BankUnited CEO Rajinder Singh's 2019 pay slips 5% to $5.3M

BankUnited reports 2019 executive compensation

By ExecPay News

Published: April 10, 2020

BankUnited reported fiscal year 2019 executive compensation information on April 10, 2020.
In 2019, five BankUnited executives received on average a compensation package of $2.4M, a 4% decrease compared to previous year.
Average pay of disclosed executives at BankUnited
Rajinder P. Singh, Chief Executive Officer, received $5.3M in total, which decreased by 5% compared to 2018. 47% of Singh's compensation, or $2.5M, was in stock awards. Singh also received $731 of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $1M in salary, as well as $319K in other compensation.
For fiscal year 2019, the median employee pay was $90,073 at BankUnited. Therefore, the ratio of Rajinder P. Singh's pay to the median employee pay was 59 to one.
Thomas M. Cornish, Chief Operating Officer, received a compensation package of $2.7M, which is about the same as previous year. 41% of the compensation package, or $1.1M, was in stock awards.
Leslie N. Lunak, Chief Financial Officer, earned $1.6M in 2019, which is about the same as previous year.
Rishi Bansal, Chief Investment Officer, received $1.6M in 2019, which decreases by 9% compared to 2018.
Jay D. Richards, Chief Risk Officer Bank United, N.A, earned $1.1M in 2019.

Related executives

Rajinder Singh

BankUnited

Chief Executive Officer

Leslie Lunak

BankUnited

Chief Financial Officer

Thomas Cornish

BankUnited

Chief Operating Officer

Rishi Bansal

BankUnited

Chief Investment Officer

Jay Richards

BankUnited

Chief Risk Officer Bank United, N.A

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Source: SEC filing on April 10, 2020.