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Aon PLC Executive Compensation (FY25)

AON · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Gregory Case
Latest say-on-pay support
=
June 26, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): July 1, 2026
16 filings cited on this page
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320 figures on this page: 309 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Gregory Case: $26,205,390 → $73,742,639 (181.4% higher)
Say-on-pay support: 89.1% → 38.7% (50.4 points lower)
CEO pay ratio: 306:1 → 826:1 (169.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Aon PLC's chief executive and what were they paid?
Total compensation for Gregory Case, President and Chief Executive Officer, came to $73,742,639 in fiscal 2025. Case's total was 181.4% higher than the $26,205,390 reported for fiscal 2024.
What was Aon PLC's say-on-pay result?
The say-on-pay proposal drew 38.7% of votes cast for or against in favor at the meeting held June 26, 2026 for fiscal 2025.
Which companies are in Aon PLC's peer group?
The disclosed peer group includes A.J. Gallagher & Co., Accenture plc, Automatic Data Processing, Inc., Bank of New York Mellon Corp. and BlackRock, Inc., among others.
What is Aon PLC's chief executive pay ratio?
The company reported a chief executive pay ratio of 826:1 for fiscal 2025, against median employee compensation of $89,327.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Case
Chief Executive Officer
◇—◇———◇◇
Christa Davies
Executive Vice President and Chief Financial Officer
◇—◇———◇◇
Eric Andersen
President
◇—◇———◇◇
Lisa Stevens
Chief People Officer and Head of Human Capital Solutions
◇—◇———◇◇
Darren Zeidel
Executive Vice President, General Counsel, and Company Secretary
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christa Davies
Executive Vice President and Chief Financial Officer
◇—◇———◇◇
Eric Andersen
President
◇—◇——◇◇◇
Gregory Case
Chief Executive Officer
◇—◇———◇◇
Lisa Stevens
Executive Vice President and Chief People Officer
◇—◇———◇◇
Darren Zeidel
Executive Vice President, General Counsel, and Company Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Case
President and Chief Executive Officer
◇—◇—◇—◇◇
Christa Davies
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Eric Andersen
President
◇—◇—◇—◇◇
Lisa Stevens
Executive Vice President and Chief Administrative Officer
◇—◇—◇—◇◇
Edmund Reese
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Mindy Simon
Chief Operating Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Case
President and Chief Executive Officer
◇—◇—◇—◇◇
Edmund Reese
Executive Vice President and Chief Financial Officer
◇◇◇—◇◇◇◇
Lisa Stevens
Executive Vice President and Chief Administrative Officer
◇—◇—◇—◇◇
Andy Marcell
Executive Vice President and CEO of Global Solutions
◇—◇—◇—◇◇
Mindy Simon
Executive Vice President and Chief Operating Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andy MarcellPSU◇◇◇—◇—◇
Andy MarcellRSU◇——◇——◇
Edmund ReesePSU◇◇◇—◇—◇
Edmund ReeseRSU◇——◇——◇
Gregory C. CasePSU◇◇◇—◇—◇
Gregory C. CasePSU◇◇◇—◇—◇
Lisa StevensPSU◇◇◇—◇—◇
Lisa StevensRSU◇——◇——◇
Mindy SimonRSU◇——◇——◇
Mindy SimonPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Edmund ReesePSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Mindy SimonPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Gregory CasePSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Lisa StevensPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Andy MarcellRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Edmund Reese
Executive Vice President and Chief Financial Officer · Severance agreement · dated April 28, 2026
Severance multiple◇
Change-in-control multiple◇
Lisa Stevens
Executive Vice President and Chief Administrative Officer · Amended agreement · dated April 28, 2026
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Mindy Simon
Executive Vice President and Chief Operating Officer · Terms as described in the company’s compensation discussion · dated April 28, 2026
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇
Andy Marcell
Executive Vice President and CEO of Global Solutions · Employment agreement · dated January 2, 2026
Severance multiple◇
Change-in-control multiple◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lester B. Knight
Board chair
◇◇———◇◇
Jin-Yong Cai
◇◇———◇◇
Jeffrey C. Campbell
◇◇———◇◇
Cheryl A. Francis
◇◇———◇◇
Richard C. Notebaert
◇◇———◇◇
Byron O. Spruell
◇◇————◇
Jose Antonio Alvarez
◇◇———◇◇
Gloria Santona
◇◇———◇◇
James G. Stavridis
◇◇———◇◇
Adriana Karaboutis
◇◇———◇◇
Sarah E. Smith
◇◇———◇◇
Jo Ann Jenkins
◇◇———◇◇
Gregory C. Case served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee member◇
Stock ownership guideline: Robust share ownership guidelines for directors and senior executives

