Assured Guaranty CEO Dominic Frederico's 2019 pay slips 5% to $12M
Assured Guaranty reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
Assured Guaranty reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, five executives at Assured Guaranty received on average a compensation package of $5.3M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Assured Guaranty
Dominic J. Frederico, Chief Executive Officer, received $12M in total, which decreased by 5% compared to 2018. 53% of Frederico's compensation, or $6.4M, was in stock awards. Frederico also received $3.7M in non-equity incentive plan, $1.3M in salary, as well as $752K in other compensation.
For fiscal year 2019, the median employee pay was $255,268 at Assured Guaranty. Therefore, the ratio of Dominic J. Frederico's pay to the median employee pay was 48 to one.
Robert A. Bailenson, Chief Financial Officer, received a compensation package of $4.7M, which decreased by 2% compared to previous year. 43% of the compensation package, or $2M, was in non-equity incentive plan.
Ling Chow, General Counsel, earned $3.6M in 2019, which is about the same as previous year.
Russell B. Brewer II, Chief Surveillance Officer, received $3.5M in 2019, which decreases by 5% compared to 2018.
Bruce E. Stern, Executive Officer, earned $2.7M in 2019, a 6% decrease compared to previous year.
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Source: SEC filing on March 25, 2020.