David Matlin Net Worth
The estimated Net Worth of David J Matlin is at least $2.98 Billion dollars as of 14 June 2018. Mr. Matlin owns over 8,000,000 units of Flagstar stock worth over $1,002,996,792 and over the last 15 years he sold FBC stock worth over $1,976,450,684. In addition, he makes $0 as Director at Flagstar.
Mr. Matlin FBC stock SEC Form 4 insider trading
David has made over 6 trades of the Flagstar stock since 2005, according to the Form 4 filled with the SEC. Most recently he sold 8,000,000 units of FBC stock worth $270,560,000 on 14 June 2018.
The largest trade he’s ever made was buying 422,535,212 units of Flagstar stock on 27 January 2010 worth over $300,000,001. On average, David trades about 77,391,495 units every 487 days since 2005. As of 14 June 2018 he still owns at least 27,600,352 units of Flagstar stock.
You can see the complete history of Mr. Matlin stock trades at the bottom of the page.
David Matlin biography
David J. Matlin is Director of Flagstar Bancorp, Inc., since 2009. Mr. Matlin is the Chief Executive Officer of MP Global Advisers, which he co-founded in July 2002. Prior to forming MP Global Advisers, Mr. Matlin was a Managing Director at Credit Suisse First Boston, and headed their Distressed Securities Group upon its inception in 1994. Mr. Matlin was also a Managing Director and a founding partner of Merrion Group, L.P. Mr. Matlin’s background in distressed companies and his experience serving on several public company boards brings extensive leadership, risk assessment skills and public company expertise to the Board. Also, Mr. Matlin is a controlling member of MP Thrift, and as such, he provides the Board with the perspective of a major shareholder. Mr. Matlin also serves on the board of several private companies. Mr. Matlin was designated as a nominee by MP Thrift pursuant to Section 4.1(c) of the Investment Agreement.
How old is David Matlin?
David Matlin is 57, he’s been the Director of Flagstar since 2009. There are 6 older and 8 younger executives at Flagstar. The oldest executive at Flagstar Bancorp, Inc. is Bruce Nyberg, 73, who is the Independent Director.
What’s David Matlin’s mailing address?
David’s mailing address filed with the SEC is 520 MADISON AVENUE, , NEW YORK, NY, 10022.
Insider trading at Flagstar
Over the last 11 years, insiders at Flagstar have traded over $1,250,392,000 worth of Flagstar stock and bought 2,779,369,900 units worth $1,889,229,054 . The most active insider traders include David J Matlin, Thrift Investments L.P. Mp, and Mark R Patterson. On average, Flagstar executives and independent directors trade stock every 210 days with the average trade being worth of $6,075,006,120. The most recent stock trade was executed by Thrift Investments L.P. Mp on 1 November 2019, trading 6,100,000 units of FBC stock currently worth $219,356,000.
What does Flagstar do?
Flagstar Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Mortgage Originations, Mortgage Servicing, Community Banking, and Other. The Mortgage Originations segment acquires and markets residential mortgage loans. The Mortgage Servicing segment comprises financing solutions to properties held-for-investment. The Community Banking segment offers loans, deposits, checking and savings accounts, consumer and commercial loans, treasury management, equipment leasing, and capital markets services. The Other segment consists of interest rate risk management, investment securities portfolios, balance sheet funding, treasury and corporate assets, and equities. The company was founded in 1993 and is headquartered in Troy, MI.
What does Flagstar’s logo look like?
Complete history of Mr. Matlin stock trades at Flagstar and Huntsman
Flagstar executives and stock owners
Flagstar executives and other stock owners filed with the SEC include:
- Alessandro DiNello, President, Independent Chief Executive officer of the Board of the Company and Bank
- Lee Smith, Executive Vice-President, Chief Operating Officer of the Bank
- James Ciroli, Chief Financial Officer, Executive Vice President
- Stephen Figliuolo, Executive Vice President, Chief Risk Officer
- Kristy Fercho, Executive Vice President and President of Mortgage
- Andrew Ottaway, Executive Vice President, President of Banking
- Patrick McGuirk, Executive Vice President, General Counsel
- John Lewis, Independent Chairman of the Board
- David Treadwell, Independent Director
- Jay Hansen, Independent Director
- Jennifer Whip, Independent Director
- James Ovenden, Independent Director
- Peter Schoels, Director
- Bruce Nyberg, Independent Director
- Kenneth Schellenberg, Vice President, Investor Relations
- David Matlin, Director
- Thrift Investments L.P. Mp, 10% owner
- Gregory Eng, Director
- Mark R Patterson, Director