Banking
Flagstar Bank, National Association Executive Compensation (FY25)
FLG · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Joseph Otting | Latest say-on-pay support = June 9, 2026 | Chief executive pay ratio ◇ To the median employee |
Velarion Member: every covered company in Banking, with dashboards, peer screens and board-ready briefs. Three seats, one year.
The paid brief on Flagstar Bank, National Association
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Data as of October 22, 2026Latest filing (8-K): June 11, 2026
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Velarion Member, one year
220 figures on this page: 212 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
More on Flagstar Bank, National Association
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Joseph Otting: $34,817,072 → $7,655,500 (78.0% lower)
CEO pay ratio: 464:1 → 87:1 (81.3% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Flagstar Bank, National Association's chief executive and what were they paid?
Joseph Otting was paid $7,655,500 in total compensation as Executive Chairman, President and Chief Executive Officer for fiscal 2025. Compared with the $34,817,072 reported for fiscal 2024, Otting's total was 78.0% lower.
What was Flagstar Bank, National Association's say-on-pay result?
Shareholders supported the say-on-pay proposal with 80.8% of votes cast including abstentions in favor at the meeting held June 9, 2026 for fiscal 2025.
Which companies are in Flagstar Bank, National Association's peer group?
The disclosed peer group names Citizens Financial Group, Inc., Comerica Inc., Fifth Third Bancorp, First Citizens BancShares, Inc. and First Horizon Corporation, among others.
What is Flagstar Bank, National Association's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 87:1, against median employee compensation of $87,757.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Robert Wann Former Senior EVP and COO Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Thomas Cangemi President and CEO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lee Smith Senior EVP and President of Mortgage | ◇ | — | ◇ | — | — | — | — | ◇ |
John Pinto Senior EVP and CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Reginald Davis Senior EVP and President of Banking | ◇ | — | ◇ | — | — | — | — | ◇ |
John Adams Senior EVP and Director, Indirect Multi-Family Lending | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Thomas Cangemi Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | — not reconciled |
Lee Smith Senior Executive Vice President and President of Mortgage | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
John Pinto Former Senior Executive Vice President and Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Reginald Davis Senior Executive Vice President and President of Banking | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
John Adams Former Senior Executive Vice President and President of Commercial Real Estate Finance Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Otting Executive Chairman, President and CEO | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Alessandro DiNello Former Executive Chairman, President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
Lee Smith Senior EVP/ Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Richard Raffetto Senior EVP/President of Commercial and Private Banking | ◇ | ◇ | — | ◇ | ◇ | — | ◇ | ◇ |
Reginald Davis Senior EVP/President Consumer and Small Business Lending | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
Bao Nguyen Senior EVP/General Counsel and Chief of Staff | ◇ | ◇ | — | ◇ | ◇ | — | ◇ | ◇ |
Craig Gifford Former Chief Financial Officer Departed during or after this year | ◇ | — | — | ◇ | ◇ | — | ◇ | ◇ |
John Pinto Former Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Thomas Cangemi Former Chief Executive Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Otting Executive Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Bao Nguyen Senior Executive Vice President and General Counsel/Chief of Staff | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Kris Gagnon Senior Executive Vice President and Chief Credit Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
George Buchanan Executive Vice President and Chief Risk Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lee Smith Senior Executive Vice President and Chief Financial Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Bao Nguyen | RSU | — | — | — | ◇ | — | — | ◇ |
| Bao Nguyen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Gagnon | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Joseph Otting | RSU | — | — | — | ◇ | — | — | ◇ |
| Kris Gagnon | RSU | — | — | — | ◇ | — | — | ◇ |
| Otting | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Mr. Otting | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| Mr. Nguyen | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| Mr. Smith | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Mr. Gagnon | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Mr. Buchanan | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Allen C. Puwalski | ◇ | ◇ | — | — | — | ◇ | ◇ |
Steven T. Mnuchin Lead independent director | ◇ | ◇ | — | — | — | ◇ | ◇ |
Alan Frank | ◇ | ◇ | — | — | — | ◇ | ◇ |
Marshall Lux | ◇ | ◇ | — | — | — | ◇ | ◇ |
Jennifer R. Whip | ◇ | ◇ | — | — | — | ◇ | ◇ |
Milton Berlinski | ◇ | ◇ | — | — | — | ◇ | ◇ |
Alessandro P. DiNello | ◇ | ◇ | — | — | — | ◇ | ◇ |
Brian Callanan | ◇ | ◇ | — | — | — | — | ◇ |
Joseph M. Otting and Eli H. Miller served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Board chair premium | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Citizens Financial Group, Inc. CFG
- Comerica Inc. CMA
- Fifth Third Bancorp FITB
- First Citizens BancShares, Inc. FCNCA
- First Horizon Corporation FHN
- Huntington Bancshares Incorporated HBAN
- KeyCorp KEY
- M&T Bank Corporation MTB
- Regions Financial Corporation RF
- Synovus Financial Corp. SNV
- Valley National Bancorp VLY
- Webster Financial Corporation WBS
- Western Alliance Bancorporation WAL
- Zions Bancorporation ZION
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 9, 2026 | = | ◇ | ◇ | ◇ |
| 2023 | June 5, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 1, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 1, 2022 | = | ◇ | ◇ | ◇ |
| 2019 | June 3, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 4, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 5, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 6, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Velarion Pro: every company page, peer tools and exports, one seat
One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Joseph Otting (Executive Chairman, President and Chief Executive Officer), FY2025 total compensation $7,655,500 (base salary $1,250,000) [exec_comp, SEC accession 0000910073-26-000039, filed 2026-04-30]What this page does not include
Everything above is a fact Flagstar Bank, National Association disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Flagstar Bank, National Association sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
220 figures on this page: 212 cited to the filing that reported them, 8 calculated from figures it prints.
212 cited to the filing
8 calculated from the filing
Documents cited
- 0000910073-26-000062Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000910073-26-000039CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · III. EXECUTIVE COMPENSATION TABLES · and 1 more section
- 0001140361-25-015714III. EXECUTIVE COMPENSATION TABLES
- 0001193125-24-157842
- 0001193125-24-118316III. EXECUTIVE COMPENSATION TABLES
- 0001193125-23-160576Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-23-110336III. Executive Compensation Tables
- 0001193125-22-166844Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-162328Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001144204-19-029887Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-18-184674
- 0001157523-17-001757Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Flagstar Bank, National Association executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FLG (accessed 2026).
Short form: data: Velarion
The paid brief for Flagstar Bank, National Association
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Flagstar Bank, National Association and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Peers Flagstar Bank, National Association discloses
The companies named in FLG's own disclosed peer group.
Citizens Financial Group, Inc.Comerica Inc.Fifth Third BancorpFirst Citizens BancShares, Inc.First Horizon CorporationHuntington Bancshares IncorporatedKeyCorpM&T Bank CorporationRegions Financial CorporationSynovus Financial Corp.Valley National BancorpWebster Financial CorporationWestern Alliance BancorporationZions Bancorporation
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}