UWM Holdings Corp CEO Mat Ishbia's 2021 pay rises 8% to $7.8M
UWM Holdings Corp reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
UWM Holdings Corp reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, five executives at UWM Holdings Corp received on average a compensation package of $4.7M, a 6% decrease compared to previous year.
Average pay of disclosed executives at UWM Holdings Corp
Mat Ishbia, Chief Executive Officer, received $7.8M in total, which increased by 8% compared to 2020. 85% of Ishbia's compensation, or $6.6M, was in non-equity incentive plan. Ishbia also received $600K in salary and $568K in other compensation.
For fiscal year 2021, the median employee pay was $39,998 at UWM Holdings Corp. Therefore, the ratio of Mat Ishbia's pay to the median employee pay was 195 to one.
Melinda Wilner, Chief Operating Officer, received a compensation package of $5.8M, which decreased by 2% compared to previous year. 84% of the compensation package, or $4.9M, was in non-equity incentive plan.
Alex Elezaj, EVP, Chief Strategy Officer, earned $5.4M in 2021, a 12% decrease compared to previous year.
Laura Lawson, EVP, Chief People Officer, received $2.5M in 2021, which decreases by 32% compared to 2020.
Tim Forrester, Chief Financial Officer, earned $1.8M in 2021, a 4% decrease compared to previous year.
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Source: SEC filing on April 29, 2022.