Fannie Mae’s CEO Timothy Mayopoulos Base Salary Of $750,000 Approved By The FHFA
On June 29, 2015, the Federal Housing Finance Agency (“FHFA”) approved certain changes to the compensation of Timothy J. Mayopoulos, Fannie Mae’s Chief Executive Officer, to address objectives recently outlined by FHFA.
These objectives, which include that compensation for our Chief Executive Officer could not be higher than the 25th percentile of CEO compensation for our comparator group, are described in Fannie Mae’s Form 10-Q for the quarter ended March 31, 2015.
Beginning July 1, 2015, Mr. Mayopoulos’s direct compensation consists of base salary at an annual rate of $750,000, fixed deferred salary at an annual rate of $2,050,000, and at-risk deferred salary with an annual target amount of $1,200,000. At-risk deferred salary is subject to reduction based on corporate and individual performance.
For 2015, these amounts will be pro-rated. Mr. Mayopoulos’s compensation now has the same structure that applies to Fannie Mae’s other named executives.
Mr. Mayopoulos’s total direct compensation target of $4,000,000 is substantially below the 25th percentile of compensation for chief executive officers in our comparator group.
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Source: http://marketdailynews.com/2015/07/01/fannie-maes-ceo-timothy-mayopoulos-base-salary-of-750000-approved-by-the-fhfa/
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