Michael Castello Email & Phone Number

Philadelphia, Pa, Us

Newark, De, Us

● Provided strategic oversight and leadership for the compensation, benefits and payroll teams, with a focus on individual and team development and personal growth. ● Redesigned executive and broad based compensation programs (LTI and STI) that created alignment between pay and company performance.● Enhanced monthly incentives for sales and customer service teams resulting in increased levels of agent satisfaction, while also improving financial results.● Prepared and presented analyses, materials, and recommendations to Executive Leadership (CEO, CFO, etc.) and the Compensation Committee of the Board of Directors.● Created a new job architecture which resulted in title and level alignment. This project resulted in the reduction in job levels at the organization from 20 to 15, and job descriptions from approximately 1,200 to approximately 700.● Created a pay equity strategy to ensure fairness and equality throughout different levels and pay grades. ● Developed a compensation philosophy that was aligned with company values and promoted a high performing culture that values impact over activities.● Led all aspects of the annual compensation review cycle, from manager planning to final Board approvals.● Implemented an employee value proposition to attract, engage, and retain top talent for the organization. This includes evaluation, design, implementation, and communication of all health and welfare, retirement, paid time-off, mobility, and disability plans.● Oversaw HR reviews and recommendations for mergers and acquisitions.● Led the Retirement and Benefits Committee meetings to review and implement 401(k), benefits, and other retirement program changes, as needed and in accordance with law. ● Negotiated vendor contracts resulting in $3.2 million in savings.● Managed multiple vendor relationships to ensure all programs are properly administered.● Partnered with Legal and Finance to lead the annual proxy and CD&A process.

Newark, De, Us

● Led the strategy and design of all compensation programs, including base pay and short and long-term incentive programs. ● Oversaw the management and administration of all compensation processes including the planning and implementation of annual salary reviews, short-term incentive programs, and equity programs. ● Conducted competitive benchmarking and survey analysis to evaluate the appropriateness of executive pay levels and programs.● Created salary ranges based on specific roles and the geographic location of the position.● Monitored internal, external, and peer group competitive positions to ensure alignment and effectiveness of the company’s executive compensation programs, conducted in coordination with the Committee’s independent compensation consultant. ● Collaborated with HR partners to ensure compensation plans and programs met the needs of employees and the company.● Managed the planning, design, implementation, and administration activities related to all business area incentive programs. Ensured that the incentive-related programs offered drove the appropriate behaviors and were in alignment with the organization’s strategic and profitability objectives all while being risk averse. ● Ensured all process documentation and controls were complete, up to date, and had the appropriate approvals in Policy Tech. Ensured all SOX controls were current and were being tested and followed according to company policy and timeline.● Prepared materials and presented to the Board Of Directors and the Nominations, Governance and Compensation Committee. ● Partnered with Legal and Finance (and any external firms including audit) to lead the annual proxy and CD&A process.● Oversaw design and execution of all equity programs (RSUs, PSUs, RSAs, SARs, and Employee Stock Purchase Plan).

Princeton, New Jersey, Us

•Provided strategic, governance and technical guidance on executive compensation issues and ensure all programs meet SEC, GAAP Accounting and FASB/IASB regulations, ISS guidelines, etc.•Designed, developed and prepared all materials for the Compensation Committee of the Board of Directors.•Responsible for executive compensation disclosures/SEC filings (including the proxy statement CD&A and Summary Compensation tables, 8-K).•Monitored internal, external, and peer group competitive position to ensure alignment and effectiveness of the company’s executive compensation programs.•Coordinated with the Committee’s independent compensation consultant as needed. •Conducted competitive benchmarking and survey analysis; researched and resolved issues of pay for internal equity and external competitiveness.•Performed research and detailed proxy analysis on executive pay plan design, methodology, and industry trends; provided extensive data reporting and materials for Board of Directors and/or Committee meetings and external filings.•Monitored executive compensation regulations to ensure compliance. •Prepared summary updates and periodic reports for senior management regarding developments in executive compensation.•Consulted with HR partners on complex executive hires, promotions, terminations and special arrangements related to compensation.•Responsible for addressing/resolving ad-hoc issues or requests from the senior executive team and the Board of Directors. In addition, liaised with personal tax and financial counselors for the senior executives and Board of Directors to facilitate effective use of their services.•Participated on acquisition due diligence and integration teams as subject matter expert on executive compensation.•Worked closely and effectively with key contacts in the functional areas of legal, finance, payroll, and tax, and manage frequent interaction with external consultants.

