MGIC Investment Chairman Patrick Sinks' 2019 pay slips 5% to $7.5M
MGIC Investment reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
MGIC Investment reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, seven executives at MGIC Investment received on average a compensation package of $3.6M, a 6% decrease compared to previous year.
Average pay of disclosed executives at MGIC Investment
Patrick Sinks, Chairman, received $7.5M in total, which decreased by 5% compared to 2018. 45% of Sinks' compensation, or $3.4M, was in stock awards. Sinks also received $910K of change in pension value and nonqualified deferred compensation earnings, $2.3M in non-equity incentive plan, $895K in salary, as well as $25K in other compensation.
Timothy Mattke, Chief Executive Officer, received a compensation package of $4.8M, which increased by 52% compared to previous year. 45% of the compensation package, or $2.1M, was in stock awards.
Salvatore Miosi, Chief Operating Officer, earned $4.1M in 2019, a 48% increase compared to previous year.
James Hughes, Executive Vice President - Sales Bus. Development, received $3.5M in 2019, which increases by 23% compared to 2018.
Paula Maggio, General Counsel, earned $2.3M in 2019.
Stephen Mackey, Former Executive Vice President and Chief Risk Officer, received $1.9M in 2019, which decreases by 35% compared to 2018.
Nathaniel Colson, Chief Financial Officer, earned $828K in 2019.
Related executives
Timothy Mattke
MGIC Investment
Chief Executive Officer
Salvatore Miosi
MGIC Investment
Chief Operating Officer
Nathaniel Colson
MGIC Investment
Chief Financial Officer
James Hughes
MGIC Investment
EVP – Sales Bus. Development
Paula Maggio
MGIC Investment
General Counsel
Patrick Sinks
MGIC Investment
Chairman
Stephen Mackey
MGIC Investment
Former Executive Vice President and Chief Risk Officer
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Source: SEC filing on March 20, 2020.