BankUnited CEO Rajinder Singh's 2021 pay jumps 26% to $5.9M
BankUnited reports 2021 executive compensation
By ExecPay News
Published: April 8, 2022
BankUnited reported fiscal year 2021 executive compensation information on April 8, 2022.
In 2021, five BankUnited executives received on average a compensation package of $2.8M, a 26% increase compared to previous year.
Average pay of disclosed executives at BankUnited
Rajinder P. Singh, Chief Executive Officer, received $5.9M in total, which increased by 26% compared to 2020. 49% of Singh's compensation, or $2.9M, was in stock awards. Singh also received $1.9M in non-equity incentive plan, $1M in salary, as well as $107K in other compensation.
For fiscal year 2021, the median employee pay was $103,655 at BankUnited. Therefore, the ratio of Rajinder P. Singh's pay to the median employee pay was 57 to one.
Thomas M. Cornish, Chief Operating Officer, received a compensation package of $3.1M, which increased by 27% compared to previous year. 41% of the compensation package, or $1.3M, was in stock awards.
Leslie N. Lunak, Chief Financial Officer, earned $1.8M in 2021, a 24% increase compared to previous year.
Rishi Bansal, Chief Investment Officer, received $1.8M in 2021, which increases by 23% compared to 2020.
Jay D. Richards, Chief Risk Officer Bank United, N.A, earned $1.3M in 2021, a 27% increase compared to previous year.
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Source: SEC filing on April 8, 2022.