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • A.J. Gallagher & Co. AJG
  • Accenture plc ACN
  • Automatic Data Processing, Inc. ADP
  • Bank of New York Mellon Corp. BNY
  • BlackRock, Inc. BLK
  • Cognizant Technology Solutions Corp. CTSH
  • Equifax Inc. EFX
  • Fidelity National Information Services, Inc. FIS
  • Fiserv, Inc. FISV
  • Marsh & McLennan Companies, Inc. MRSH
  • Moody's Corporation MCO
  • Morgan Stanley MS
  • Northern Trust Corporation NTRS
  • S&P Global Inc. SPGI
  • State Street Corporation STT
  • Willis Towers Watson plc WTW

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 26, 2026=◇◇◇
2024June 27, 2025=◇◇◇
2023June 21, 2024=◇◇◇
2022June 16, 2023=◇◇◇
2021June 17, 2022=◇◇◇
2020June 2, 2021=◇◇◇
2019June 19, 2020=◇◇◇
2018June 21, 2019=◇◇◇
2017June 22, 2018=◇◇◇
2016June 23, 2017=◇◇◇
2015June 24, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Gregory Case (President and Chief Executive Officer), FY2025 total compensation $73,742,639 (base salary $1,500,000) [exec_comp, SEC accession 0001193125-26-187428, filed 2026-04-28]

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What this page does not include

Everything above is a fact Aon PLC disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Say-on-pay responsiveness
Aon PLC recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
320 figures on this page: 309 cited to the filing that reported them, 11 calculated from figures it prints.
309 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-292736
  2. 0001193125-26-187428
    CEO Pay Ratio · Director Compensation table · Employment Agreement · Grants of Plan-Based Awards · and 2 more sections
  3. 0001628280-26-008116
    EX-10.60
  4. 0001193125-25-155525
    Proposal 8–Resolution to Approve the Aon plc 2011 Incentive Plan, As Amended and Restated”.
  5. 0001193125-25-100564
    Summary Compensation Table for Fiscal Years 2024, 2023 and 2022
  6. 0001193125-24-169166
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-24-122308
    Summary Compensation Table for Fiscal Years 2023, 2022 and 2021
  8. 0001193125-23-172661
  9. 0001193125-23-126897
    Summary Compensation Table for Fiscal Years 2022, 2021 and 2020
  10. 0001193125-22-180055
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-21-183025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-20-178023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-19-181180
  14. 0001193125-18-205680
  15. 0001104659-17-041856
  16. 0001104659-16-129869
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Velarion, “Aon PLC executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AON (accessed 2026).
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16 filings cited on this page
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Aon PLC discloses

The companies named in AON's own disclosed peer group.

A.J. Gallagher & Co.Accenture plcAutomatic Data Processing, Inc.Bank of New York Mellon Corp.BlackRock, Inc.Cognizant Technology Solutions Corp.Equifax Inc.Fidelity National Information Services, Inc.Fiserv, Inc.Marsh & McLennan Companies, Inc.Moody's CorporationMorgan StanleyNorthern Trust CorporationS&P Global Inc.State Street CorporationWillis Towers Watson plc

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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