John (Jack) F. Remondi is the CEO of SLM Corporation, a prominent player in the student loan sector. He stepped into the CEO role on May 29, 2013, after serving as President and Chief Operating Officer. Remondi has a strong...

Number of Employees

1.74K

Year

2020

Total Compensation

$11.11M

Salary

$657.69K

Board Justification

The compensation program is designed to align executive compensation with performance metrics that drive stockholder value, focusing on both short-term and long-term performance.

Bonus

$1.62M

Board Justification

Annual bonus amounts for 2020 were determined based on corporate and individual performance components, with a target bonus as a percentage of base salary set at 150%.

Other

$0.00

Board Justification

Restricted Stock

$8.82M(8.82M RSUs and PSUs)

Board Justification

The stock awards consist of RSUs and PSUs granted in connection with the 2020 LTIP, with the total value calculated based on the grant date fair value.

Performance Metrics

Core Net Operating Income, Private Education Loan Originations, Operating Expenses, Gross Private Education Loan Defaults, Weighted Average Origination FICO Score, Customer Ease.

SEC Filing

From April 22, 2021