RC · Ready Capital Corp · Executive Compensation

$1.64 -0.02 (-1.20%) At close · Sep 11

Russell 2000 member Rebalance outlook locked

Market Cap

$270.91M

165.19M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew Ahlborn	Chief Financial Officer	$550,000	—	$1,200,000	—	$946,000	$70,435	$2,766,435
Gary T. Taylor	Former Chief Operating Officer	$450,000	—	$800,000	—	$747,000	$65,640	$2,062,640
Adam Zausmer	Former Chief Credit Officer	$550,000	—	$1,200,000	—	—	$70,660	$1,820,660

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Andrew Ahlborn	Chief Financial Officer	$450,000	—	$800,000	—	$1,050,000	$28,575	$2,328,575
Adam Zausmer	Chief Credit Officer	$450,000	—	$800,000	—	$1,001,000	$28,669	$2,279,669
Gary T. Taylor	Chief Operating Officer	$450,000	—	$800,000	—	$766,000	$24,431	$2,040,431

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adam Zausmer	Chief Credit Officer	$450,000	$550,000	$1,800,000	—	$1,025,000	$33,421	$3,858,421
Andrew Ahlborn	Chief Financial Officer	$450,000	$550,000	$1,800,000	—	$1,025,000	$33,327	$3,858,327
Gary T. Taylor	Chief Operating Officer	$450,000	$150,000	$1,050,000	—	$900,000	$27,578	$2,577,578

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Adam Zausmer	Chief Credit Officer	$431,250	—	$750,000	—	$1,240,000	$29,576	$2,450,826
Andrew Ahlborn	Chief Financial Officer	$431,250	$45,348	$750,000	—	$1,194,652	$29,576	$2,450,826
Gary T. Taylor	Chief Operating Officer	$431,250	—	$650,000	—	$1,060,000	$24,601	$2,165,851

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Gary T. Taylor	—	$187,500	$500,000	$250,000	—	—	$36,320	$973,820
Andrew Ahlborn	—	$187,917	$452,000	$175,000	—	—	$31,179	$846,096
Frederick C. Herbst	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	$125,000	$69,981	—	—	$33,336	$332,644

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Frederick C. Herbst	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	$600,000	—	—	—	$42,830	$890,330

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Frederick C. Herbst	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	$500,000	$200,000	—	—	$43,389	$975,889

Key facts CIK 1527590 CUSIP 75574U101 13F (30d) 61 filings 61 filers Visit website Investor relations