BankUnited CEO Rajinder Singh's 2019 pay slips 5% to $5.3M
BankUnited reports 2019 executive compensation
By ExecPay News
Published: April 10, 2020
BankUnited reported fiscal year 2019 executive compensation information on April 10, 2020.
In 2019, five BankUnited executives received on average a compensation package of $2.4M, a 4% decrease compared to previous year.
Average pay of disclosed executives at BankUnited
Rajinder P. Singh, Chief Executive Officer, received $5.3M in total, which decreased by 5% compared to 2018. 47% of Singh's compensation, or $2.5M, was in stock awards. Singh also received $731 of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $1M in salary, as well as $319K in other compensation.
For fiscal year 2019, the median employee pay was $90,073 at BankUnited. Therefore, the ratio of Rajinder P. Singh's pay to the median employee pay was 59 to one.
Thomas M. Cornish, Chief Operating Officer, received a compensation package of $2.7M, which is about the same as previous year. 41% of the compensation package, or $1.1M, was in stock awards.
Leslie N. Lunak, Chief Financial Officer, earned $1.6M in 2019, which is about the same as previous year.
Rishi Bansal, Chief Investment Officer, received $1.6M in 2019, which decreases by 9% compared to 2018.
Jay D. Richards, Chief Risk Officer Bank United, N.A, earned $1.1M in 2019.
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Source: SEC filing on April 10, 2020.