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William S. Gorin was the CEO of MFA Financial from January 2014 until his untimely passing in August 2017. He had a strong background in finance with years of experience in investment banking and management. Gorin stepped up from first...

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William S. Gorin

Ex-CEO of MFA Financial

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1958 - 67 years ago

CEO of MFA Financial for

3 years 7 months (Jan 2014 - Aug 2017)

Previous Experience

Executive Vice President and CFO

Holdings

See how much did William S. Gorin make over time.

William S. Gorin held substantial shares of MFA Financial during his tenure. At one point, his holdings included 247,500 TRSUs, which became valuable after his passing. This amount reflected his commitment to the company and showed that a significant part...

Mar 18, 2025

Insider Trading

See recent insider trades of William S. Gorin.

MFA

179,418 shares

MFA

Dec 14, 2016

Received

MFA

178,309 shares

MFA

Dec 9, 2015

Received

MFA

$33.60K

MFA at $6.72/share

Nov 9, 2015

Purchase

MFA

$34.05K

MFA at $6.81/share

Aug 24, 2015

Purchase

MFA

153,101 shares

MFA

Dec 9, 2014

Received

MFA

52,669 shares

MFA

Dec 12, 2013

Received

MFA

$14.30K

MFA at $7.15/share

Nov 20, 2013

Purchase

MFA

$17.14K

MFA at $8.57/share

May 29, 2013

Purchase

MFA

58,896 shares

MFA

Dec 14, 2012

Received

MFA

$15.92K

MFA at $7.96/share

Nov 8, 2012

Purchase

Compensation History

See how much did William S. Gorin make over time.

In 2017, Gorin's total compensation was around $4.67 million, which included a salary of $500,000 and a large amount from vested stock after his death. The unique aspect of his compensation plan was the absence of a cash bonus for that year due to unforeseen circumstances. Prior years showed a different story, where his bonuses were heavily driven by the company’s performance metrics, particularly the return on equity. His previous years' earnings included bonuses exceeding $3 million as he hit targets important for MFA's financial health. The structure of his compensation highlighted a philosophy of motivating leaders through performance, guaranteeing that the interests of executives align with those of stockholders. As a CEO, Gorin exemplified this approach and significantly contributed to shaping MFA’s financial strategies until his last day.

Year

2017

Total Compensation

$4.67M

Salary

$500.00K

Board Justification

The compensation philosophy aims to attract, motivate, and retain top-quality executives, aligning their interests with those of stockholders through performance-based compensation.

Bonus

$0.00

Board Justification

No bonus compensation was paid to Mr. Gorin for the 2017 Performance Period due to his passing on August 10, 2017.

Other

$0.00

Board Justification

Restricted Stock

$4.17M(247.5K TRSU)

Board Justification

Upon his death, an aggregate of 247,500 TRSUs immediately vested and were settled in the form of shares of Common Stock issued to his estate.

Performance Metrics

Compensation was based on the company's financial performance, specifically the return on average total common stockholders' equity.