Cork, Ie

•Managed the Performance Based Increase (merit) process for 40,000 employees globally•Developed budgets based on market data for the Performance Based Increase (merit) process globally•Created communications and training materials for the Performance Based Increase (merit) process•Coordinates with legal and finance to determine the impact of changes to compensation programs•Implemented the Workday compensation planner for use during the Performance Based Increase (merit) process•Responsible for determining which compensation systems Tyco will use for their compensation programs•Member of the Tyco Analytics Committee and the HR Technology Advisory Board •Coordinated with HRIT and HRIS on all compensation system changes•Reviewed and researched Workday functionality to determine how to best utilize the system•Assessed Tyco's local bonus plans to ensure the proper metrics are in place in order to achieve Tyco's financial goals•Completed bench-marking and position analysis•Provided guidance to the equity team•Worked with senior leaders to review compensation issues in their businesses (retention, promotion, severance, etc.)•Provided compensation support to HR Business Partners and HR leaders•Maintained and develops Tyco's salary ranges•Trained in IPE job evaluation•Managed multiple vendors and vendor contracts

Cork, Ie

•Managed the equity conversion globally for the tax free separation of Tyco International into 3 companies - Tyco, The ADT Corporation, and Flow Control•Manage the day to day administration of the equity department including the grant process, vesting, exercises, terminations, and participant questions•Ensure all equity plans are administered in compliance with the governing plan and terms and conditions•Monitor global equity related tax and regulatory environment and ensure compliance with local filings, reporting, and withholding•Lead vendor management with outsourced administrator and transfer agent including monitoring service level agreements, business reviews, and system updates to improve operating efficiency and maintain a high level of customer satisfaction and compliance•Administer Section16b activity and 10b5-1 agreements•Monitor external practices and governance and propose plan and policy modifications, as appropriate•Support and interact with Legal, Treasury, Tax, Finance and Payroll as required regarding proxy reporting, 8K filings, FAS 123R analysis, and Sarbanes-Oxley 404 compliance

Cork, Ie

•Prepared monthly and quarterly share utilization and reconciliation reports•Managed the administration of the Tyco International Employee Stock Purchase Program•Managed the administration of the Tyco International Save As You Earn (SAYE) Scheme•Provided all necessary reports and documentation for Audit department•Managed system interfaces between payroll, HRIS and vendors•Ensured data integrity of equity data•Developed and deployed communication materials for equity participants•Updated and maintained procedures and process manuals

New York, Ny, Us

•Researched client requests relating to restricted/control stock. •Managed 144 transactions including sales, gifts, margins, remove legends, write-covered calls, option exercises and 10b5-1 plans•Corresponded with corporate counsels of Fortune 500 companies to ensure Merrill Lynch clients are compliant with SEC rules and regulations.•Trained and mentored new hires.

New York, Ny, Us

•Provided customer service to Merrill Lynch Equity Awards participants. •Managed stock option exercises, stock sales, and currency distribution requests. Supervised problems relating to plan rules and documentation.•Consistently achieved high marks in service metrics, including zero trade corrections, high levels of client satisfaction, and the highest performance statistics on the equity team for 2006•Trained to help participants with stock swaps. Trained to handle both equity, 401K, and retirement plans•Trained and mentored new employees. •Assisted in the migration of workstation platforms.•Series 7 and 66 licensed