Thomas E. Capasse is the CEO and Chairman of Ready Capital, a key player in the financial sector, focusing on commercial real estate. He took on this role in November 2022, bringing extensive experience from his previous stints at major...

Thomas E. Capasse is the CEO and Chairman of Ready Capital, a key player in the financial sector, focusing on commercial real estate. He took on this role in November 2022, bringing extensive experience from his previous stints at major financial institutions like Merrill Lynch and Nomura Securities. He co-founded Waterfall Asset Management, the external manager of Ready Capital, which indicates his deep involvement in investment strategies. Capasse has a strong background in securitization and was part of Merrill Lynch's team that pioneered mortgage-backed securities. Interestingly, he doesn't derive his salary from Ready Capital directly; instead, his compensation comes from the management company. He has been shaping the company's direction in a challenging market environment. His career reflects a unique blend of expertise in finance and investment management. Capasse holds a degree in Economics from Bowdoin College, which laid the groundwork for his successful career in finance.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ready Capital CEOs

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Thomas E. Capasse

Founder and CEO of Ready Capital

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

CEO of Ready Capital for

2 years 4 months (Nov 2022 - Present)

Previous Experience

Co-founder and manager of Waterfall Asset Management, LLC.

Rivals

Competitors/colleagues of Thomas E. Capasse

B

Katharine A. Keenan

CEO of Blackstone Mortgage Trust

2023 Compensation

Stock

$1.17M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$5.18M

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

S

Andrew J. Sossen

CEO of Starwood Property Trust

2023 Compensation

Stock

$608.18K

Salary

$425.00K

Bonus

$0.00

Other

$0.00

Total Holdings

$3.65M

A

Anastasia Mironova

CEO of Apollo Commercial Real Estate Finance

2023 Compensation

Stock

$149.99K

Salary

$329.84K

Bonus

$470.01K

Other

$50.42K

Total Holdings

$289.41K

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

Holdings

See how much did Thomas E. Capasse make over time.

As CEO of Ready Capital, Thomas Capasse has made significant investments since taking the role in November 2022. His decision-making reflects a strategic vision for growing the company, particularly focusing on commercial real estate assets. This move came during a...

As CEO of Ready Capital, Thomas Capasse has made significant investments since taking the role in November 2022. His decision-making reflects a strategic vision for growing the company, particularly focusing on commercial real estate assets. This move came during a challenging market, emphasizing his commitment. Even though there are no direct reports of his holdings or vested stock in Ready Capital, the external management model implies he plays a role in guiding investment strategies as a co-founder of Waterfall Asset Management, LLC. His deep knowledge in securitization and mortgage-backed securities is expected to impact the company's future financial approaches significantly. His career history shows that he successfully navigated complex financial landscapes, which have served as a testament to his financial acumen over the years. Capasse's financial decisions will likely play a critical role in shaping the direction of Ready Capital going forward.

Mar 17, 2025

R

shares

RC @ $4.99

Total Stock Sold

$573.73K

RC

$573.73K

53,246 RC shares

What if they kept their stock?

If Thomas E. Capasse didn't sell their stock, today they would have:
Extra RC53,246 shares worth $255.58K.
This is -55.45% and $318.14K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas E. Capasse.

RC

$489.40K

RC at $4.89/share

Mar 5, 2025

Purchase

RC

$284.87K

RC at $10.70/share

Aug 14, 2023

Sale

RC

26,623 shares

RC

Aug 14, 2023

Inheritance

RC

26,623 shares

RC

Aug 14, 2023

Inheritance

RC

24,345 shares

RC

Nov 8, 2021

Received

RC

59,936 shares

RC

Aug 6, 2020

Received

RC

1,193 shares

RC

Apr 9, 2020

Received

RC

$366.29K

RC at $10.17/share

Mar 13, 2020

Purchase

RC

4,290 shares

RC

Mar 13, 2019

Received

Compensation History

See how much did Thomas E. Capasse make over time.

In 2023, Thomas Capasse did not report any direct compensation as CEO of Ready Capital. This situation might seem unusual, but he receives no cash salary or bonuses from the company. His financial well-being is linked more to Waterfall Asset Management, the firm he co-founded, which manages Ready Capital. This unique compensation structure aligns his interests with the performance of the management team rather than specific company earnings. It's a model that reflects his commitment to the firm's longer-term goals rather than immediate financial gain. Without the expected salary or bonuses, Capasse's stake in turning Ready Capital into a significant player in commercial real estate appears to be driven by his strategic vision and financial expertise, rather than traditional compensation metrics. This choice may indicate a focus on building wealth through company performance rather than personal paychecks.

Year

2023

Total Compensation

$0.00

Salary

$0.00

Board Justification

The Company does not pay or reimburse for Mr. Capasse's compensation, which is determined by the Manager.

Bonus

$0.00

Board Justification

Mr. Capasse does not receive cash compensation from the Company for serving as CEO; his compensation is derived from the Manager.

Other

$0.00

Board Justification

Mr. Capasse does not receive any other compensation from the Company.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants or options are reported as vested for Mr. Capasse in 2023.

Performance Metrics

Mr. Capasse's compensation is not tied to specific performance metrics as he is compensated by the Manager.