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David Block received $407K in total compensation as CEO of Ellington Credit Co in FY2024. The largest component was $346K in base salary. That’s down 1% from FY2023. Source: SEC DEF 14A.
In fiscal year 2024, David Block, CEO of Ellington Credit Co (EARN), received total compensation of $407K.
David Block's compensation breakdown includes: base salary of $346K, bonus of $49K, option awards of $12K,.
Compared to fiscal year 2023, David Block's total compensation decreased 1% from $412K to $407K.
Ellington Credit Co's top 2 named executive officers received combined total compensation of $617K in fiscal year 2024.
The named executive officers disclosed in Ellington Credit Co's 2024 proxy statement are:David Block (CEO) with total compensation of $407K, and Daniel Benjamin Glinert (Executive Director and Chairman) with total compensation of $210K.
Source Filing
Executive Record
David Block
CEO
Reported Pay
$407K
Summary compensation table total · FY2024
Findings
Reviewing FY2024 compensation of $407K against +8% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed -1%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for EARN.
Team view
2 executives
CEO
Total PayFY2024
$407K
Executive Director and Chairman
Total PayFY2024
$210K
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01FY2024 total compensation breakdown
$406.8K total compensation
David Block earned $406.8K in FY2024 — here's how that breaks down.
$346.3K
85% of total
$48.8K
12% of total
$12.2K
3% of total
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the micro-cap median compensation benchmark for companies around $176.9M market cap, based on 12 peers in this size band.
03Recent insider trades by officers and directors
~30 trades
04Showing FY2025 data (latest available)
FY2026 does not include director compensation in our current dataset, so we're showing the latest board table we found.
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2024 | David Block CEO | $0.35M | $0.05M | $0.00M | $0.01M | -$0.00M | $0.41M |
| 2023 | David Block CEO | $0.33M | $0.00M | $0.00M | $0.08M | $0.00M | $0.41M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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Ellington Credit Co (EARN) — Key Facts
Last updated Apr 15, 2026 · DEF 14A filed Apr 18, 2025
| CEO | David Block, CEO |
|---|---|
| Fiscal year | FY2024 |
| Total compensation | $407K |
| Base salary | $346K |
| Year-over-year change | -1% |
| Source | DEF 14A, 2025-04-18 |
David Block, the CEO of Ellington Credit Co, received total compensation of $406,770 in fiscal year 2024. This includes base salary of $346,313.
David Block's base salary at Ellington Credit Co is $346,313 per year as of fiscal year 2024. However, total compensation including stock awards, bonuses, and other benefits is $406,770.
Ellington Credit Co's CEO, David Block, earned $406,770 in total compensation for fiscal year 2024.