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.
• Created a pay equity strategy to ensure fairness and equality throughout different levels and pay grades.

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.
• Collaborated with HR partners to ensure compensation plans and programs met the needs of employees and the company.

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.

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

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.
• Administer Section16b activity and 10b5-1 agreements

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

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.