Luther Burbank Corp CEO Simone Lagomarsino's 2020 pay falls 21% to $2.1M
Luther Burbank Corp reports 2020 executive compensation
By ExecPay News
Published: March 17, 2021
Luther Burbank Corp reported fiscal year 2020 executive compensation information on March 17, 2021.
In 2020, three executives at Luther Burbank Corp received on average a compensation package of $1.5M, a 5% decrease compared to previous year.
Average pay of disclosed executives at Luther Burbank Corp
Simone Lagomarsino, Chief Executive Officer, received $2.1M in total, which decreased by 21% compared to 2019. 39% of Lagomarsino's compensation, or $800K, was in stock awards. Lagomarsino also received $525K in non-equity incentive plan, $713K in salary, as well as $32K in other compensation.
Laura Tarantino, Chief Financial Officer, received a compensation package of $1.4M, which increased by 30% compared to previous year. 34% of the compensation package, or $465K, was of change in pension value and nonqualified deferred compensation earnings.
Liana Prieto, General Counsel, earned $926K in 2020, a 1% increase compared to previous year.
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Source: SEC filing on March 17, 2021.