Institutional Financial Markets Chairman Daniel Cohen's 2022 pay falls 76% to $3M
Institutional Financial Markets reports 2022 executive compensation
By ExecPay News
Published: April 21, 2023
Institutional Financial Markets reported fiscal year 2022 executive compensation information on April 21, 2023.
In 2022, three executives at Institutional Financial Markets received on average a compensation package of $2.4M, a 74% decrease compared to previous year.
Average pay of disclosed executives at Institutional Financial Markets
Daniel G. Cohen, Chairman, received $3M in total, which decreased by 76% compared to 2021. 71% of Cohen's compensation, or $2.1M, was in bonus. Cohen also received $630K in salary, $179K in stock awards, as well as $50K in other compensation.
Lester R. Brafman, Chief Executive Officer, received a compensation package of $3M, which decreased by 76% compared to previous year. 71% of the compensation package, or $2.1M, was in bonus.
Joseph W. Pooler, Jr, Chief Financial Officer, earned $1.3M in 2022, a 48% decrease compared to previous year.
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Source: SEC filing on April 21, 2023.