Medallion Financial COO Andrew Murstein's 2022 pay rises 1% to $4.8M
Medallion Financial reports 2022 executive compensation
By ExecPay News
Published: May 1, 2023
Medallion Financial reported fiscal year 2022 executive compensation information on May 1, 2023.
In 2022, five executives at Medallion Financial received on average a compensation package of $2.2M, a 15% increase compared to previous year.
Average pay of disclosed executives at Medallion Financial
Andrew M. Murstein, Chief Operating Officer, received $4.8M in total, which increased by 1% compared to 2021. 50% of Murstein's compensation, or $2.4M, was in non-equity incentive plan. Murstein also received $1.1M in salary, $1.2M in stock awards, as well as $77K in other compensation.
For fiscal year 2022, the median employee pay was $91,893 at Medallion Financial. Therefore, the ratio of Andrew M. Murstein's pay to the median employee pay was 52 to one.
Alvin Murstein, Chief Executive Officer, received a compensation package of $2.5M, which increased by 38% compared to previous year. 46% of the compensation package, or $1.2M, was in non-equity incentive plan.
Donald S. Poulton, Chief Executive Officer, earned $1.5M in 2022, a 5% increase compared to previous year.
Anthony N. Cutrone, Chief Financial Officer, received $1.4M in 2022.
D. Justin Haley, Chief Financial Officer, earned $732K in 2022.
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Source: SEC filing on May 1, 2023.