Summary of Annual Compensation
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EX-10.40 3 ago-12312021x10kex1040.htm EX-10.40 Document
Exhibit 10.40
ASSURED GUARANTY LTD.
DESCRIPTION OF 2022 EXECUTIVE OFFICER CASH COMPENSATION
Set forth below are the 2022 annual salaries of the Executive Officers to be named in the compensation tables in Assured Guaranty’s 2022 proxy statement, which will be filed with the SEC not later than 120 days after the close of the fiscal year pursuant to regulation 14A, and who serve as Executive Officers as of the date of this filing.
| Executive Officer | Salary | ||||
Dominic J. Frederico President and Chief Executive Officer | $1,250,000 | ||||
Robert A. Bailenson Chief Financial Officer | $800,000 | ||||
David Buzen Chief Investment Officer and Head of Asset Management | $800,000 | ||||
Ling Chow General Counsel and Secretary | $600,000 | ||||
Russell B. Brewer II* Chief Surveillance Officer | $550,000 | ||||
The named executive officers will also be eligible for the following:
| • | To be considered to receive equity and non-equity incentive compensation for 2020 performance. | ||||
| • | To receive other annual compensation and benefits, including employer contributions to retirement plans. | ||||
* As previously disclosed, Mr. Brewer is now employed by the Company for a transition period in a non-executive officer position. | ||
