Steven J. McGarry
2021
In 2021, Steven J. McGarry earned a total compensation of $2.4M as Executive Vice President and Chief Financial Officer at SLM, a 15% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $900,000 |
|---|---|
| Option Awards | $449,997 |
| Salary | $500,000 |
| Stock Awards | $500,241 |
| Other | $29,450 |
| Total | $2,379,688 |
McGarry received $900K in non-equity incentive plan, accounting for 38% of the total pay in 2021.
McGarry also received $450K in option awards, $500K in salary, $500.2K in stock awards and $29.5K in other compensation.
Rankings
In 2021, Steven J. McGarry's compensation ranked 5,351st out of 12,405 executives tracked by ExecPay. In other words, McGarry earned more than 56.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 5,351 out of 12,405 | 57th |
Division Finance, Insurance, And Real Estate | 818 out of 2,278 | 64th |
Major group Non-depository Credit Institutions | 36 out of 70 | 49th |
Industry group Personal Credit Institutions | 19 out of 36 | 47th |
Industry Personal Credit Institutions | 19 out of 36 | 47th |
Pay ratio
| Steven J. McGarry's Pay | $2,379,688 |
|---|---|
| Median Employee's Pay | $88,566 |
| Pay Ratio | 27to 1 |
In 2021, the annual total compensation of Steven J. McGarry was $2,379,688.
The annual total compensation of the median employee at SLM was $88,566.
The ratio of Steven J. McGarry's pay to the pay of median employee was therefore 27 to one.
Source: SEC filing on April 28, 2022.
McGarry's colleagues
We found four more compensation records of executives who worked with Steven J. McGarry at SLM in 2021.
2021
Jonathan Witter
SLM
Chief Executive Officer
2021
Kerri Palmer
SLM
Executive Vice President and Chief Risk Officer
2021
Daniel Kennedy
SLM
Executive Vice President and Chief Operational Officer and President of Sallie Mae Bank
2021
Donna Vieira
SLM