MARKEL GROUP INC.
For the period ended Apr 2, 2026. Filed Apr 2, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 2, 2026 · Filed Apr 2, 2026
Contents
Performance Modifiers
As noted under "2025 Incentive Awards" under "Compensation Discussion and Analysis — Incentive Compensation" above: (a) the five-year average operating income from January 1, 2021 through December 31, 2025 was $2,596.9 million, and the five-year CAGR in total shareholder return from January 1, 2021 through December 31, 2025, was 16%; and (b) based on the performance grids set forth above, the total performance modifier used to determine Cash Awards under the Non-Equity Incentive Plan and Performance-Based Equity Awards for 2025 performance was calculated as follows for all of the named executive officers (other than as noted below under "2025 Awards" for Mr. Wilson):
| Performance Criteria | 2025 Amount($ in millions) | 2025 Performance Modifier Expressed as a Percentage of Target Potential |
|---|---|---|
| 5-Year Average Operating Income | $2,596.9 | 140% |
| 5-Year CAGR in Total Shareholder Return | 16% | 200% |
| Total 2025 Performance Modifier: | (140%+200%)/2 = 170% |
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