Flagstar Bancorp CEO Alessandro DiNello's 2021 pay rises 20% to $4.5M
Flagstar Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Flagstar Bancorp reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, five executives at Flagstar Bancorp received on average a compensation package of $2.4M, a 37% increase compared to previous year.
Average pay of disclosed executives at Flagstar Bancorp
Alessandro P. DiNello, Chief Executive Officer, received $4.5M in total, which increased by 20% compared to 2020. 50% of DiNello's compensation, or $2.3M, was in non-equity incentive plan. DiNello also received $1M in salary, $1.1M in stock awards, as well as $91K in other compensation.
For fiscal year 2021, the median employee pay was $64,709 at Flagstar Bancorp. Therefore, the ratio of Alessandro P. DiNello's pay to the median employee pay was 69 to one.
Lee M. Smith, Executive Vice President and President of Mortgage, received a compensation package of $2.8M, which increased by 16% compared to previous year. 51% of the compensation package, or $1.4M, was in non-equity incentive plan.
Reginald E. Davis, Executive Vice President and President of Banking, earned $1.8M in 2021.
James K. Ciroli, Chief Financial Officer, received $1.8M in 2021, which is about the same as previous year.
Stephen V. Figliuolo, Executive Vice President and Chief Risk Officer, earned $1.4M in 2021, which is about the same as 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
Reginald Davis
Flagstar Bancorp
Executive Vice President and President of Banking
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Source: SEC filing on April 14, 2022.