Lawrence A. Marsiello
2008
In 2008, Lawrence A. Marsiello earned a total compensation of $6.3M as Retired Vice Chairman and Chief Lending Officer at CIT Group, a 83% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,269,593 |
|---|---|
| Option Awards | $12,933 |
| Salary | $101,923 |
| Stock Awards | $3,660,057 |
| Other | $1,228,671 |
| Total | $6,273,177 |
Marsiello received $3.7M in stock awards, accounting for 58% of the total pay in 2008.
Marsiello also received $1.3M of change in pension value and nonqualified deferred compensation earnings, $12.9K in option awards, $101.9K in salary and $1.2M in other compensation.
Rankings
In 2008, Lawrence A. Marsiello's compensation ranked 583rd out of 9,135 executives tracked by ExecPay. In other words, Marsiello earned more than 93.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 583 out of 9,135 | 94th |
Division Finance, Insurance, And Real Estate | 117 out of 2,034 | 94th |
Major group Depository Institutions | 37 out of 943 | 96th |
Industry group Commercial Banks | 35 out of 802 | 96th |
Industry National Commercial Banks | 23 out of 316 | 93rd |
Source: SEC filing on April 1, 2009.
Marsiello's colleagues
We found five more compensation records of executives who worked with Lawrence A. Marsiello at CIT Group in 2008.