BankUnited CEO Rajinder Singh's 2020 pay slips 12% to $4.7M

BankUnited reports 2020 executive compensation

By ExecPay News

Published: April 8, 2021

BankUnited reported fiscal year 2020 executive compensation information on April 8, 2021.
In 2020, five BankUnited executives received on average a compensation package of $2.2M, a 10% decrease compared to previous year.
Average pay of disclosed executives at BankUnited
Rajinder P. Singh, Chief Executive Officer, received $4.7M in total, which decreased by 12% compared to 2019. 53% of Singh's compensation, or $2.5M, was in stock awards. Singh also received $1M in bonus, $1M in salary, as well as $177K in other compensation.
For fiscal year 2020, the median employee pay was $92,843 at BankUnited. Therefore, the ratio of Rajinder P. Singh's pay to the median employee pay was 50 to one.
Thomas M. Cornish, Chief Operating Officer, received a compensation package of $2.5M, which decreased by 9% compared to previous year. 45% of the compensation package, or $1.1M, was in stock awards.
Rishi Bansal, Chief Investment Officer, earned $1.5M in 2020, a 7% decrease compared to previous year.
Leslie N. Lunak, Chief Financial Officer, received $1.4M in 2020, which decreases by 8% compared to 2019.
Jay D. Richards, Chief Risk Officer Bank United, N.A, earned $1M in 2020, a 6% decrease compared to previous year.

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 8, 2021.