Marsh & Mclennan Companies (MRSH) executive compensation, 2026 proxy

John Q. Doyle, President and CEO, Marsh, was paid $25.1M in 2025, up 10% from $22.8M the year before. The CEO-to-median-employee pay ratio was 330:1, on median employee pay of $76,092.

Filed
March 31, 2026
Annual meeting
May 21, 2026
Pay year
2025
Named executives
5
CEO total pay
$25.1M+10% vs prior year
CEO to median employee
330:1median $76,092
CEO pay in equity
70%$17.6M in awards
Prior say-on-pay support
91%of votes cast
CEO Target Bonus
$3,750,000As approved by Compensation Committee
CEO Target LTI
$16,750,000Grant date fair value target
CEO At-Risk Pay
93%Of target total direct compensation
Other NEO At-Risk Pay
83%Average of target total direct compensation

How Doyle was paid

$25.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary6%Stock awards37%Option awards33%Non-equity incentive22%All other compensation2%

Named executive officers

ExecutiveTotal
John Q. DoylePresident and CEO, Marsh$25,051,051
Mark C. McGivneyChief Financial Officer, Marsh$8,123,648
Martin C. SouthPresident and Chief Executive Officer, Marsh Risk and Vice Chair, Marsh$8,000,994
Patrick TomlinsonPresident and Chief Executive Officer, Mercer and Vice Chair, Marsh$6,175,422
Dean M. KlisuraPresident and Chief Executive Officer, Guy Carpenter and Vice Chair, Marsh$6,520,596

What changed and why

  • $25.1MCEO total compensation increased to $25,051,051 in 2025 from $22,807,539 in 2024.
  • 93%At-risk pay represented approximately 93% of the CEO's target total direct compensation.
  • 91%Stockholders approved the 2025 say-on-pay proposal with approximately 91% support.
  • The ratio of CEO to median employee annual total compensation was 330 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.