MBIA CEO William Fallon's 2019 pay falls 71% to $4M
MBIA reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
MBIA reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, six MBIA executives received on average a compensation package of $2M, a 72% decrease compared to previous year.
Average pay of disclosed executives at MBIA
William C. Fallon, Chief Executive Officer, received $4M in total, which decreased by 71% compared to 2018. 39% of Fallon's compensation, or $1.6M, was in stock awards. Fallon also received $1.3M in non-equity incentive plan, $900K in salary, as well as $276K in other compensation.
For fiscal year 2019, the median employee pay was $270,642 at MBIA. Therefore, the ratio of William C. Fallon's pay to the median employee pay was 15 to one.
Anthony McKiernan, Chief Financial Officer, received a compensation package of $2M, which decreased by 71% compared to previous year. 37% of the compensation package, or $750K, was in stock awards.
Adam T. Bergonzi, AVP and National's Chief Risk Officer, earned $1.8M in 2019, a 73% decrease compared to previous year.
Jonathan C. Harris, General Counsel, received $1.4M in 2019, which decreases by 71% compared to 2018.
Christopher H. Young, Chief Financial Officer, earned $1.3M in 2019, a 72% decrease compared to previous year.
Daniel M. Avitabile, AVP and MBIA Insurance's President and Chief Risk Officer, received $1.3M in 2019, which decreases by 72% compared to 2018.
Related executives
William Fallon
MBIA
Chief Executive Officer
Anthony McKiernan
MBIA
Chief Financial Officer
Adam Bergonzi
MBIA
AVP and National's Chief Risk Officer
Jonathan Harris
MBIA
General Counsel
Christopher Young
MBIA
Chief Financial Officer
Daniel Avitabile
MBIA
AVP and MBIA Insurance's President and Chief Risk Officer
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Source: SEC filing on March 25, 2020.