Frederick C. Herbst
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Frederick C. Herbst is recorded as CFO at Ready Capital Corp (RC). The proxy statement of Ready Capital Corp reports total compensation of $332,644 for Frederick C. Herbst in fiscal 2019, including a base salary of $104,327. Disclosed compensation is on record for 3 fiscal years. Ready Capital Corp is classified in the REIT - Mortgage industry within the Real Estate sector. Other leadership on record at Ready Capital Corp includes Thomas Capasse (CEO), Thomas E. Capasse (CEO and CIO), Andrew Ahlborn (CFO) and 7 others.
Affiliation history
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Current
Company network
Leadership on record at Ready Capital Corp
- Thomas Capasse CEO
- Thomas E. Capasse CEO, CIO
- Andrew Ahlborn CFO
- Gary T. Taylor COO
- Andrea Petro Board Member
- Daniel J. Hirsch Board Member
- Dominique Mielle Board Member
- Frank P. Filipps Board Member
- Gilbert E. Nathan Board Member
- J. Mitchell Reese Board Member
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2019 | Ready Capital Corp (RC) | The Named Executive Officers (other than our Chief Operating Officer) are employees of our Manager or its affiliates and are not paid cash compensation by us. The amounts reported in the "Stock Awards" column represent the aggregate grant date fair value of awards of restricted shares of Common Stock calculated under US GAAP ASC 718. Under ASC 718, the grant date fair value is calculated using the closing market price of our Common Stock on the date of grant. This amount represents tax gross-up and medical and dental benefits reimbursed by Ready Capital to our Manager. Prior to becoming our Chief Financial Officer effective June 1, 2019, Mr. Ahlborn was exclusively dedicated to our affairs and the amounts set forth in table above represent the total compensation reimbursed by us to our Manager for his services during 2019 (including the period from January 1, 2019 to May 31, 2019). Amounts for Mr. Taylor represent his compensation for his service as Chief Operating Officer, which was made effective in April 2019. Amounts for Mr. Herbst represent his compensation for his service as Chief Financial Officer until his resignation effective in June 2019. | $104,327 | $332,644 |
| 2018 | Ready Capital Corp (RC) | The Named Executive Officers (other than our Chief Operating Officer) are employees of our Manager or its affiliates and are not paid cash compensation by us. The amounts reported in the "Stock Awards" column represent the aggregate grant date fair value of awards of restricted shares of Common Stock calculated under US GAAP ASC 718. Under ASC 718, the grant date fair value is calculated using the closing market price of our Common Stock on the date of grant. This amount represents tax gross-up and medical and dental benefits reimbursed by Ready Capital to our Manager. Prior to becoming our Chief Financial Officer effective June 1, 2019, Mr. Ahlborn was exclusively dedicated to our affairs and the amounts set forth in table above represent the total compensation reimbursed by us to our Manager for his services during 2019 (including the period from January 1, 2019 to May 31, 2019). Amounts for Mr. Taylor represent his compensation for his service as Chief Operating Officer, which was made effective in April 2019. Amounts for Mr. Herbst represent his compensation for his service as Chief Financial Officer until his resignation effective in June 2019. | $247,500 | $890,330 |
| 2017 | Ready Capital Corp (RC) | The Named Executive Officers (other than our Chief Operating Officer) are employees of our Manager or its affiliates and are not paid cash compensation by us. The amounts reported in the "Stock Awards" column represent the aggregate grant date fair value of awards of restricted shares of Common Stock calculated under US GAAP ASC 718. Under ASC 718, the grant date fair value is calculated using the closing market price of our Common Stock on the date of grant. This amount represents tax gross-up and medical and dental benefits reimbursed by Ready Capital to our Manager. Prior to becoming our Chief Financial Officer effective June 1, 2019, Mr. Ahlborn was exclusively dedicated to our affairs and the amounts set forth in table above represent the total compensation reimbursed by us to our Manager for his services during 2019 (including the period from January 1, 2019 to May 31, 2019). Amounts for Mr. Taylor represent his compensation for his service as Chief Operating Officer, which was made effective in April 2019. Amounts for Mr. Herbst represent his compensation for his service as Chief Financial Officer until his resignation effective in June 2019. | $232,500 | $975,889 |
Recent activity
No call appearances or filed executive changes recorded yet.