Flagstar Bancorp CEO Alessandro DiNello's 2018 pay jumps 588% to $16M
Flagstar Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 11, 2019
Flagstar Bancorp reported fiscal year 2018 executive compensation information on April 11, 2019.
In 2018, five executives at Flagstar Bancorp received on average a compensation package of $5.8M, a 338% increase compared to previous year.
Average pay of disclosed executives at Flagstar Bancorp
Alessandro P. DiNello, Chief Executive Officer, received $16M in total, which increased by 588% compared to 2017. 86% of DiNello's compensation, or $14M, was in stock awards. DiNello also received $1.2M in non-equity incentive plan, $950K in salary, as well as $57K in other compensation.
For fiscal year 2018, the median employee pay was $55,286 at Flagstar Bancorp. Therefore, the ratio of Alessandro P. DiNello's pay to the median employee pay was 297 to one.
Lee M. Smith, Chief Operating Officer, received a compensation package of $8.6M, which increased by 313% compared to previous year. 83% of the compensation package, or $7.1M, was in stock awards.
James K. Ciroli, Chief Financial Officer, earned $1.4M in 2018, a 27% increase compared to previous year.
Stephen V. Figliuolo, Executive Vice President and Chief Risk Officer, received $1.2M in 2018, which increases by 32% compared to 2017.
Kristy Williams Fercho, Executive Vice President and President of Mortgage, earned $1.1M in 2018, a 81% increase compared to previous year.
Related executives
Alessandro DiNello
Flagstar Bancorp
Chief Executive Officer
Lee Smith
Flagstar Bancorp
Executive Vice President and President of Mortgage
James Ciroli
Flagstar Bancorp
Chief Financial Officer
Stephen Figliuolo
Flagstar Bancorp
Executive Vice President and Chief Risk Officer
Kristy Fercho
Flagstar Bancorp
Executive Vice President and President of Mortgage
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Source: SEC filing on April 11, 2019.