Liam E. McGee, chairman and CEO of The Hartford Financial Services Group, received an $11.7 million pay package last year, almost three times his 2012 compensation of $4.17 million, according to documents filed late Thursday with the U.S. Securities and Exchange Commission.
In 2013, McGee received $1.1 million in salary, $3.74 million in non-equity incentive pay, $330,315 in “other compensation,” $906,779 in deferred performance units granted in 2010 when The Hartford’s executive compensation was restricted as a part of the federal government’s Troubled Asset Relief Program, and $5.64 million in value realized from stock vested.
Separately, McGee was given stock-and-option awards worth $12.5 million at the time of distribution. Their ultimate value depends on the company’s future performance.
Chief Financial Officer Christopher Swift received a pay package totaling $4.7 million, not including stock-and-option awards worth $4.2 million, which will provide value in the future and depend on the company’s performance.
Douglas Elliot, president of Commercial Markets, received $2.53 million last year, not including stock-and-option awards valued at $4 million.
General Counsel Alan Kreczko received $2.38 million, not including stock-and-option awards valued at $2.2 million.
Chief Risk Officer Robert Rupp received $2.18 million, not including stock-and-option awards valued at $2.6 million.