MGIC Investment CEO Timothy Mattke's 2020 pay rises 15% to $5.5M
MGIC Investment reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
MGIC Investment reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, five executives at MGIC Investment received on average a compensation package of $3.2M, a 11% decrease compared to previous year.
Average pay of disclosed executives at MGIC Investment
Timothy Mattke, Chief Executive Officer, received $5.5M in total, which increased by 15% compared to 2019. 49% of Mattke's compensation, or $2.7M, was in stock awards. Mattke also received $538K of change in pension value and nonqualified deferred compensation earnings, $1.4M in non-equity incentive plan, $824K in salary, as well as $25K in other compensation.
Salvatore Miosi, Chief Operating Officer, received a compensation package of $4M, which decreased by 2% compared to previous year. 43% of the compensation package, or $1.7M, was in stock awards.
James Hughes, EVP – Sales Bus. Development, earned $2.5M in 2020, a 28% decrease compared to previous year.
Paula Maggio, General Counsel, received $2M in 2020, which decreases by 12% compared to 2019.
Nathaniel Colson, Chief Financial Officer, earned $1.8M in 2020, a 116% increase compared to previous year.
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Source: SEC filing on March 26, 2021.