Rocket Companies Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Varun Krishna

Chief executive officer

US$3.4m

Total compensation

CEO salary percentage	11.7%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Varun Krishna's remuneration changed compared to Rocket Companies's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$19m
Dec 31 2023	US$3m	US$404k	-US$16m

Compensation vs Market: Varun's total compensation ($USD3.45M) is below average for companies of similar size in the MX market ($USD6.00M).

Compensation vs Earnings: Insufficient data to compare Varun's compensation with company performance.

CEO

Varun Krishna (40 yo)

less than a year

Tenure

US$3,445,914

Compensation

Mr. Varun Krishna serves as Chief Executive Officer of Rocket Companies, Inc. since September 05, 2023 & serves as its Director since December 21, 2023. He serves as Chief Executive Officer of Rocket Mortg...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Daniel Gilbert	Founder & Chairman of the Board	4.2yrs	no data	no data
Varun Krishna	CEO & Director	less than a year	US$3.45m	no data
William Emerson	President	less than a year	US$6.82m	0.20% $ 908.1m
Brian Brown	CFO & Treasurer	1.5yrs	US$3.02m	0.19% $ 883.7m
Tina John	Executive Legal Counsel & Secretary	1.6yrs	US$2.35m	0.032% $ 149.0m
Noah Edwards	Chief Accounting Officer	less than a year	no data	0.037% $ 168.6m
Shawn Malhotra	Group Chief Technology Officer	no data	no data	no data
Sharon Ng	Vice President of Investor Relations	no data	no data	no data
Jonathan Mildenhall	Chief Marketing Officer	less than a year	no data	no data
KimArie Yowell	Chief Diversity Officer	2.3yrs	no data	no data
William Banfield	Chief Risk Officer of Rocket Mortgage	no data	no data	no data
LaQuanda Sain	Executive Vice President-Servicing of Rocket Mortgage	no data	no data	no data

0.7yrs

Average Tenure

44yo

Average Age

Experienced Management: RKT *'s management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Daniel Gilbert	Founder & Chairman of the Board	4.2yrs	no data	no data
Varun Krishna	CEO & Director	less than a year	US$3.45m	no data
William Emerson	President	1.3yrs	US$6.82m	0.20% $ 908.1m
Jonathan Mariner	Independent Director	3.5yrs	US$316.97k	0.023% $ 105.9m
Nancy Tellem	Independent Director	3.8yrs	US$313.22k	0.060% $ 278.5m
Suzanne Shank-Werdlow	Independent Director	3.8yrs	US$305.73k	0.035% $ 162.9m
Jennifer Gilbert	Director	4.2yrs	no data	no data
Alastair Rampell	Independent Director	less than a year	no data	no data
Matthew Rizik	Director	4.2yrs	no data	0.42% $ 1.9b

3.8yrs

Average Tenure

61yo

Average Age

Experienced Board: RKT *'s board of directors are considered experienced (3.8 years average tenure).

Rocket Companies Management

Management criteria checks 2/4

Key information

Recent management updates

Rocket Companies Appoints Shawn Malhotra as Chief Technology Officer

Rocket Companies, Inc., Annual General Meeting, Jun 18, 2024

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer, Effective January 8, 2024

Recent updates

Rocket Companies Appoints Shawn Malhotra as Chief Technology Officer

Rocket Companies, Inc., Annual General Meeting, Jun 18, 2024

Rocket Companies, Inc. to Report Q1, 2024 Results on May 02, 2024

Less than half of directors are independent

Full year 2023 earnings released: US$0.12 loss per share (vs US$0.39 profit in FY 2022)

Less than half of directors are independent

Rocket Companies, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Less than half of directors are independent

Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer, Effective January 8, 2024

Rocket Companies, Inc Appoints Varun Krishna to Serve as Class III Director

Less than half of directors are independent

New major risk - Financial position

Less than half of directors are independent

Rocket Companies, Inc. to Report Q3, 2023 Results on Nov 02, 2023

New major risk - Financial position

Second quarter 2023 earnings released: EPS: US$0.059 (vs US$0.029 in 2Q 2022)

Less than half of directors are independent

Rocket Companies Announces Executive Changes

Rocket Companies, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Rocket Companies, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Rocket Companies, Inc. Announces Board Changes

Less than half of directors are independent

Rocket Companies, Inc. (NYSE:RKT) announces an Equity Buyback for $1,000 million worth of its shares.

Rocket Companies, Inc. Introduces Rocket Rewards: New Engagement Program Helps Consumers Save Toward Their Financial Future

Rocket Companies, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Rocket Companies Announces Management Changes

Second quarter 2022 earnings released: EPS: US$0.029 (vs US$0.45 in 2Q 2021)

Rocket Companies, Inc. Provides Gain on Sale Margins Guidance for the Third Quarter of 2022

Investor sentiment improved over the past week

Rocket Companies, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Less than half of directors are independent

Vice Chairman & CEO recently bought Mex$4.1m worth of stock

Less than half of directors are independent

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age