Cory Vieira
About Cory Vieira
Cory Vieira is Pagaya’s Chief Accounting Officer and principal accounting officer, appointed effective December 2, 2024; he was 47 as reported in Pagaya’s 2025 proxy . He is a CPA licensed in NY and holds a BS in Accounting (University at Albany, SUNY) and an MBA (NYU Stern) . During his tenure, Pagaya delivered three consecutive GAAP-profitable quarters and record quarterly network volume of $2.8B in Q3 2025; total revenue and other income reached a record ~$350M in Q3 2025, reflecting disciplined growth and improving unit economics .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BHG Financial | Chief Accounting Officer | ~3 | Led accounting, financial reporting, treasury, FP&A; scaled finance operations |
| American Express | Multiple leadership roles (M&A Controllership, Global Merchant Services, Global Treasury Controller) | 10 | Controlled complex M&A/accounting, merchant services, treasury; strengthened financial governance |
| GE Capital | Transaction Advisor | 4 | Structured debt/equity investments; enhanced deal execution rigor |
| PricewaterhouseCoopers | Auditor | 8 | Audited public companies; built technical accounting foundation |
External Roles
Not disclosed in company filings for Vieira.
Fixed Compensation
| Component | Amount | Terms/Notes |
|---|---|---|
| Base Salary | $375,000 | Annual base salary per offer letter |
| 2024 Cash Bonus (minimum) | $150,000 | Repayable if resigns before 1-year anniversary or terminated for cause within that period |
| One-time Cash Bonus | $20,000 | One-time payment |
| Equity Grant | TBD | Equity grant to be determined by Compensation Committee |
| Benefits | Eligible | Standard company benefit plans/programs |
Performance Compensation
No specific performance-based equity (PSUs) or option awards, targets, or payout metrics for Vieira were disclosed beyond the 2024 minimum cash bonus and a TBD equity grant .
Equity Ownership & Alignment
| Item | Status | Detail |
|---|---|---|
| Beneficial ownership (shares/options/RSUs) | Not disclosed | Vieira not listed in 2025 beneficial ownership table |
| Hedging | Prohibited | Officers/directors cannot hedge Pagaya securities |
| Pledging | Board approval required | Any pledge of company securities must be approved by the Board |
| Clawback Policy | Adopted Nov 29, 2023 | Incentive Compensation Recoupment Policy compliant with SEC/Nasdaq Rule 10D-1 |
| Ownership guidelines | Not disclosed | No explicit executive stock ownership guideline disclosure for Vieira |
Employment Terms
| Term | Vieira |
|---|---|
| Appointment date | December 2, 2024 |
| Position | Chief Accounting Officer; principal accounting officer |
| Contract provisions (typical for executives) | Company states exec agreements include non-compete, non-solicit, confidentiality, assignment of inventions (enforceability subject to limitations) |
| Severance | Not disclosed for Vieira (NEO severance terms provided for other executives only) |
| Change-of-control | Not disclosed for Vieira (COC terms provided for other executives only) |
| Clawback | Subject to company policy adopted Nov 29, 2023 |
| Insider trading | Covered by company policy |
Company Performance During Vieira’s Tenure
| Metric | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |
|---|---|---|---|---|
| Revenues ($USD) | $275,669,000* | $282,704,000* | $317,714,000* | $339,887,000* |
| EBITDA ($USD) | $64,217,000* | $55,407,000* | $58,026,500* | $81,794,000* |
| Net Income ($USD) | -$237,922,000* | $7,893,000* | $16,655,000* | $22,545,000* |
Values retrieved from S&P Global.*
Additional management commentary: Q3 2025 total revenue and other income ~ $350M; GAAP net income $23M; record network volume $2.8B; adjusted EBITDA $107M; FRLPC $139M (5% of network volume) .
Investment Implications
- Retention and short-term alignment: The 2024 minimum $150k cash bonus (repayable if he leaves within a year) and $20k one-time bonus provide near-term retention incentives; equity grant TBD suggests longer-term alignment will depend on size/structure of future awards .
- Governance and risk safeguards: Clawback policy (SEC/Nasdaq-compliant), hedging prohibition, and Board approval for pledging mitigate compensation-related risk and misalignment; robust insider trading policy applies .
- Execution backdrop: Vieira’s tenure coincides with strengthened financial performance—three consecutive GAAP-profitable quarters, record network volume, and expanding monetization/operating leverage—supporting a stable environment for accounting and reporting execution .
- Data gaps: Absence of disclosed personal equity holdings or detailed vesting schedules for Vieira limits “skin-in-the-game” analysis; monitoring future proxy disclosures and Form 4 filings is warranted .
Summary: Vieira’s package emphasizes immediate retention with cash components while deferring long-term alignment to a pending equity grant. Company-level controls (clawback, hedging/pledging limits) and improving profitability reduce governance and compensation risk; forthcoming equity awards will be critical to assess multi-year alignment .