In 2014, J. Michael Lauer earned $252.56K in total compensation at MGIC Investment Corp., primarily from $88.21K salary. Most recently acquired 50,000 shares in Mar 2013. Currently holds stock worth $24.18M. Led MGIC Investment Corp. as CEO for 25 years.
Compensation History
Annual executive compensation data for J. Michael Lauer, including salary, bonuses, and stock awards.
Year
2014
Total Compensation
$252.56K
Salary
$88.21K
Bonus
$0.00
Other
$164.35K
Salary
$88.21KBoard Justification
The compensation philosophy aims to attract and retain high-quality executives while aligning their compensation with long-term shareholder interests, emphasizing performance-based pay.
Bonus
$0.00Board Justification
No bonus was awarded for 2014 as Mr. Lauer was not eligible for the annual bonus program due to his retirement.
Other Compensation
$164.35KBoard Justification
Includes $150,000 of payments under a Consulting Agreement, a matching 401(k) contribution of $1,600, and discretionary retirement plan contributions of $12,750.
Restricted Stock
Board Justification
No stock awards vested in 2014 as Mr. Lauer did not receive any stock grants in that year.
Performance Metrics
The performance metrics for 2014 included financial and business performance goals, but Mr. Lauer was not eligible for the annual bonus due to his retirement.
J. Michael Lauer
Ex-CEO of MGIC Investment Corp.
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1950 - 75 years ago
CEO of MGIC Investment Corp. for
25 years 2 months (Jan 1989 - Mar 2014)
Previous Experience
Chief Financial Officer of MGIC since 1989
Other MGIC Investment Corp. CEOs
Holdings
Track J. Michael Lauer's stock holdings and portfolio value over time.
Insider Trading
J. Michael Lauer's recent stock transactions, purchases, and sales filed with the SEC.
$189.50K
MTG at $3.79/share
Mar 7, 2013
Purchase
$257.50K
MTG at $5.15/share
Mar 7, 2013
Purchase
120,000 shares
MTG
Jan 28, 2013
Received
$66.59K
MTG at $0.89/share
Aug 6, 2012
Purchase
116,944 shares
MTG
Jan 30, 2012
Received
$46.80K
MTG at $2.34/share
Aug 26, 2011
Purchase
$45.93K
MTG at $2.30/share
Aug 9, 2011
Purchase
$40.10K
MTG at $4.01/share
Jul 22, 2011
Purchase
$58.10K
MTG at $5.81/share
Jun 10, 2011
Purchase
$154.00K
MTG at $7.70/share
Apr 21, 2011
Purchase
Rivals
Compare J. Michael Lauer with competitor CEOs and industry peers.
Vincent J. Delie, Jr.
CEO of F.N.B. Corporation
2023 Compensation
Stock
$11.00M
Salary
$1.19M
Bonus
$0.00
Other
$649.18K
Total Holdings
$24.28M
Gary C. Bhojwani
CEO of CNO Financial Group
2022 Compensation
Stock
$9.11M
Salary
$1.03M
Bonus
$1.70M
Other
$352.32K
Total Holdings
$26.38M
Michel A. Khalaf
CEO of MetLife
2023 Compensation
Stock
$15.81M
Salary
$1.48M
Bonus
$4.80M
Other
$279.92K
Total Holdings
$104.98M