Institutional Financial Markets Chairman Daniel Cohen's 2020 pay jumps 1,020% to $10M
Institutional Financial Markets reports 2020 executive compensation
By ExecPay News
Published: April 13, 2021
Institutional Financial Markets reported fiscal year 2020 executive compensation information on April 13, 2021.
In 2020, three executives at Institutional Financial Markets received on average a compensation package of $7.2M, a 753% increase compared to previous year.
Average pay of disclosed executives at Institutional Financial Markets
Daniel G. Cohen, Chairman, received $10M in total, which increased by 1,020% compared to 2019. 40% of Cohen's compensation, or $4M, was in stock awards. Cohen also received $1.5M in bonus, $2M of change in pension value and nonqualified deferred compensation earnings, $630K in salary, as well as $2M in other compensation.
Lester R. Brafman, Chief Executive Officer, received a compensation package of $9.9M, which increased by 993% compared to previous year. 41% of the compensation package, or $4M, was in stock awards.
Joseph W. Pooler, Jr, Chief Financial Officer, earned $1.7M in 2020, a 133% increase compared to previous year.
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Source: SEC filing on April 13, 2021.