Rajinder P. Singh has been leading BankUnited, Inc. as its CEO since January 2017. He has a solid educational background with an MBA from Carnegie Mellon University and a B.S. in Chemical Engineering from the Indian Institute of Technology. His experience in finance is key to his role, helping to shape the direction of the company. Under his leadership, the company aims for growth, focusing on performance metrics that matter to investors, like earnings per share and efficiency ratios. Interestingly, Singh's compensation varies; in 2022, he earned around $5.67 million, but in 2020, his total pay peaked at about $4.68 million due to a substantial bonus reflecting strong performance. His employment agreement has been updated multiple times, showing confidence from the board, notably extending its term up to 2026. The company's commitment to aligning executive pay with company performance reflects in his bonus structure and performance stock units. Singh also maintains a significant stock ownership requirement, indicating he has a vested interest in the company's success. Overall, Singh's leadership and compensation structure hint at a CEO focused not just on retaining talent but also on fostering long-term value for shareholders and aligning interests with the company's performance.

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Rajinder P. Singh

Founder and CEO of BankUnited

Education

M.B.A. from Carnegie Mellon University; B.S. in Chemical Engineering from Indian Institute of Technology

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1971 - 54 years ago

CEO of BankUnited for

8 years 3 months (Jan 2017 - Present)

Previous Experience

Chief Operating Officer of BankUnited, Inc.

Rivals

Competitors/colleagues of Rajinder P. Singh

Chang M. Liu

CEO of Cathay General Bancorp

2023 Compensation

Stock

$5.13M

Salary

$920.00K

Bonus

$784.60K

Other

$16.50K

Total Holdings

$137.68K

George A. Makris, Jr.

CEO of Simmons First National

2022 Compensation

Stock

$2.30M

Salary

$887.62K

Bonus

$40.21K

Other

$146.36K

Total Holdings

$26.21M

Joseph S. Exnicios

CEO of Hancock Whitney Corporation

2023 Compensation

Stock

$265.86K

Salary

$553.84K

Bonus

$383.43K

Other

$67.08K

Total Holdings

$2.37M

H. Palmer Proctor, Jr.

CEO of Ameris Bancorp

2023 Compensation

Stock

$1.90M

Salary

$925.00K

Bonus

$1.44M

Other

$98.20K

Total Holdings

$28.94M

John M. Hairston

CEO of Hancock Whitney Corporation

2023 Compensation

Stock

$0.00

Salary

$1.17M

Bonus

$1.29M

Other

$529.57K

Total Holdings

$13.85M

Holdings

See how much did Rajinder P. Singh make over time.

Rajinder P. Singh holds a significant position in BankUnited, reflecting his commitment to the company as he must maintain stock valued at six times his base salary. As of recent disclosures, he owns substantial stock options and units that have so far vested over the years. In 2019, he saw 37,448 shares vesting from stock options, contributing to his overall wealth, which is closely tied to the company's success. Despite some fluctuations in his net worth, Singh’s holdings largely reflect a long-term strategy; his wealth has consistently been in the millions, emphasizing his role as a key player in the bank’s financial landscape. The most recent data highlights that Singh had a peak holding value estimated around $6 million. He seems to leverage his stock options extensively to align his financial success with the company's growth, which is a common approach among CEOs focusing on stakeholder interests.

Total Stock Sold

$58.74M

BKU

$58.74M

1,978,860 BKU shares

What if they kept their stock?

If Rajinder P. Singh didn't sell their stock, today they would have:
Extra BKU1,978,860 shares worth $38.41M.
This is -34.61% and $20.33M less than what they got when they sold the stock.

Charitable Transactions

BKU

362,928 shares

BKU

Recent Charitable Transactions

BKU

136,928 shares

BKU

Dec 31, 2021

Charity

BKU

5,000 shares

BKU

Dec 31, 2018

Charity

BKU

4,000 shares

BKU

Dec 31, 2014

Charity

BKU

217,000 shares

BKU

Dec 31, 2012

Charity

Insider Trading

See recent insider trades of Rajinder P. Singh.

BKU

136,928 shares

BKU

Dec 31, 2021

Charity

BKU

$431.50K

BKU at $29.87/share

Dec 2, 2020

Sale

BKU

$4.14M

BKU at $30.74/share

Nov 23, 2020

Sale

BKU

$7.61M

BKU at $29.82/share

Nov 16, 2020

Sale

BKU

$4.06M

BKU at $29.04/share

Nov 9, 2020

Sale

BKU

$4.57M

BKU at $36.35/share

Dec 12, 2019

Sale

BKU

5,000 shares

BKU

Dec 31, 2018

Charity

BKU

$3.24M

BKU at $43.29/share

May 21, 2018

Sale

BKU

$5.13M

BKU at $41.91/share

May 16, 2018

Sale

BKU

$3.78M

BKU at $37.76/share

Dec 4, 2015

Sale

Compensation History

See how much did Rajinder P. Singh make over time.

In 2022, Rajinder P. Singh's total compensation was reported at approximately $5.67 million, which includes a base salary of $1.04 million but no bonuses that year. However, back in 2020, he earned a much higher total of around $4.68 million due to a significant bonus reflecting the company's performance. His compensation package also features restricted stock units (RSUs) and performance stock units (PSUs), demonstrating a pay-for-performance structure. Singh's agreement emphasizes aligning executive incentives with company performance, using metrics such as earnings per share growth and operational efficiency. The company incentivizes him to perform, with a performance-driven model designed to create future value for shareholders. This evolving compensation model and his focus on stock performance indicate his commitment to the company’s vision and financial health.

Year

2022

Total Compensation

$1.25M

Salary

$1.04M

Board Justification

The compensation program is centered on a pay-for-performance philosophy, aligning executive compensation with shareholder value and discouraging inappropriate risk-taking.

Bonus

$0.00

Board Justification

No bonus was awarded in 2022.

Other

$211.67K

Board Justification

Includes contributions to 401(k) and Nonqualified Deferred Compensation Plan, personal use of company automobile, driver, aircraft, and life insurance costs.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2022 as all stock awards were granted in previous years.

Performance Metrics

Performance metrics include relative growth in earnings per share, non-performing assets ratio, and efficiency ratio.

Other BankUnited CEOs

Here are other CEOs of BankUnited

John A. Kanas

Founder and Ex-CEO of BankUnited

May 2009 - December 2016