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...

Current Market Cap

$541.89M

Number of Employees

79

Total Compensation

2021 - 2023

Trending down by -42.88% last year
Showing total compensation for the last 2021 - 2023

Stock

Down by -74.60% last year

Salary

Up by 6.06% last year

Bonus

Down by -100.00% last year

Other

Up by 85.19% last year

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.

SEC Filing

From April 26, 2024

Jason T. Serrano

CEO of New York Mortgage Trust

N

Education

Bachelor of Science degree from Oswego State University

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1975 - 49 years ago

Is Founder?

No

Current Tenure

3 years 0 months (Nov 2021 - Present)

Previous Experience

Partner at Oak Hill Advisors, L.P., Managing Director at OHA, Principal at The Blackstone Group, Vice President at Fortress Investment Group, rating analyst at Moody's.