SLM CEO Jonathan Witter's 2021 pay falls 37% to $7M

SLM reports 2021 executive compensation

By ExecPay News

Published: April 28, 2022

SLM reported fiscal year 2021 executive compensation information on April 28, 2022.

In 2021, five SLM executives received on average a compensation package of $3.1M, a 36% decrease compared to previous year.

Average pay of disclosed executives at SLM

Jonathan W. Witter, Chief Executive Officer, received $7M in total, which decreased by 37% compared to 2020. 32% of Witter's compensation, or $2.2M, was in stock awards. Witter also received $1.8M in non-equity incentive plan, $2M in option awards, $950K in salary, as well as $64K in other compensation.

For fiscal year 2021, the median employee pay was $88,566 at SLM. Therefore, the ratio of Jonathan W. Witter's pay to the median employee pay was 80 to one.

Steven J. McGarry, Chief Financial Officer, received a compensation package of $2.4M, which increased by 15% compared to previous year. 38% of the compensation package, or $900K, was in non-equity incentive plan.

Kerri A. Palmer, Executive Vice President and Chief Risk Officer, earned $2.1M in 2021.

Daniel P. Kennedy, Executive Vice President and Chief Operational Officer and President of Sallie Mae Bank, received $1.9M in 2021, which increases by 31% compared to 2020.

Donna F. Vieira, Executive Vice President and Chief Commercial Officer, earned $1.9M in 2021, a 10% increase compared to previous year.

Related executives

Jonathan Witter

SLM

Chief Executive Officer

Steven McGarry

SLM

Chief Financial Officer

Kerri Palmer

SLM

Executive Vice President and Chief Risk Officer

Daniel Kennedy

SLM

Executive Vice President and Chief Operational Officer and President of Sallie Mae Bank

Donna Vieira

SLM

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