BankUnited CEO Rajinder Singh's 2020 pay slips 12% to $4.7M
BankUnited reports 2020 executive compensation
By ExecPay News
Published: April 8, 2021
BankUnited reported fiscal year 2020 executive compensation information on April 8, 2021.
In 2020, five BankUnited executives received on average a compensation package of $2.2M, a 10% decrease compared to previous year.
Average pay of disclosed executives at BankUnited
Rajinder P. Singh, Chief Executive Officer, received $4.7M in total, which decreased by 12% compared to 2019. 53% of Singh's compensation, or $2.5M, was in stock awards. Singh also received $1M in bonus, $1M in salary, as well as $177K in other compensation.
For fiscal year 2020, the median employee pay was $92,843 at BankUnited. Therefore, the ratio of Rajinder P. Singh's pay to the median employee pay was 50 to one.
Thomas M. Cornish, Chief Operating Officer, received a compensation package of $2.5M, which decreased by 9% compared to previous year. 45% of the compensation package, or $1.1M, was in stock awards.
Rishi Bansal, Chief Investment Officer, earned $1.5M in 2020, a 7% decrease compared to previous year.
Leslie N. Lunak, Chief Financial Officer, received $1.4M in 2020, which decreases by 8% compared to 2019.
Jay D. Richards, Chief Risk Officer Bank United, N.A, earned $1M in 2020, a 6% decrease compared to previous year.
Related executives
You may also like
Source: SEC filing on April 8, 2021.