343787-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Greta J. Harris 2026-05-20Form 42026-05-220001857626-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Michael Oreilly 2026-05-20Form 42026-05-220001192729-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jonathan E. Michael 2026-05-20Form 42026-05-220001192701-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Harold L. Morrison, Jr 2026-05-20Form 42026-05-220001438434-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Morgan E. Housel 2026-05-20Form 42026-05-220001894001-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Mark M. Besca 2026-05-20Form 42026-05-220001831351-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Diane Leopold 2026-05-20Form 42026-05-220001595985-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, A. Lynne Puckett 2026-05-20Form 42026-05-220001502389-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Lawrence A. Cunningham 2026-05-20Form 42026-05-220001699875-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Greta J. Harris 2026-05-22Form 42026-05-270001857626-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Greta J. Harris 2026-05-22Form 42026-05-270001857626-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Greta J. Harris 2026-05-22Form 42026-05-270001857626-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Michael Oreilly 2026-06-15Form 42026-06-170001192729-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Morgan E. Housel 2026-06-15Form 42026-06-170001894001-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Lawrence A. Cunningham 2026-06-15Form 42026-06-170001699875-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Harold L. Morrison, Jr 2026-06-15Form 42026-06-170001438434-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Diane Leopold 2026-06-15Form 42026-06-170001595985-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Mark M. Besca 2026-06-15Form 42026-06-170001831351-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, A. Lynne Puckett 2026-06-15Form 42026-06-170001502389-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Jonathan E. Michael 2026-06-15Form 42026-06-170001192701-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Brian Costanzo 2026-06-30Form 42026-07-160001873434-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Andrew G. Crowley 2026-07-15Form 42026-07-160001926618-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Andrew G. Crowley 2026-07-15Form 42026-07-160001926618-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
64Section 06, 2026 voteForm 8-K2026-05-220001096343-26-000050Item 5.07 · say-on-pay result. As reported: 97.02% (votes for as printed: 8,767,980). Filing ↗
65Section 06, 2025 voteForm 8-K2025-05-230001096343-25-000084Item 5.07 · say-on-pay result. As reported: 97.9% (votes for as printed: 9,197,809). Filing ↗
66Section 06, 2024 voteForm 8-K2024-05-240001096343-24-000076Item 5.07 · say-on-pay result. As reported: 87.54% (votes for as printed: 8,362,202). Filing ↗
67Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
68Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
69Section 09b board cost (computed)ComputedcomputedCash 1,020,000 + equity 1,476,720 + all other 209,803 = 2,706,523, summed across the director compensation table rows.machine: formula: Σ = 2,706,523
70KKR & Co., Section 10b CEO total10-K2026-02-270001404912-26-000007CEO total compensation as printed in KKR & Co.'s own proxy. As printed: 84,270,205. Filing ↗machine: t246 · r10 · c12 · span 18528931–18528941
71Aon, Section 10b CEO totalDEF 14A2026-04-280001193125-26-187428CEO total compensation as printed in Aon's own proxy. As printed: 73,742,639. Filing ↗machine: t52 · r4 · c17 · span 1294068–1294078
72Chubb Ltd., Section 10b CEO totalDEF 14A2026-04-030001104659-26-039513CEO total compensation as printed in Chubb Ltd.'s own proxy. As printed: 33,180,582. Filing ↗machine: span 1543364–1543374
73Marsh & McLennan, Section 10b CEO totalDEF 14A2026-03-310001193125-26-133303CEO total compensation as printed in Marsh & McLennan's own proxy. As printed: 25,051,051. Filing ↗machine: r4 · c35 · span 942007–942017
74Danaher Corp., Section 10b CEO totalDEF 14A2026-03-250000313616-26-000101CEO total compensation as printed in Danaher Corp.'s own proxy. As printed: 23,795,280. Filing ↗machine: t122 · r2 · c21 · span 1070180–1070190
