MGIC Investment CEO Timothy Mattke's 2021 pay rises 16% to $6.4M
MGIC Investment reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
MGIC Investment reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, five executives at MGIC Investment received on average a compensation package of $3.5M, a 12% increase compared to previous year.
Average pay of disclosed executives at MGIC Investment
Timothy Mattke, Chief Executive Officer, received $6.4M in total, which increased by 16% compared to 2020. 55% of Mattke's compensation, or $3.5M, was in stock awards. Mattke also received $94K of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $877K in salary, as well as $26K in other compensation.
Salvatore Miosi, Chief Operating Officer, received a compensation package of $4.2M, which increased by 6% compared to previous year. 48% of the compensation package, or $2M, was in stock awards.
James Hughes, EVP – Sales Bus. Development, earned $2.5M in 2021, which is about the same as previous year.
Paula Maggio, General Counsel, received $2.4M in 2021, which increases by 20% compared to 2020.
Nathaniel Colson, Chief Financial Officer, earned $2.1M in 2021, a 21% increase compared to previous year.
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Source: SEC filing on March 25, 2022.