MBIA CEO William Fallon's 2018 pay jumps 348% to $14M
MBIA reports 2018 executive compensation
By ExecPay News
Published: March 20, 2019
MBIA reported fiscal year 2018 executive compensation information on March 20, 2019.
In 2018, six MBIA executives received on average a compensation package of $6.9M, a 271% increase compared to previous year.
Average pay of disclosed executives at MBIA
William C. Fallon, Chief Executive Officer, received $14M in total, which increased by 348% compared to 2017. 82% of Fallon's compensation, or $11M, was in stock awards. Fallon also received $1.3M in non-equity incentive plan, $900K in salary, as well as $275K in other compensation.
For fiscal year 2018, the median employee pay was $240,363 at MBIA. Therefore, the ratio of William C. Fallon's pay to the median employee pay was 58 to one.
Anthony McKiernan, Chief Financial Officer, received a compensation package of $7.1M, which increased by 280% compared to previous year. 82% of the compensation package, or $5.8M, was in stock awards.
Adam T. Bergonzi, AVP and National's Chief Risk Officer, earned $6.8M in 2018, a 615% increase compared to previous year.
Jonathan C. Harris, General Counsel, received $4.7M in 2018, which increases by 337% compared to 2017.
Christopher H. Young, Chief Financial Officer, earned $4.6M in 2018, a 487% increase compared to previous year.
Daniel M. Avitabile, AVP and MBIA Insurance's President and Chief Risk Officer, received $4.6M in 2018, which increases by 476% compared to 2017.
Related executives
William Fallon
MBIA
Chief Executive Officer
Anthony McKiernan
MBIA
Chief Financial Officer
Adam Bergonzi
MBIA
AVP and National's Chief Risk Officer
Jonathan Harris
MBIA
General Counsel
Christopher Young
MBIA
Chief Financial Officer
Daniel Avitabile
MBIA
AVP and MBIA Insurance's President and Chief Risk Officer
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Source: SEC filing on March 20, 2019.