New York Community Bancorp CEO Thomas Cangemi's 2021 pay jumps 220% to $8.7M
New York Community Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 22, 2022
New York Community Bancorp reported fiscal year 2021 executive compensation information on April 22, 2022.
In 2021, five executives at New York Community Bancorp received on average a compensation package of $3.9M, a 24% increase compared to previous year.
Average pay of disclosed executives at New York Community Bancorp
Thomas R. Cangemi, Chief Executive Officer, received $8.7M in total, which increased by 220% compared to 2020. 58% of Cangemi's compensation, or $5.1M, was in stock awards. Cangemi also received $2.2M in non-equity incentive plan, $1.2M in salary, as well as $288K in other compensation.
For fiscal year 2021, the median employee pay was $79,980 at New York Community Bancorp. Therefore, the ratio of Thomas R. Cangemi's pay to the median employee pay was 108 to one.
Robert Wann, Chief Operating Officer, received a compensation package of $3.6M, which decreased by 11% compared to previous year. 38% of the compensation package, or $1.4M, was in stock awards.
John J. Pinto, Chief Financial Officer, earned $3.3M in 2021, a 81% increase compared to previous year.
R. Patrick Quinn, Senior EVP, GC and CS, received $1.8M in 2021.
John T. Adams, Chief Legal Officer, earned $1.8M in 2021, which is about the same as previous year.
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Source: SEC filing on April 22, 2022.