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.
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.
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Patrick Sinks
MGIC Investment
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MGIC Investment
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James Hughes
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Salvatore Miosi
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Jeffrey Lane
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