Rocket Companies Executive Compensation (FY25)
RKT · Executive and director compensation, fiscal 2022 to 2025
The paid brief on 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 $1,200 for the board report; $2,400 for both.
Data as of September 12, 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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243 figures on this page: 241 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
More on Rocket Companies
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 — Varun Krishna: $25,887,926 → $52,889,799 (104.3% higher)
CEO pay ratio: 260:1 → 469:1 (80.4% higher)
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 | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
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 | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
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 | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Bill Banfield | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Bill Banfield | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Bill Banfield | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brian Brown | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Brian Brown | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Brian Brown | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brian Brown | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Heather Lovier | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Heather Lovier | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Heather Lovier | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Heather Lovier | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jay Bray | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Varun Krishna | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Varun Krishna | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Varun Krishna | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Bill Banfield | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 8/5/2030 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Jay Bray | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Varun Krishna | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Brian Brown | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 8/5/2030 | |
| Heather Lovier | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 8/5/2030 | |
| 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, Varun Krishna, Matthew Rizik, Bill Emerson and Jennifer Gilbert 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 | ◇ |
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
◇
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 — $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 — $1,200Realizable 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.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
243 figures on this page: 241 cited to the filing that reported them, 2 calculated from figures it prints.
241 cited to the filing
2 calculated from the filing
Documents cited
- 0001805284-26-0000562025 summary compensation table · CEO Pay Ratio · NYSE · Outstanding equity awards at December 31, 2025
- 0001628280-26-013283EX-10.14
- 0001805284-25-0000712024 summary compensation table ...........................................
- 0001805284-24-000099
- 0001104659-24-053020SUMMARY COMPENSATION TABLE FOR 2023, 2022 AND 2021
- 0001104659-23-050385SUMMARY COMPENSATION TABLE FOR 2022, 2021 AND 2020
- 0001805284-21-000020
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Rocket Companies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/RKT (accessed 2026).
Short form: data: Velarion
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 $1,200 for the board report; $2,400 for both.
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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Peers Rocket Companies discloses
The companies named in RKT's own disclosed peer group.
Affirm Holdings Inc.Ally Financial Inc.American Express Co.Annaly Capital Management Inc.Block, Inc.Charles SchwabCompass, Inc.CoStar Group Inc.DR Horton, Inc.Ellington Financial, Inc.Fidelity National Financial, Inc.First American Financial Corp.Intercontinental Exchange, Inc.KB HomeLennar Corp.NMI Holdings, Inc.PayPal Holdings, Inc.PennyMac Financial Services, Inc.PNC Financial Services Group, Inc.
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}
}