Luther Burbank Corp CEO Simone Lagomarsino's 2021 pay rises 6% to $2.2M
Luther Burbank Corp reports 2021 executive compensation
By ExecPay News
Published: September 8, 2023
Luther Burbank Corp reported fiscal year 2021 executive compensation information on September 8, 2023.
In 2021, four executives at Luther Burbank Corp received on average a compensation package of $1.4M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Luther Burbank Corp
Simone Lagomarsino, Chief Executive Officer, received $2.2M in total, which increased by 6% compared to 2020. 37% of Lagomarsino's compensation, or $800K, was in stock awards. Lagomarsino also received $656K in non-equity incentive plan, $700K in salary, as well as $33K in other compensation.
Laura Tarantino, Chief Financial Officer, received a compensation package of $1.6M, which increased by 14% compared to previous year. 39% of the compensation package, or $603K, was of change in pension value and nonqualified deferred compensation earnings.
Liana Prieto, General Counsel, earned $950K in 2021, a 3% increase compared to previous year.
Tammy Mahoney, EVP, Chief Risk Officer, received $874K in 2021.
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Source: SEC filing on September 8, 2023.