How Kaufman was paid
$11.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Ivan KaufmanChief Executive Officer and President | $1,200,000 | $5,320,407 | $5,259,152 | $6,000 | $11,785,559 |
| Paul ElenioChief Financial Officer | $750,000 | $2,100,000 | $494,193 | $6,000 | $3,350,193 |
| Steven KatzExecutive Vice President and Chief Investment Officer — Residential Financing | $1,966,537 | $1,458,463 | $568,324 | $6,000 | $3,999,324 |
| Danny van der ReisExecutive Vice President — Servicing and Asset Management | $800,000 | $1,200,000 | $543,619 | $6,000 | $2,549,619 |
| David FriedmanExecutive Vice President — Chief Credit Officer and Head of Non-Agency Production & Syndications | $500,000 | $1,400,000 | — | $6,000 | $1,906,000 |
What changed and why
- $12.1MCEO total compensation decreased from $12,057,878 in 2024 to $11,785,559 in 2025.
- $5.3MCash bonus for the CEO was $5,320,407, which included a performance-based component.
- $5.3MStock awards for the CEO were valued at $5,259,152 based on grant date fair value.
- The CEO-to-median employee pay ratio was 107 to 1 for the year.
- $110KMedian employee total compensation was determined to be $109,961 for fiscal 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.