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...

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 financial background, having started as Executive Vice President of Finance before climbing the ranks. An interesting fact about Jack is that he once left the company in 2005 to work at PAR Capital Management, but he returned to SLM to further develop its strategies and operations. Under his leadership, the company has adapted to changes in the student loan market, particularly after the government discontinued Federal Family Education Loan Program (FFELP) originations in 2010. Jack’s strategic decisions have focused on maximizing cash flow and growth in consumer lending, especially for private education loans.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other SLM CEOs

S

John (Jack) F. Remondi

Ex-CEO of SLM

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1962 - 63 years ago

CEO of SLM for

6 years 10 months (May 2013 - Apr 2020)

Previous Experience

President and COO of SLM Corporation, Vice Chairman and CFO of SLM Corporation

Rivals

Competitors/colleagues of John (Jack) F. Remondi

W

Timothy S. Crane

CEO of Wintrust Financial

2023 Compensation

Stock

$276.30K

Salary

$1.00M

Bonus

$1.14M

Other

$33.85K

Total Holdings

$8.91M

C

Richard Fairbank

Founder and CEO of Capital One Financial

2023 Compensation

Stock

$2.50M

Salary

$0.00

Bonus

$5.00M

Other

$120.06K

Total Holdings

$654.62M

N

David L. Yowan

CEO of Navient

2023 Compensation

Stock

$1.60M

Salary

$800.00K

Bonus

$729.83K

Other

$6.26K

Total Holdings

$7.69M

F

Vincent J. Delie, Jr.

CEO of F.N.B. Corporation

2023 Compensation

Stock

$11.00M

Salary

$1.19M

Bonus

$0.00

Other

$649.18K

Total Holdings

$24.80M

S

Brian Doubles

CEO of Synchrony Financial

2023 Compensation

Stock

$0.00

Salary

$1.15M

Bonus

$3.87M

Other

$613.41K

Total Holdings

$35.06M

Holdings

See how much did John (Jack) F. Remondi make over time.

Jack Remondi's wealth is closely tied to his role in SLM Corporation. Through the years, his holdings have shown significant fluctuations. In 2020, his total compensation peaked at over $11.5 million, a stark contrast to a much lower income in...

Jack Remondi's wealth is closely tied to his role in SLM Corporation. Through the years, his holdings have shown significant fluctuations. In 2020, his total compensation peaked at over $11.5 million, a stark contrast to a much lower income in 2014. His substantial holdings consist primarily of restricted stock units gained from his company's performance metrics. These equity awards reflect his alignment with shareholder interests, as he has ownership from both salary and bonuses, emphasizing long-term growth. During challenging periods, such as the transition away from FFELP, Jack's wealth has fluctuated, but his commitment to the company's recovery and growth has remained evident.

Charitable Transactions

NAVI

145,000 shares

NAVI

SLM

107,723 shares

SLM

Recent Charitable Transactions

NAVI

60,000 shares

NAVI

Dec 21, 2022

Charity

NAVI

85,000 shares

NAVI

Dec 28, 2016

Charity

SLM

38,500 shares

SLM

Dec 20, 2013

Charity

Insider Trading

See recent insider trades of John (Jack) F. Remondi.

CUBE

2,832 shares

CUBE

May 21, 2024

Received

CUBE

2,601 shares

CUBE

May 16, 2023

Received

NAVI

269,642 shares

NAVI

Feb 4, 2023

Received

NAVI

60,000 shares

NAVI

Dec 21, 2022

Charity

CUBE

2,032 shares

CUBE

May 17, 2022

Received

NAVI

327,159 shares

NAVI

Feb 4, 2022

Received

CUBE

2,452 shares

CUBE

May 11, 2021

Received

NAVI

415,979 shares

NAVI

Feb 4, 2021

Received

NAVI

$390.93K

NAVI at $7.82/share

Jul 31, 2020

Purchase

CUBE

3,899 shares

CUBE

May 12, 2020

Received

Compensation History

See how much did John (Jack) F. Remondi make over time.

Jack Remondi's compensation package has varied significantly throughout his tenure at SLM Corporation. In 2020, he earned a total compensation of over $11.5 million, including a base salary of $657,692 and an annual bonus of $1.6 million. His compensation is structured to incentivize performance, heavily weighted in stock awards, which has kept his interests aligned with those of shareholders. Over the years, his compensation has also been affected by the performance metrics established by the company, focusing on net income and loan originations. The previous year, 2019, saw his total compensation drop to $2 million, highlighting the variability in a performance-based pay structure.

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.

Other SLM CEOs

Here are other CEOs of SLM

Albert L. Lord

Ex-CEO of SLM

December 2007 - May 2013

Jonathan W. Witter

Ex-CEO of SLM

April 2020 - January 2023