Flagstar Bancorp CEO Alessandro DiNello's 2020 pay rises 8% to $3.7M
Flagstar Bancorp reports 2020 executive compensation
By ExecPay News
Published: April 15, 2021
Flagstar Bancorp reported fiscal year 2020 executive compensation information on April 15, 2021.
In 2020, six executives at Flagstar Bancorp received on average a compensation package of $1.8M, a 7% decrease compared to previous year.
Average pay of disclosed executives at Flagstar Bancorp
Alessandro P. DiNello, Chief Executive Officer, received $3.7M in total, which increased by 8% compared to 2019. 60% of DiNello's compensation, or $2.3M, was in non-equity incentive plan. DiNello also received $1M in salary, $412K in stock awards, as well as $72K in other compensation.
For fiscal year 2020, the median employee pay was $58,850 at Flagstar Bancorp. Therefore, the ratio of Alessandro P. DiNello's pay to the median employee pay was 63 to one.
Lee M. Smith, Executive Vice President and President of Mortgage, received a compensation package of $2.4M, which increased by 11% compared to previous year. 59% of the compensation package, or $1.4M, was in non-equity incentive plan.
James K. Ciroli, Chief Financial Officer, earned $1.8M in 2020, a 14% increase compared to previous year.
Stephen V. Figliuolo, Executive Vice President and Chief Risk Officer, received $1.4M in 2020, which increases by 10% compared to 2019.
Kristy Williams Fercho, Executive Vice President and President of Mortgage, earned $772K in 2020, a 30% decrease compared to previous year.
Paul D. Borja, General Counsel, received $639K in 2020.
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
Paul Borja
Flagstar Bancorp
General Counsel
Kristy Fercho
Flagstar Bancorp
Executive Vice President and President of Mortgage
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Source: SEC filing on April 15, 2021.