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Stewart Zimmerman was the CEO of MFA Financial, a real estate investment trust, from 1997 until his retirement on December 31, 2013. During his tenure, he led the company through significant changes and played a key role in its investment...

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Stewart Zimmerman

Ex-CEO of MFA Financial

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1944 - 81 years ago

CEO of MFA Financial for

16 years 11 months (Jan 1997 - Dec 2013)

Previous Experience

Chairman of the Board since 2003

Holdings

See how much did Stewart Zimmerman make over time.

Stewart Zimmerman's trading history reflects his long-term commitment to MFA Financial, particularly through stock options and restricted shares. At his peak, his holdings had significant value tied to MFA’s stock performance, indicating he had a vested interest in the company's...

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Insider Trading

See recent insider trades of Stewart Zimmerman.

MFA

12,331 shares

MFA

Jan 4, 2013

Received

MFA

92,025 shares

MFA

Dec 14, 2012

Received

MFA

14,815 shares

MFA

Jan 3, 2012

Received

MFA

14,881 shares

MFA

Jan 3, 2012

Received

MFA

14,881 shares

MFA

Jan 3, 2012

Received

MFA

79,585 shares

MFA

Dec 15, 2011

Received

MFA

$5.68K

MFA at $7.10/share

Aug 8, 2011

Purchase

MFA

$8.58K

MFA at $7.15/share

Aug 8, 2011

Purchase

MFA

12,255 shares

MFA

Jan 3, 2011

Received

Compensation History

See how much did Stewart Zimmerman make over time.

From 2004 to 2013, Stewart Zimmerman's total compensation varied greatly, reflecting both his leadership role and the company's performance. In his final year as CEO, he earned around $2.5 million, which included a base salary of $900,000 and a bonus of $1.2 million based on the company’s achievement of specific performance targets. His compensation was heavily based on a performance-linked bonus structure, aligning his interests closely with those of the shareholders. Over his career at MFA, he received significant annual bonuses, with the largest reaching $1.75 million in 2012. This approach to compensation not only incentivized him but also aimed to attract top talent to the company. His compensation philosophy focused on aligning executive pay with the company's success, a practice that is prevalent in today’s corporate culture.

Year

2013

Total Compensation

$2.48M

Salary

$900.00K

Board Justification

The compensation philosophy emphasizes alignment with stockholder interests and performance-based incentives.

Bonus

$1.20M

Board Justification

Annual performance-based bonus based on achievement of specified ROAE targets, paid entirely in cash due to retirement.

Other

$272.70K

Board Justification

Includes employer matching contributions under the 401(k) Plan and dividend equivalents paid on vested stock options.

Restricted Stock

$103.33K(12.33K Restricted Shares)

Board Justification

Restricted Shares granted as part of annual base salary, fully vested at grant.

Performance Metrics

Performance metrics include return on average equity (ROAE) targets.

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