Redwood Trust CEO Christopher Abate's 2019 pay jumps 37% to $6.8M
Redwood Trust reports 2019 executive compensation
By ExecPay News
Published: April 27, 2020
Redwood Trust reported fiscal year 2019 executive compensation information on April 27, 2020.
In 2019, five executives at Redwood Trust received on average a compensation package of $3.9M, a 55% increase compared to previous year.
Average pay of disclosed executives at Redwood Trust
Christopher J. Abate, Chief Executive Officer, received $6.8M in total, which increased by 37% compared to 2018. 55% of Abate's compensation, or $3.7M, was in stock awards. Abate also received $2.3M in non-equity incentive plan, $750K in salary, as well as $46K in other compensation.
For fiscal year 2019, the median employee pay was $141,500 at Redwood Trust. Therefore, the ratio of Christopher J. Abate's pay to the median employee pay was 48 to one.
Dashiell I. Robinson, President, received a compensation package of $5.9M, which increased by 64% compared to previous year. 59% of the compensation package, or $3.5M, was in stock awards.
Garnet W. Kanouse, Managing Director - Head of Residential, earned $2.7M in 2019, a 25% increase compared to previous year.
Andrew P. Stone, General Counsel, received $2.2M in 2019, which increases by 18% compared to 2018.
Collin L. Cochrane, Chief Financial Officer, earned $2M in 2019, a 24% increase compared to previous year.
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Source: SEC filing on April 27, 2020.