In 2024, Michael Weinbach earned $1.97M in total compensation at Mr. Cooper Group Inc., including $706.73K salary, $350.00K bonus and $896.93K in stock. 1+ years at the helm of Mr. Cooper Group Inc..
Compensation History
Annual executive compensation data for Michael Weinbach, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$1.97M
Salary
$706.73K
Bonus
$350.00K
Other
$13.02K
Salary
$706.73KBoard Justification
Our compensation program is designed to balance three objectives: Motivate and reward management for creating and executing a strategy that drives stockholder return; Attract, retain and motivate our executive level talent; and Manage the cost of the program by aligning compensation with both Company and executive performance.
Bonus
$350.00KBoard Justification
Annual cash incentive program intended to reward strong individual performance and the Company’s overall achievement of financial and strategic goals. For 2024, each of our NEOs was eligible to earn the following percentage of his respective base salary, with defined Threshold and Maximum performance receiving a 50% and 200% multiple of target payout respectively (with intermediate performance linearly interpolated)
Other Compensation
$13.02KBoard Justification
401(k) Plan account
Restricted Stock
Board Justification
Restricted stock units that vest in one-third installments on each of the first three anniversaries of the grant date of the award.
Performance Metrics
Adjusted EBT, Xome Adjusted EBT, Core Finance Functional Expense, Legal Functional Expense, Employee Engagement, Customer Loyalty, Long-Term Strategy, Compliance, Governance
Michael Weinbach
CEO of Mr. Cooper Group Inc.
Education
Bachelor's degree in Finance from the University of Pennsylvania.
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1973 - 52 years ago
CEO of Mr. Cooper Group Inc. for
1 year 10 months (Feb 2024 - Present)
Previous Experience
CEO of Consumer Lending for Wells Fargo, CEO of Chase Home Lending at JPMorgan Chase.
Other Mr. Cooper Group Inc. CEOs
Holdings
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Insider Trading
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No insider trades found for this CEO.
Rivals
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