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Jason T. Serrano is the CEO of New York Mortgage Trust, Inc., a role he stepped into on January 1, 2022, after serving as President since January 2019. He brings a wealth of experience from the finance world, having previously...

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Jason T. Serrano

CEO of New York Mortgage Trust, Inc.

Education

Bachelor of Science degree from Oswego State University.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1975 - 50 years ago

CEO of New York Mortgage Trust, Inc. for

3 years 3 months (Jan 2022 - Present)

Previous Experience

Partner at Oak Hill Advisors, L.P., Managing Director at Oak Hill Advisors, L.P., Principal at The Blackstone Group

Rivals

Competitors/colleagues of Jason T. Serrano

Holdings

See how much did Jason T. Serrano make over time.

As CEO of New York Mortgage Trust, Jason Serrano has experienced some interesting shifts with his holdings. In recent years, his stock wealth has been significant, with one of the highest values being around $1.6 million from vested stock in...

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Insider Trading

See recent insider trades of Jason T. Serrano.

No insider trades found for this CEO.

Compensation History

See how much did Jason T. Serrano make over time.

Jason T. Serrano's compensation as CEO of New York Mortgage Trust illustrates a strategy focused on performance alignment. In 2023, he received a total of $4,641,839, which includes a base salary of $875,000 and vested stock worth $407,500. Notably, there was no cash bonus that year because the performance metrics did not meet the targets set. This contrasts with 2022, when he earned around $4,770,331, boosted by a significant cash bonus of $500,000, emphasizing the variable nature of executive pay based on company performance. Serrano's compensation reflects a philosophy that ties executive earnings directly to the success of the firm, with parts of his pay being performance-based, effectively linking his interests to those of shareholders. Over the years, his compensation has evolved, reflecting both his success in guiding the company and the performance-driven model adopted by New York Mortgage Trust.

Year

2023

Total Compensation

$1.85M

Salary

$875.00K

Board Justification

The compensation philosophy emphasizes performance-based incentives aligned with company performance and market competitiveness, with a focus on retaining key executives.

Bonus

$0.00

Board Justification

No cash bonus was awarded for the 2023 Annual Incentive Plan due to performance metrics not being met.

Other

$565.34K

Board Justification

Includes dividends paid on unvested restricted stock and other compensation such as employer contributions to the 401(k) plan.

Restricted Stock

$407.50K(32.97 Restricted Stock Awards (RSA))

Board Justification

Restricted stock awards granted in 2023 that vested ratably over three years, with one-third vesting on January 27, 2024, one-third on January 27, 2025, and the final one-third on January 27, 2026.

Performance Metrics

The performance metrics for the 2023 Annual Incentive Plan included Adjusted Total Economic Return (TER) with specific hurdles for both absolute and relative performance.

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