Steven R. Mumma has been at the helm of New York Mortgage Trust (NYMT) since February 3, 2009. With a B.B.A. in finance from Texas A&M University, he brings substantial experience in managing mortgage investment firms. After serving as CEO,...

Steven R. Mumma has been at the helm of New York Mortgage Trust (NYMT) since February 3, 2009. With a B.B.A. in finance from Texas A&M University, he brings substantial experience in managing mortgage investment firms. After serving as CEO, he transitioned to the Executive Chairman role in 2022 but remains an essential part of the company by heading the Board of Directors. He started his career in finance and has held multiple leadership roles at NYMT, including Chief Operating Officer and Chief Financial Officer. His leadership style focuses on aligning the interests of shareholders and management, which is evident in his compensation philosophy that ties financial performance to executive rewards. Mumma's strategic decisions helped guide NYMT through various economic climates, showcasing his ability to adapt and lead.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other New York Mortgage Trust CEOs

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Steven R. Mumma

Ex-CEO of New York Mortgage Trust

Education

B.B.A. from Texas A&M University.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1958 - 67 years ago

CEO of New York Mortgage Trust for

12 years 9 months (Feb 2009 - Nov 2021)

Previous Experience

Chief Financial Officer from November 2006 to October 2010, President from 2007 to 2016, Chief Operating Officer from November 2003, Chief Investment Officer from July 2005.

Rivals

Competitors/colleagues of Steven R. Mumma

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David A. Spector

CEO of PennyMac Mortgage Investment Trust

2023 Compensation

Stock

$1.14M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$81.85M

C

Phillip J. Kardis II

CEO of Chimera Investment Corp.

2023 Compensation

Stock

$1.68M

Salary

$850.00K

Bonus

$0.00

Other

$19.80K

Total Holdings

$6.46M

R

Michael Nierenberg

CEO of Rithm Capital

2023 Compensation

Stock

$1.79M

Salary

$1.25M

Bonus

$10.00M

Other

$160.04K

Total Holdings

$27.00M

A

David L. Finkelstein

CEO of Annaly Capital Management

2023 Compensation

Stock

$2.59M

Salary

$1.00M

Bonus

$7.33M

Other

$15.20K

Total Holdings

$14.85M

L

Brian Harris

Founder and CEO of Ladder Capital

2023 Compensation

Stock

$5.78M

Salary

$1.00M

Bonus

$8.20M

Other

$2.91K

Total Holdings

$89.79M

Holdings

See how much did Steven R. Mumma make over time.

Steven Mumma has had significant involvement in NYMT's stock, especially during his tenure as CEO. Over the years, his compensation from vested stocks peaked during 2020 with a total of $4.3 million, largely driven by vested stock values as NYMT...

Steven Mumma has had significant involvement in NYMT's stock, especially during his tenure as CEO. Over the years, his compensation from vested stocks peaked during 2020 with a total of $4.3 million, largely driven by vested stock values as NYMT navigated through complex market challenges. His stock holdings have fluctuated; for instance, his holdings in 2021 included around $758,070 in vested stock. In 2022, his compensation was restructured as part of a succession plan, but he continues owning stock in the company as a way of aligning his interests with the shareholders. His financial stake in NYMT reflects a commitment to the firm's long-term success while adapting to necessary leadership changes.

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Insider Trading

See recent insider trades of Steven R. Mumma.

No insider trades found for this CEO.

Compensation History

See how much did Steven R. Mumma make over time.

In 2021, Steven Mumma's total compensation was $184,871, which included a salary of $900,000. His pay structure shows a notable absence of cash bonuses, reflecting the challenges of that year. The bulk of his pay came from vested stock worth around $758,070, earned through prior performance. Despite a high of over $4 million in total compensation in 2020, his current numbers illustrate a shift as he stepped down as CEO and into a different role within the company. His compensation strategy aligns closely with shareholder interests, often tying personal rewards to the company's overall performance, which has been a hallmark of his approach throughout his career.

Year

2021

Total Compensation

$1.80M

Salary

$900.00K

Board Justification

The compensation philosophy focuses on aligning management's interests with stockholder returns, motivating performance through incentives, and retaining qualified executives.

Bonus

$0.00

Board Justification

No cash bonus was awarded in 2021.

Other

$144.87K

Board Justification

Includes dividends on unvested restricted stock, settlement of vested DERs, and supplemental disability insurance premium.

Restricted Stock

$758.07K(211.16K common stock)

Board Justification

Restricted stock awarded under the 2021 Annual Incentive Plan that vested in 2021.

Performance Metrics

Performance metrics included total economic return and individual performance objectives.

Other New York Mortgage Trust CEOs

Here are other CEOs of New York Mortgage Trust

Jason T. Serrano

CEO of New York Mortgage Trust

November 2021 - Present