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Rithm Capital Executive Compensation (FY25)

RITM · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Michael Nierenberg
Latest say-on-pay support
=
May 21, 2026
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Data as of October 22, 2026Latest filing (8-K): May 21, 2026
10 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Rithm Capital brief$1,500Get the executive brief
Velarion Member, one year
148 figures on this page: 144 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
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 — Michael Nierenberg: $21,069,074 → $20,450,903 (2.9% lower)
Say-on-pay support: 79.9% → 83.7% (3.8 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Rithm Capital's chief executive and what were they paid?
Michael Nierenberg was paid $20,450,903 in total compensation as Chairman of the Board of Directors, Chief Executive Officer and President for fiscal 2025. Compared with the $21,069,074 reported for fiscal 2024, Nierenberg's total was 2.9% lower.
What was Rithm Capital's say-on-pay result?
Shareholders supported the say-on-pay proposal with 83.7% of votes cast including abstentions in favor at the meeting held May 21, 2026 for fiscal 2025.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nierenberg
Chairman of the Board Chief Executive Officer and President
◇◇◇———◇◇
Nicola Santoro
Chief Financial Officer Chief Accounting Officer and Treasurer
◇◇————◇◇
Philip Sivin
Former Chief Legal Officer and Secretary
Departed during or after this year
◇◇————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nierenberg
Chairman of the Board Chief Executive Officer and President
◇—◇—◇—◇◇
Nicola Santoro
Chief Financial Officer Chief Accounting Officer and Treasurer
◇◇◇———◇◇
Philip Sivin
Former Chief Legal Officer and Secretary
Departed during or after this year
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nierenberg
Chairman of the Board, Chief Executive Officer and President
◇—◇—◇—◇◇
Nicola Santoro
Chief Financial Officer, Chief Accounting Officer and Treasurer
◇◇◇———◇◇
David Zeiden
Chief Legal Officer
◇◇◇———◇◇
Philip Sivin
Former Chief Legal Officer and Secretary
Departed during or after this year
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Nierenberg
Chairman of the Board of Directors, Chief Executive Officer and President
◇—◇—◇—◇◇
Nicola Santoro
Chief Financial Officer, Chief Accounting Officer and Treasurer
◇◇◇———◇◇
David Zeiden
Chief Legal 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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David ZeidenPSU◇◇◇—◇—◇
David ZeidenRSU◇——◇——◇
Michael NierenbergRSU◇——◇——◇
Michael NierenbergPSU◇◇◇—◇—◇
Nicola Santoro JrRSU◇——◇——◇
Nicola Santoro JrPSU◇◇◇—◇—◇
Fiscal 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Nicola SantoroPSU◇◇——
RSU◇◇——
Michael NierenbergPSU◇◇——
RSU◇◇——
David ZeidenPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
David Zeiden
Chief Legal Officer · Employment agreement
Change-in-control trigger◇
Equity acceleration on change in control◇
Excise tax treatment◇
Non-solicit period◇
Michael Nierenberg
Chairman of the Board of Directors, Chief Executive Officer and President · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Saltzman
◇◇————◇
Peggy Hwan Hebard
◇◇————◇
Kevin J. Finnerty
◇◇————◇
Ranjit M. Kripalani
◇◇————◇
William D. Addas
◇◇————◇
Patrice M. Le Melle
◇◇————◇
Michael Nierenberg 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◇
Total board retainer◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Common Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Michael Nierenberg (Chairman of the Board of Directors, Chief Executive Officer and President), FY2025 total compensation $20,450,903 (base salary $1,000,000) [exec_comp, SEC accession 0001104659-26-041536, filed 2026-04-09]

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What this page does not include

Everything above is a fact Rithm Capital disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
148 figures on this page: 144 cited to the filing that reported them, 4 calculated from figures it prints.
144 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001104659-26-065154
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-041536
    Compensation of Directors · Grants of Plan-Based Awards · Grants of Plan-Based Awards in 2025 · Summary Compensation Table for 2025
  3. 0001140361-25-020185
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-033195
    Summary Compensation Table for 2024
  5. 0001556593-24-000029
    Employment Agreement
  6. 0001140361-24-027318
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001104659-24-046006
    Summary Compensation Table for 2023
  8. 0001140361-23-026678
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001140361-23-017781
    Summary Compensation Table for 2022
  10. 0001556593-22-000036
    Employment Agreement
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Rithm Capital executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RITM (accessed 2026).
Short form: data: Velarion

The Rithm Capital brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
10 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
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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}
}
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