Sundar PichaiSundar Pichai earned $164M in 2023
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Claudia Merkle

Ex-CEO of NMI Holdings Inc.

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1959 - 66 years ago

Economy Sector

Financial Services

Tenure

3 years 2 months (Jan 2019 - Mar 2022)

Previous Experience

President, COO, EVP and Chief of Insurance Operations at NMI Holdings

Claudia Merkle, born in 1961, has been a significant player in the mortgage insurance industry for over 25 years. She joined NMI Holdings Inc. in 2012 as the Senior Vice President of Underwriting Fulfillment and Risk Operations and quickly climbed...

Year

2020

Total Compensation

$856.16K

Salary

$750.00K

Board Justification

The compensation program is designed to attract, retain, and motivate executives while aligning their interests with those of stockholders through performance-based compensation.

Bonus

$39.00K

Board Justification

Discretionary bonus based on performance metrics for the year 2020, awarded in 2021.

Other

$67.16K

Board Justification

Includes executive cash allowances, matching 401(k) contributions, and other benefits.

Restricted Stock

$0.00(0 RSUs and PRSUs)

Board Justification

No stock vested in 2020; all stock awards are subject to future performance metrics and vesting schedules.

Performance Metrics

Performance metrics included adjusted return on equity, adjusted operating income, new insurance written, and adjusted expense ratio.