Michael Nierenberg has been the CEO of Rithm Capital Corp. since 2013. He brings a wealth of experience from leading roles in big financial firms like Bank of America and JP Morgan. At Rithm, he focuses on finance strategies that...

Michael Nierenberg has been the CEO of Rithm Capital Corp. since 2013. He brings a wealth of experience from leading roles in big financial firms like Bank of America and JP Morgan. At Rithm, he focuses on finance strategies that align with the company's goals. In 2023, he earned a total compensation of over $20 million, including a large bonus tied to company performance. Intriguingly, Nierenberg's insider trading activities show he consistently holds a significant amount of company stock, peaking at nearly $23.3 million in early 2024. This deep involvement often indicates a strong confidence in his company's future. Nierenberg's journey involves various positions, each building upon his financial expertise and leadership skills, making him a pivotal figure at Rithm. Additionally, he has an employment agreement ensuring his focus on long-term success, underlining his commitment to the company's growth.

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2. Holdings

3. Insider Trading

4. Compensation History

5. Other Great Ajax CEOs

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Michael Nierenberg

CEO of Great Ajax

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

CEO of Great Ajax for

0 years 9 months (Jun 2024 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Michael Nierenberg

Holdings

See how much did Michael Nierenberg make over time.

Michael Nierenberg's investment in Rithm Capital shows significant commitment, with his stock holdings reaching peaks of about $23.3 million in January 2024. Over the past two years, his holdings have shown notable increases, reflecting the fluctuations in Rithm's market performance....

Michael Nierenberg's investment in Rithm Capital shows significant commitment, with his stock holdings reaching peaks of about $23.3 million in January 2024. Over the past two years, his holdings have shown notable increases, reflecting the fluctuations in Rithm's market performance. As of October 2024, Nierenberg's holdings were valued around $26.5 million, showcasing his involvement in both the company's ups and downs. This consistency indicates a strong belief in Rithm's long-term vision and strategy. His stock holdings are not just personal wealth; they mirror his leading role and responsibility in guiding the company forward. The way these values have changed over time shows not just market trends but also Nierenberg’s resilience and confidence in the company's path.

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Insider Trading

See recent insider trades of Michael Nierenberg.

RITM

7,587 shares

RITM

Jul 26, 2024

Received

RITM

7,580 shares

RITM

Apr 26, 2024

Received

RITM

11,341 shares

RITM

Jan 26, 2024

Received

RITM

13,273 shares

RITM

Oct 27, 2023

Received

RITM

11,642 shares

RITM

Jul 28, 2023

Received

RITM

14,079 shares

RITM

Apr 28, 2023

Received

RITM

459,558 shares

RITM

Feb 21, 2023

Received

RITM

578,034 shares

RITM

Dec 8, 2022

Received

Compensation History

See how much did Michael Nierenberg make over time.

In 2023, Michael Nierenberg's total compensation surpassed $20 million, largely driven by a $10 million bonus linked to performance metrics. His base salary remains $1.25 million, consistent across recent years. What stands out is the growth in his bonuses and long-term incentives, emphasizing the company's focus on aligning executive pay with performance. This structure is designed to keep Nierenberg motivated to drive Rithm’s success. His compensation reflects both industry standards and the company's growth aspirations, ensuring he has a vested interest in the firm’s prosperity. The change to his pay package slated for 2024 shows a shift to increase performance-based compensation significantly while lowering guaranteed pay, aligning with a long-term strategy.

Year

2023

Total Compensation

$13.20M

Salary

$1.25M

Board Justification

The compensation program is designed to align management incentives with the long-term interests of stockholders, focusing on attracting and retaining talent, paying for performance, and aligning management interests with those of stockholders.

Bonus

$10.00M

Board Justification

For 2023, Mr. Nierenberg had an annual short-term incentive amount of $5,000,000, of which he was eligible to earn between 0% and 200% based on various financial, strategic and individual performance metrics determined by the Compensation Committee each year.

Other

$160.04K

Board Justification

Other compensation included a payment of $144,509 representing dividends entitled to be paid on Mr. Nierenberg’s restricted stock awards, and a profit-sharing bonus of $15,250.

Restricted Stock

$1.79M(192.68K restricted stock)

Board Justification

The stock awards that vested in 2023 were based on performance-vesting restricted stock units granted on February 21, 2023, which are subject to vesting based on the achievement of specified targets relating to the Company’s annual average EAD ROE over a three-year performance period running from January 1, 2023 through December 31, 2025.

Performance Metrics

The performance metrics for Mr. Nierenberg's compensation included financial, strategic, and individual performance metrics, with specific targets set for Earnings Available for Distribution (EAD) per Diluted Share.

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Lawrence A. Mendelsohn

Ex-CEO of Great Ajax

January 2021 - June 2024