MGIC Investment CEO Patrick Sinks' 2018 pay rises 13% to $8M
MGIC Investment reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
MGIC Investment reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, six executives at MGIC Investment received on average a compensation package of $3.8M, a 6% increase compared to previous year.
Average pay of disclosed executives at MGIC Investment
Patrick Sinks, Chief Executive Officer, received $8M in total, which increased by 13% compared to 2017. 53% of Sinks' compensation, or $4.2M, was in stock awards. Sinks also received $589K of change in pension value and nonqualified deferred compensation earnings, $2.3M in non-equity incentive plan, $869K in salary, as well as $15K in other compensation.
Timothy Mattke, Chief Financial Officer, received a compensation package of $3.2M, which increased by 14% compared to previous year. 46% of the compensation package, or $1.4M, was in stock awards.
Jeffrey Lane, General Counsel, earned $3.1M in 2018, a 9% decrease compared to previous year.
Stephen Mackey, Executive Vice President and Chief Risk Officer, received $2.9M in 2018, which increases by 33% compared to 2017.
James Hughes, Executive Vice President - Sales Bus. Development, earned $2.8M in 2018, a 15% increase compared to previous year.
Salvatore Miosi, Executive Vice President - Business Strategies & Operations, received $2.7M in 2018.
Related executives
Patrick Sinks
MGIC Investment
Chairman
Timothy Mattke
MGIC Investment
Chief Executive Officer
James Hughes
MGIC Investment
EVP – Sales Bus. Development
Stephen Mackey
MGIC Investment
Former Executive Vice President and Chief Risk Officer
Salvatore Miosi
MGIC Investment
Chief Operating Officer
Jeffrey Lane
MGIC Investment
General Counsel
You may also like
Source: SEC filing on March 22, 2019.