BankUnited CEO Rajinder Singh's 2018 pay rises 19% to $5.6M
BankUnited reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
BankUnited reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, five BankUnited executives received on average a compensation package of $2.5M, which is about the same as previous year.
Average pay of disclosed executives at BankUnited
Rajinder P. Singh, Chief Executive Officer, received $5.6M in total, which increased by 19% compared to 2017. 45% of Singh's compensation, or $2.5M, was in stock awards. Singh also received $1.5M in non-equity incentive plan, $985K in salary, as well as $614K in other compensation.
For fiscal year 2018, the median employee pay was $87,800 at BankUnited. Therefore, the ratio of Rajinder P. Singh's pay to the median employee pay was 64 to one.
Thomas M. Cornish, Chief Operating Officer, received a compensation package of $2.7M, which decreased by 18% compared to previous year. 41% of the compensation package, or $1.1M, was in stock awards.
Rishi Bansal, Chief Investment Officer, earned $1.7M in 2018, a 2% increase compared to previous year.
Leslie N. Lunak, Chief Financial Officer, received $1.6M in 2018, which decreases by 20% compared to 2017.
Jeffrey Starr, General Counsel, earned $1.1M in 2018, a 1% decrease compared to previous year.
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Source: SEC filing on April 5, 2019.