Onity Group Management
Management criteria checks 3/4
Onity Group's CEO is Glen Messina, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is $8.15M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 3.68% of the company’s shares, worth $8.90M. The average tenure of the management team and the board of directors is 3.8 years and 6.1 years respectively.
Key information
Glen Messina
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 12.3% |
| CEO tenure | 6.1yrs |
| CEO ownership | 3.7% |
| Management average tenure | 3.8yrs |
| Board average tenure | 6.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$15m |
| Jun 30 2024 | n/a | n/a | US$2m |
| Mar 31 2024 | n/a | n/a | US$7m |
| Dec 31 2023 | US$8m | US$1m | -US$64m |
| Sep 30 2023 | n/a | n/a | -US$96m |
| Jun 30 2023 | n/a | n/a | -US$67m |
| Mar 31 2023 | n/a | n/a | -US$73m |
| Dec 31 2022 | US$6m | US$972k | US$26m |
| Sep 30 2022 | n/a | n/a | US$104m |
| Jun 30 2022 | n/a | n/a | US$88m |
| Mar 31 2022 | n/a | n/a | US$68m |
| Dec 31 2021 | US$7m | US$900k | US$18m |
| Sep 30 2021 | n/a | n/a | US$13m |
| Jun 30 2021 | n/a | n/a | -US$18m |
| Mar 31 2021 | n/a | n/a | -US$6m |
| Dec 31 2020 | US$5m | US$900k | -US$40m |
| Sep 30 2020 | n/a | n/a | US$2m |
| Jun 30 2020 | n/a | n/a | -US$31m |
| Mar 31 2020 | n/a | n/a | -US$123m |
| Dec 31 2019 | US$8m | US$900k | -US$142m |
| Sep 30 2019 | n/a | n/a | -US$181m |
| Jun 30 2019 | n/a | n/a | -US$179m |
| Mar 31 2019 | n/a | n/a | -US$119m |
| Dec 31 2018 | US$8m | US$215k | -US$72m |
Compensation vs Market: Glen's total compensation ($USD8.15M) is above average for companies of similar size in the UK market ($USD739.28K).
Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.
CEO
Glen Messina (62 yo)
6.1yrs
Tenure
US$8,153,781
Compensation
Mr. Glen A. Messina serves as the President, CEO and Director of Onity Group Inc. (formerly known as Ocwen Financial Corporation) since October 4, 2018 and has been its Chair of the Board since January 23,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chair of the Board | 6.1yrs | US$8.15m | 3.68% $ 8.9m | |
| Executive VP & CFO | 2.4yrs | US$2.46m | 0.33% $ 805.1k | |
| Executive VP & Chief Administrative Officer | 5.3yrs | US$2.13m | 0.21% $ 509.5k | |
| Executive VP & Chief Servicing Officer | 15.8yrs | US$2.14m | 0.37% $ 904.7k | |
| Executive VP & Chief Investment Officer | 1.9yrs | no data | 0.073% $ 177.5k | |
| Senior VP & Chief Accounting Officer | 5.3yrs | no data | no data | |
| Chief Ethics Officer | 5.6yrs | no data | 0.19% $ 470.2k | |
| Executive VP | 2.1yrs | no data | 0.027% $ 65.8k | |
| Executive Vice President of Strategic Initiatives | less than a year | no data | no data | |
| Executive VP of Originations & Chief Lending Officer | less than a year | no data | no data |
3.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: 0KAS's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Chair of the Board | 6.1yrs | US$8.15m | 3.68% $ 8.9m | |
| Lead Independent Director | 5.8yrs | US$277.83k | 0.37% $ 899.7k | |
| Independent Director | 5.8yrs | US$218.00k | 0.37% $ 899.7k | |
| Independent Director | 9.8yrs | US$274.52k | 0.40% $ 973.8k | |
| Independent Director | 8.8yrs | US$243.00k | 0.51% $ 1.2m | |
| Independent Director | less than a year | no data | 0.0082% $ 19.8k | |
| Independent Director | 9.5yrs | US$235.50k | 0.40% $ 966.3k |
6.1yrs
Average Tenure
70yo
Average Age
Experienced Board: 0KAS's board of directors are considered experienced (6.1 years average tenure).