SLM CEO Raymond Quinlan's 2018 pay rises 8% to $6.2M
SLM reports 2018 executive compensation
By ExecPay News
Published: April 26, 2019
SLM reported fiscal year 2018 executive compensation information on April 26, 2019.
In 2018, six SLM executives received on average a compensation package of $2.5M, a 3% increase compared to previous year.
Average pay of disclosed executives at SLM
Raymond J. Quinlan, Chief Executive Officer, received $6.2M in total, which increased by 8% compared to 2017. 63% of Quinlan's compensation, or $3.9M, was in stock awards. Quinlan also received $1.3M in non-equity incentive plan, $817K in salary, as well as $114K in other compensation.
For fiscal year 2018, the median employee pay was $79,408 at SLM. Therefore, the ratio of Raymond J. Quinlan's pay to the median employee pay was 78 to one.
Steven J. McGarry, Chief Financial Officer, received a compensation package of $2.1M, which increased by 15% compared to previous year. 42% of the compensation package, or $890K, was in stock awards.
Charles P. Rocha, Chief Marketing Officer, earned $2.1M in 2018, a 26% increase compared to previous year.
Paul F. Thome, Executive Vice President and Chief Administration Officer, received $1.7M in 2018, which increases by 15% compared to 2017.
Jeffrey F. Dale, Senior Vice President and Chief Risk Officer, earned $1.4M in 2018, a 10% increase compared to previous year.
Nicolas Jafarieh, General Counsel, received $1.4M in 2018.
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Source: SEC filing on April 26, 2019.