First National Financial Management

Management criteria checks 3/4

First National Financial's CEO is Jason Ellis, appointed in Nov 2019, has a tenure of 2.83 years. total yearly compensation is CA$1.86M, comprised of 59.3% salary and 40.7% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth CA$89.15K. The average tenure of the management team and the board of directors is 8.4 years and 11.7 years respectively.

Key information

Jason Ellis

Chief executive officer

CA$1.9m

Total compensation

CEO salary percentage	59.3%
CEO tenure	5yrs
CEO ownership	0.003%
Management average tenure	8.4yrs
Board average tenure	11.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jason Ellis's remuneration changed compared to First National Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	CA$181m
Jun 30 2024	n/a	n/a	CA$228m
Mar 31 2024	n/a	n/a	CA$263m
Dec 31 2023	CA$2m	CA$1m	CA$249m
Sep 30 2023	n/a	n/a	CA$247m
Jun 30 2023	n/a	n/a	CA$204m
Mar 31 2023	n/a	n/a	CA$177m
Dec 31 2022	CA$1m	CA$1m	CA$195m
Sep 30 2022	n/a	n/a	CA$194m
Jun 30 2022	n/a	n/a	CA$202m
Mar 31 2022	n/a	n/a	CA$193m
Dec 31 2021	CA$1m	CA$900k	CA$192m
Sep 30 2021	n/a	n/a	CA$219m
Jun 30 2021	n/a	n/a	CA$244m
Mar 31 2021	n/a	n/a	CA$242m
Dec 31 2020	CA$1m	CA$700k	CA$187m
Sep 30 2020	n/a	n/a	CA$167m
Jun 30 2020	n/a	n/a	CA$155m
Mar 31 2020	n/a	n/a	CA$148m
Dec 31 2019	CA$885k	CA$575k	CA$174m
Sep 30 2019	n/a	n/a	CA$157m
Jun 30 2019	n/a	n/a	CA$149m
Mar 31 2019	n/a	n/a	CA$151m
Dec 31 2018	CA$834k	CA$408k	CA$163m
Sep 30 2018	n/a	n/a	CA$177m
Jun 30 2018	n/a	n/a	CA$184m
Mar 31 2018	n/a	n/a	CA$206m
Dec 31 2017	CA$669k	CA$358k	CA$205m

Compensation vs Market: Jason's total compensation ($USD1.33M) is below average for companies of similar size in the Canadian market ($USD2.06M).

Compensation vs Earnings: Jason's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jason Ellis (53 yo)

5yrs

Tenure

CA$1,856,434

Compensation

Mr. Jason Ellis has been Chief Executive Officer and Director at First National Financial Corporation since January 12, 2022 and serves as its President since November 11, 2019. Mr. Ellis joined First Nati...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stephen J. Smith	Co-Founder & Executive Chairman	18.6yrs	CA$763.68k	37.37% CA$ 997.4m
Jason Ellis	CEO, President & Director	5yrs	CA$1.86m	0.0033% CA$ 89.1k
Moray Tawse	Co-Founder	no data	CA$763.93k	0.95% CA$ 25.4m
Robert Inglis	Chief Financial Officer	15.9yrs	CA$897.25k	no data
Jeremy Wedgbury	Executive Vice President of Commercial Mortgages	no data	CA$1.12m	no data
Scott McKenzie	Executive Vice President of Residential Mortgages	no data	CA$954.35k	no data
Hilda Wong	Executive VP & General Counsel	11.8yrs	no data	no data
Wendy Burkin	Vice President of Human Resources	no data	no data	no data
Thomas Kim	Executive VP & MD of Capital Markets	2.8yrs	no data	no data
Ernie Stapleton	President of Fundamental Creative Inc.	no data	no data	no data

8.4yrs

Average Tenure

67yo

Average Age

Experienced Management: FN.PRA's management team is seasoned and experienced (8.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stephen J. Smith	Co-Founder & Executive Chairman	18.6yrs	CA$763.68k	37.37% CA$ 997.4m
Jason Ellis	CEO, President & Director	2.8yrs	CA$1.86m	0.0033% CA$ 89.1k
Moray Tawse	Co-Founder	18.6yrs	CA$763.93k	0.95% CA$ 25.4m
Robert Pearce	Independent Director	7.3yrs	CA$80.00k	0.013% CA$ 333.9k
Robert Mitchell	Lead Independent Director	18.4yrs	CA$110.00k	0.011% CA$ 295.5k
Duncan Newton Jackman	Independent Director	18.4yrs	CA$80.00k	0.018% CA$ 489.5k
Barbara Palk	Independent Director	11.7yrs	CA$90.00k	0.0050% CA$ 133.5k
Martine Irman	Independent Director	2.1yrs	CA$80.00k	0.017% CA$ 445.2k
Diane Sinhuber	Independent Director	2.1yrs	CA$80.00k	0.0033% CA$ 89.1k

11.7yrs

Average Tenure

67yo

Average Age

Experienced Board: FN.PRA's board of directors are seasoned and experienced ( 11.7 years average tenure).

