New York Mortgage Trust President Jason Serrano receives $5.1M in 2019
New York Mortgage Trust reports 2019 executive compensation
By ExecPay News
Published: April 29, 2020
New York Mortgage Trust reported fiscal year 2019 executive compensation information on April 29, 2020.
In 2019, four executives at New York Mortgage Trust received on average a compensation package of $3.2M, a 77% increase compared to previous year.
Average pay of disclosed executives at New York Mortgage Trust
Jason T. Serrano, President, received $5.1M in total. 66% of Serrano's compensation, or $3.4M, was in stock awards. Serrano also received $938K in non-equity incentive plan, $739K in salary, as well as $97K in other compensation.
For fiscal year 2019, the median employee pay was $179,517 at New York Mortgage Trust. Therefore, the ratio of Jason T. Serrano's pay to the median employee pay was 29 to one.
Steven R. Mumma, Chief Executive Officer, received a compensation package of $5M, which increased by 49% compared to previous year. 56% of the compensation package, or $2.8M, was in stock awards.
Nathan R. Reese, Chief Operating Officer, earned $1.3M in 2019, a 24% increase compared to previous year.
Kristine R. Nario-Eng, Chief Financial Officer, received $1.3M in 2019, which increases by 28% compared to 2018.
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Source: SEC filing on April 29, 2020.