CIT Group President of CIT Bank, N.A and Head of Commercial Banking Robert Rubino receives $9M in 2019

CIT Group reports 2019 executive compensation

By ExecPay News

Published: April 2, 2020

CIT Group reported fiscal year 2019 executive compensation information on April 2, 2020.
In 2019, five CIT Group executives received on average a compensation package of $5.6M, a 48% increase compared to previous year.
Average pay of disclosed executives at CIT Group
Robert Rubino, President of CIT Bank, N.A and Head of Commercial Banking, received $9M in total. 49% of Rubino's compensation, or $4.4M, was in stock awards. Rubino also received $2.8M in bonus, $1.1M in non-equity incentive plan, $679K in salary, as well as $12K in other compensation.
For fiscal year 2019, the median employee pay was $93,434 at CIT Group. Therefore, the ratio of Robert Rubino's pay to the median employee pay was 96 to one.
Ellen R. Alemany, Chief Executive Officer, received a compensation package of $8.3M, which decreased by 7% compared to previous year. 60% of the compensation package, or $5M, was in stock awards.
David M. Harnisch, President, Commercial Finance, earned $4.2M in 2019.
John Fawcett, Chief Financial Officer, received $3.8M in 2019, which increases by 7% compared to 2018.
Philip Robbins, President of Asset Management and Capital Markets, earned $2.7M in 2019.

Related executives

Ellen Alemany

CIT Group

Chief Executive Officer

John Fawcett

CIT Group

Chief Financial Officer

Robert Rubino

CIT Group

President of CIT Bank, N.A and Head of Commercial Banking

David Harnisch

CIT Group

President, Commercial Finance

Philip Robbins

CIT Group

President of Asset Management and Capital Markets

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Source: SEC filing on April 2, 2020.