Rocket Companies Executive Compensation (FY25)

Name: Rocket Companies (RKT) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

RKT · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Varun Krishna

Latest say-on-pay support

June 18, 2024

Chief executive pay ratio

◇

To the median employee

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Data as of October 26, 2026Latest filing (DEF 14A): April 29, 2026

7 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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267 figures on this page: 265 cited to the filing that reported them, 2 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Rocket Companies' chief executive and what were they paid?

Varun Krishna, President and Chief Executive Officer, received $52,889,799 in total compensation for fiscal 2025. Krishna's total was 104.3% higher than the $25,887,926 reported for fiscal 2024.

What was Rocket Companies' say-on-pay result?

Shareholders recorded 99.4% support for the say-on-pay proposal at the meeting held June 18, 2024 for fiscal 2023.

Which companies are in Rocket Companies' peer group?

The disclosed peer group names Affirm Holdings Inc., Ally Financial Inc., American Express Co., Annaly Capital Management Inc. and Block, Inc., among others.

What is Rocket Companies' chief executive pay ratio?

For fiscal 2025, the company reported a chief executive pay ratio of 469:1, against median employee compensation of $112,820.

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
Jay Farner Former Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Brian Brown Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇
Bob Walters Former President and Chief Operating Officer	◇	◇	◇	—	—	—	◇	◇
Julie Booth Former Chief Financial Officer And Treasurer Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Angelo Vitale Former General Counsel And Secretary Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Tina John General Counsel And Secretary	◇	◇	—	—	—	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Bill Emerson President and Chief Operating Officer	◇	◇	◇	—	—	—	◇	◇
Varun Krishna Chief Executive Officer	◇	◇	—	—	—	—	◇	◇
Bob Walters Former President and Chief Operating Officer Departed during or after this year	◇	—	◇	—	—	—	◇	◇
Brian Brown Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇
Tina John General Counsel and Secretary	◇	◇	◇	—	—	—	◇	◇
Jay Farner Former Chief Executive Officer 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
Varun Krishna Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Shawn Malhotra Chief Technology Officer	◇	◇	◇	—	◇	—	◇	◇
Jonathan Mildenhall Chief Marketing Officer	◇	◇	◇	—	◇	—	◇	◇
Brian Brown Chief Financial Officer and Treasurer	◇	—	◇	—	◇	—	◇	◇
Heather Lovier Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Varun Krishna President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Jay Bray President and CEO of Rocket Mortgage	◇	◇	◇	—	—	—	◇	◇
Brian Brown Chief Financial Officer and Treasurer	◇	—	◇	—	◇	—	◇	◇
Heather Lovier Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇
Bill Banfield Chief Business 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
Bill Banfield	RSU	◇	—	—	◇	—	—	◇
Bill Banfield	RSU	◇	—	—	◇	—	—	◇
Bill Banfield	PSU	◇	◇	◇	—	◇	—	◇
Bill Banfield	PSU	◇	◇	◇	—	◇	—	◇
Brian Brown	PSU	◇	◇	◇	—	◇	—	◇
Brian Brown	PSU	◇	◇	◇	—	◇	—	◇
Brian Brown	RSU	◇	—	—	◇	—	—	◇
Brian Brown	RSU	◇	—	—	◇	—	—	◇
Heather Lovier	RSU	◇	—	—	◇	—	—	◇
Heather Lovier	PSU	◇	◇	◇	—	◇	—	◇
Heather Lovier	RSU	◇	—	—	◇	—	—	◇
Heather Lovier	PSU	◇	◇	◇	—	◇	—	◇
Jay Bray	RSU	◇	—	—	◇	—	—	◇
Varun Krishna	PSU	◇	◇	◇	—	◇	—	◇
Varun Krishna	PSU	◇	◇	◇	—	◇	—	◇
Varun Krishna	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
Jay Bray	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
Varun Krishna	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
Brian Brown	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	Option	◇	—	◇	8/5/2030
	PSU	◇	◇	—	—
Heather Lovier	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	Option	◇	—	◇	8/5/2030
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
Bill Banfield	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	Option	◇	—	◇	8/5/2030
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—

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.

Brian Brown

Chief Financial Officer and Treasurer · Amended agreement · dated February 24, 2026

Benefits continuation	◇
Clawback	◇

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
Jonathan Mariner Lead independent director	◇	◇	—	—	—	—	◇
Suzanne Shank	◇	◇	—	—	—	—	◇
Alex Rampell	◇	◇	—	—	—	—	◇
Tagar Olson	◇	◇	—	—	—	—	◇
Nancy Tellem	◇	—	—	—	—	—	◇

Dan Gilbert, Jay Bray, Matthew Rizik, Bill Emerson, Jennifer Gilbert and Varun Krishna 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	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as restricted stock units.

Disclosed peer group

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

Fiscal 2025

Affirm Holdings Inc. AFRM
Ally Financial Inc. ALLY
American Express Co. AXP
Annaly Capital Management Inc. NLY
Block, Inc. XYZ
Charles Schwab SCHW
Compass, Inc. COMP
CoStar Group Inc. CSGP
DR Horton, Inc. DHI
Ellington Financial, Inc. EFC
Fidelity National Financial, Inc. FNF
First American Financial Corp. FAF
Intercontinental Exchange, Inc. ICE
KB Home KBH
Lennar Corp. LEN
Loan Depot symbol not shown
NMI Holdings, Inc. NMIH
PayPal Holdings, Inc. PYPL
PennyMac Financial Services, Inc. PFSI
PNC Financial Services Group, Inc. PNC

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2023	June 18, 2024	=	◇	◇	◇
2020	May 25, 2021	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Varun Krishna (President and Chief Executive Officer), FY2025 total compensation $52,889,799 (base salary $1,262,603) [exec_comp, SEC accession 0001805284-26-000056, filed 2026-04-29]

See a complete sample report

What this page does not include

Everything above is a fact Rocket Companies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Rocket Companies 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 — $500

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 — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

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.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Multiple 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.

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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.

267 figures on this page: 265 cited to the filing that reported them, 2 calculated from figures it prints.

265 cited to the filing

2 calculated from the filing

Documents cited

DEF 14A, filed April 29, 2026
0001805284-26-000056
2025 summary compensation table · CEO Pay Ratio · NYSE · Outstanding equity awards at December 31, 2025
EX-10, filed March 2, 2026
0001628280-26-013283
EX-10.14
DEF 14A, filed May 29, 2025
0001805284-25-000071
2024 summary compensation table ...........................................
8-K, filed June 21, 2024
0001805284-24-000099
DEF 14A, filed April 26, 2024
0001104659-24-053020
Summary Compensation Table for 2023, 2022 and 2021
DEF 14A, filed April 26, 2023
0001104659-23-050385
Summary Compensation Table for 2022, 2021 and 2020
8-K, filed May 27, 2021
0001805284-21-000020

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Velarion, “Rocket Companies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RKT (accessed 2026).

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The paid brief for Rocket Companies

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 $500 for the board report; $900 for both.

Get the executive brief Get the board briefNo account needed.

7 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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<iframe src="https://intel.velarion.ai/comp/RKT/embed" width="560" height="480" style="border:1px solid #d8dee8;border-radius:10px" loading="lazy" title="Rocket Companies executive compensation, from Velarion"></iframe>

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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}
}

Rocket Companies Executive Compensation (FY25)

The paid brief on Rocket Companies

More on Rocket Companies

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Rocket Companies

Peers Rocket Companies discloses

Terms on this page