First National Financial Management

Management criteria checks 3/4

Key information

Recent management updates

First National Financial Corporation, Annual General Meeting, May 02, 2024

First National Financial Corporation Announces Board Changes

First National Financial Corporation, Annual General Meeting, May 05, 2022

First National Financial Corporation, Annual General Meeting, May 06, 2021

Recent updates

First National Financial Corporation Announces Dividend for the Month of November 2024, Payable on December 13, 2024

First National Financial Corporation Announces Special Dividend, Payable on December 13, 2024

First National Financial Corporation Announces October 2024 Dividend, Payable on November 15, 2024

First National Financial Corporation to Report Q3, 2024 Results on Oct 29, 2024

First National Financial Corporation Announces Monthly Dividend on Common Share for the Period September 1 to September 30, 2024, Payable on October 15, 2024

First National Financial Corporation Announces its Monthly Dividend Payment for the Period August 1 to August 31, 2024, Payable on September 16, 2024

First National Financial Corporation to Report Q2, 2024 Results on Jul 30, 2024

First National Financial Corporation Announces Monthly Dividend Payment for the Period June 1 to June 30, 2024, Payable on July 15, 2024

First National Financial Corporation Announces Dividend for the Month Ended May 31, 2024, Payable on June 14, 2024

First National Financial Corporation Announces Dividend for the Month Ended April 30, 2024, Payable on May 15, 2024

First National Financial Corporation to Report Q1, 2024 Results on Apr 30, 2024

First National Financial Corporation announced that it expects to receive CAD 199.999998 million in funding

First National Financial Corporation, Annual General Meeting, May 02, 2024

First National Financial Corporation Announces January Month Dividend, Payable on February 15, 2024

First National Financial Corporation to Report Q4, 2023 Results on Mar 05, 2024

First National Financial Corporation Announces December Month Dividend, Payable on January 15, 2024

First National Financial Corporation Announces Special Dividend, Payable on December 15, 2023

First National Financial Corporation Announces Dividend for the Period October 1 to October 31, 2023, Payable on November 15, 2023

First National Financial Corporation to Report Q3, 2023 Results on Oct 31, 2023

First National Financial Corporation Announces Monthly Dividend for the Period September 1 to September 30, 2023, Payable on October 16, 2023

First National Financial Corporation announced that it expects to receive CAD 200 million in funding

First National Financial Corporation Announces Monthly Dividend for the Period August 1, 2023 to August 31, 2023, Payable on September 15, 2023

First National Financial Corporation Announces Monthly Dividend for the Period July 1 to July 31, 2023, Payable on August 15, 2023

First National Financial Corporation to Report Q2, 2023 Results on Aug 01, 2023

First National Financial Corporation Announces June Dividend, Payable on July 14, 2023

First National Financial Corporation Announces Monthly Dividend for the Period May 1 to May 31, 2023, Payable on June 15, 2023

First National Financial Corporation Announces February Dividend Payment, Payable on March 15, 2023

First National Financial Corporation to Report Q4, 2022 Results on Feb 28, 2023

First National Financial Corporation Announces Dividend for the Period January 1 to January 31, 2023, Payable on February 15, 2023

First National Financial Corporation Announces December Dividend, Payable on January 16, 2023

First National Financial Corporation Announces Common Share Dividend, Payable on December 15, 2022

First National Financial Corporation Increases Common Share Dividend, Payable on December 15, 2022

First National Financial Corporation Announces Monthly Dividend for the Period October 1 to October 31, 2022, Payable on November 15, 2022

First National Financial Corporation Announces Board Changes

First National Financial Corporation to Report Q3, 2022 Results on Oct 25, 2022

First National Financial Corporation Announces Monthly Dividend Payment for the Period September 1 to September 30, 2022, Payable on October 14, 2022

First National Financial Corporation Announces Monthly Dividend Payment for the Period August 1 to August 31, 2022, Payable on September 15, 2022

First National Financial Corporation Announces Its Monthly Dividend Payment for the Period July 1 to July 31, 2022, Payable on August 15, 2022

First National Financial Corporation to Report Q2, 2022 Results on Jul 26, 2022

First National Financial Corporation Announces June Dividend, Payable on July 15, 2022

First National Financial Corporation Announces its Monthly Dividend Payment for the Period May 1 to May 31, 2022, Payable on June 15, 2022

First National Financial Corporation Announces Monthly Dividend for the Month of April 2022, Payable on May 16, 2022

First National Financial Corporation to Report Q1, 2022 Results on Apr 26, 2022

First National Financial Corporation, Annual General Meeting, May 05, 2022

First National Financial Corporation Announces February Dividend Payment Payable on March 15, 2022

First National Financial Corporation Announces Monthly Dividend Payment for the Period May 1 to May 31, 2021, Payable on June 15, 2021

First National Financial Corporation Announces Monthly Dividend, Payable on June 15, 2021

First National Financial Corporation Announces March Dividend, Payable on April 15, 2021

First National Financial Corporation, Annual General Meeting, May 06, 2021

First National Financial Corporation to Report Q4, 2020 Results on Mar 02, 2021

First National Financial Corporation to Report Q3, 2020 Results on Oct 27, 2020

First National Financial Corporation to Report Q2, 2020 Results on Jul 27, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age