75Hartford Financial Services, Section 10b CEO totalDEF 14A2026-04-090000874766-26-000025CEO total compensation as printed in Hartford Financial Services's own proxy. As printed: 22,114,212. Filing ↗machine: r2 · c51 · span 1020351–1020361
76Dover Corp., Section 10b CEO totalDEF 14A2026-03-240001193125-26-120708CEO total compensation as printed in Dover Corp.'s own proxy. As printed: 18,757,706. Filing ↗machine: t263 · r2 · c35 · span 813120–813130
77W. R. Berkley Corp., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170583CEO total compensation as printed in W. R. Berkley Corp.'s own proxy. As printed: 16,823,866. Filing ↗machine: t411 · r4 · c21 · span 915307–915317
78Illinois Tool Works, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127599CEO total compensation as printed in Illinois Tool Works's own proxy. As printed: 15,211,011. Filing ↗machine: span 1647874–1647884
79Arch Capital Group, Section 10b CEO totalDEF 14A2026-03-240000947484-26-000038CEO total compensation as printed in Arch Capital Group's own proxy. As printed: 14,626,320. Filing ↗machine: t151 · r2 · c13 · span 2735621–2735631
80Markel Group Inc. (subject), Section 10b CEO totalDEF 14A2026-04-020001096343-26-000033CEO total compensation as printed in Markel Group Inc.'s own proxy. As printed: 14,124,065. Filing ↗machine: r2 · c45 · span 566440–566451
81Fidelity National Financial, Section 10b CEO totalDEF 14A2026-04-290001104659-26-051485CEO total compensation as printed in Fidelity National Financial's own proxy. As printed: 11,646,893. Filing ↗machine: r1 · c6 · span 620811–620821
82American Financial Group, Section 10b CEO totalDEF 14A2026-04-030001140361-26-013118CEO total compensation as printed in American Financial Group's own proxy. As printed: 11,042,543. Filing ↗machine: t205 · r2 · c19 · span 956069–956079
83Everest Re Group, Section 10b CEO totalDEF 14A2026-04-100001628280-26-024596CEO total compensation as printed in Everest Re Group's own proxy. As printed: 8,952,500. Filing ↗machine: t42 · r4 · c17 · span 2079880–2079889
84Loews Corp., Section 10b CEO totalDEF 14A2026-04-010000060086-26-000023CEO total compensation as printed in Loews Corp.'s own proxy. As printed: 8,770,880. Filing ↗machine: t123 · r18 · c13 · span 671688–671697
85The Carlyle Group, Section 10b CEO totalDEF 14A2026-04-230001527166-26-000017CEO total compensation as printed in The Carlyle Group's own proxy. As printed: 7,149,859. Filing ↗machine: span 1925524–1925533
86Section 10a, Marsh & McLennan reciprocityDEF 14A0001193125-26-133303Marsh & McLennan's most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
87Section 10a, Aon reciprocityDEF 14A0001193125-26-187428Aon's most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
88Section 10a, Chubb Ltd. reciprocityDEF 14A0001104659-26-039513Chubb Ltd.'s most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
89Section 10a, Arch Capital Group reciprocityDEF 14A0000947484-26-000038Arch Capital Group names Markel Group Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, The Carlyle Group reciprocityDEF 14A0001527166-26-000017The Carlyle Group's most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
91Section 10a, W. R. Berkley Corp. reciprocityDEF 14A0001193125-26-170583W. R. Berkley Corp. names Markel Group Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
92Section 10a, American Financial Group reciprocityDEF 14A0001140361-26-013118American Financial Group names Markel Group Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
93Section 10a, Loews Corp. reciprocityDEF 14A0000060086-26-000023Loews Corp.'s most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
94Section 10a, Dover Corp. reciprocityDEF 14A0001193125-26-120708Dover Corp.'s most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
95Section 10a, Fidelity National Financial reciprocityDEF 14A0001104659-26-051485Fidelity National Financial names Markel Group Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Danaher Corp. reciprocityDEF 14A0000313616-26-000101Danaher Corp.'s most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
97Section 10a, Illinois Tool Works reciprocityDEF 14A0001193125-26-127599Illinois Tool Works's most recent proxy was read; its disclosed peer group does not include Markel Group Inc.. Filing ↗
98Section 10a, Everest Re Group reciprocityDEF 14A0001628280-26-024596Everest Re Group names Markel Group Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