Sundar PichaiSundar Pichai earned $164M in 2023

Chad Borton was the Executive Vice President and Group Business Unit Leader at SoFi Technologies, Inc., where he also served as President of SoFi Bank. He played a key role in guiding the company through significant growth phases and taking...

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Chad Borton

Ex-CEO of SoFi Technologies, Inc.

Field of Expertise

Finance & Banking - Banking

Sector of Economy

Financial Services

CEO of SoFi Technologies, Inc. for

2 years 10 months (Jun 2021 - Apr 2024)

Previous Experience

Executive Vice President and Group Business Unit Leader, Lending & President of SoFi Bank, N.A.

Holdings

See how much did Chad Borton make over time.

Chad Borton had a remarkable journey with his holdings in SoFi Technologies. His stock values saw significant fluctuations, with peaks and troughs. Notably, in November 2022, his holdings reached an impressive value of approximately $12.77 million. This peak was indicative...

Total Stock Sold

$2.52M

FITB

$496.12K

20,898 FITB shares

SOFI

$2.02M

242,499 SOFI shares

What if they kept their stock?

If Chad Borton didn't sell their stock, today they would have:
Extra FITB20,898 shares worth $340.43K and SOFI242,499 shares worth $5.49M.
This is 131.82% and $3.32M more than what they got when they sold the stock.

Charitable Transactions

FITB

150 shares

FITB

Recent Charitable Transactions

FITB

150 shares

FITB

Mar 10, 2016

Charity

Insider Trading

See recent insider trades of Chad Borton.

EFX

17,021 shares

EFX

May 6, 2024

Received

SOFI

$1.22M

SOFI at $7.99/share

Nov 2, 2023

Sale

SOFI

$784.99K

SOFI at $8.68/share

Jun 14, 2023

Sale

FITB

19,608 shares

FITB

Feb 3, 2017

Received

FITB

$496.35K

FITB at $23.75/share

Nov 10, 2016

Sale

FITB

150 shares

FITB

Mar 10, 2016

Charity

FITB

26,900 shares

FITB

Feb 12, 2016

Received

FITB

27,518 shares

FITB

Jan 11, 2016

Received

FITB

26,357 shares

FITB

Oct 1, 2015

Received

FITB

12,780 shares

FITB

Feb 11, 2015

Received

Compensation History

See how much did Chad Borton make over time.

In 2023, Chad Borton's total compensation at SoFi Technologies amounted to $1,826,546. His salary was set at $500,000, with a performance bonus of $600,000, which he achieved by exceeding company goals. He also had vested stock worth about $3.8 million from previous years. Importantly, Borton received a significant stock grant of nearly 490,076 restricted stock units (RSUs) in 2023, emphasizing a focus on long-term value. His approach to compensation was aligned with the company's philosophy, which prioritized performance-based rewards to motivate top executives. Interestingly, Borton’s bonus payout reflected a 120% achievement of his target, indicating a strong emphasis on performance metrics, such as net revenue and personal contributions to SoFi's success.

Year

2023

Total Compensation

$4.93M

Salary

$500.00K

Board Justification

The compensation philosophy of SoFi Technologies, Inc. is designed to attract, motivate, and retain talented executives while aligning their interests with those of stockholders through a significant portion of variable, performance-based compensation.

Bonus

$600.00K

Board Justification

Based on the Annual Cash Bonus Plan, Chad Borton earned an annual cash bonus payment of $600,000, which reflects a 120% payout of his target bonus opportunity for 2023.

Other

$0.00

Board Justification

No other compensation was reported for Chad Borton in 2023.

Restricted Stock

$3.83M(487.15K RSU)

Board Justification

Chad Borton had 487,147 shares of RSUs that vested in 2023, which were granted in prior years and vested quarterly.

Performance Metrics

The performance metrics for the Annual Cash Bonus Plan included adjusted net revenue and adjusted EBITDA, as well as individual performance goals.