Michael Whitaker
Administrator, Federal Aviation Administration
Observations
- Millionaire
Estimated Net Worth
- $4.0 M - $9.4 M
Salary
- Unknown
Employment
- Started 10/24/2023
Financial Disclosure Details - OGE Form 278e (04/23/2023)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
1 | Supernal | Washington, District of Columbia | Chief Operating Officer | Present |
2 | Supernal | Washington, District of Columbia | Chief Commercial Officer | 2/2023 |
3 | Supernal | Washington , District of Columbia | Chief Policy Officer | 1/2022 |
4 | Hyundai GAM (now Supernal) | Washington, District of Columbia | Head of Policy and Regulatory | 4/2022 |
5 | Matternet | Mountain View, California | Board Member | Present |
6 | ANRA Technologies | McLean, Virginia | Board Member | Present |
7 | Flight Safety Foundation | Alexandria, Virginia | Board Member | Present |
8 | Air & Space Law Journal, Wolters Kluwer | Alphen aan den Rijn, Netherlands, Outside U.S. | Member, Editorial Board | 9/2022 |
9 | Hanover, New Hampshire | Trustee | Present |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Supernal (Supernal is building an electric, vertical takeoff and landing aircraft.) | 2022-2023 Salary & Bonus | $1,216,827 | |
2 | Supernal (Supernal is building an electric, vertical takeoff and landing aircraft.) | Rent reimbursement for DC apartment. | $70,000 | |
3 | Matternet, vested stock options | $500,001 - $1,000,000 | None (or less than $201) | |
4 | ANRA Technologies, vested stock options | $50,001 - $100,000 | None (or less than $201) | |
5 | Supernal, 401(k) plan: | |||
5.1 | Dodge & Cox Income Fund Class X | $15,001 - $50,000 | None (or less than $201) | |
5.2 | Vanguard Institutional Target Retirement 2045 Fund Institutional Class Shares (VITLX) | $50,001 - $100,000 | None (or less than $201) | |
6 | Rollover IRA | |||
6.1 | Goldman Sachs ActiveBeta US Large Cap Equity ETF (GSLC) | $1,001 - $15,000 | None (or less than $201) | |
6.2 | Vanguard ESG International Stock ETF (VSGX) | $15,001 - $50,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
|---|---|---|---|---|
1 | Matternet | Mountain View, California | The options have vested. Upon my resignation from the board, I will divest my options or forfeit them. | 10/2018 |
2 | ANRA Technologies | McLean, Virginia | The options have vested. Upon my resignation from the board, I will divest my options or forfeit them. | 1/2019 |
3 | Supernal | Washington, District of Columbia | I am participating in this 401(k) plan with Supernal, my current employer. Upon my separation from Supernal, I will roll over the assets in this plan to my IRA. Upon separation, Supernal will not make further contributions upon my departure. | 4/2020 |
4 | Supernal | Washington, District of Columbia | Supernal reimburses me for my actual rental costs for a residence in Washington, DC up to a maximum of $70,000 per year. This arrangement will end upon my resignation from my position with Supernal. I received $70,000 rental reimbursement from Supernal in April 2023 covering the period of March 2023 through February 2024. If, upon confirmation, my monthly rental costs have not exceeded the $70,000 reimbursement, I will repay the remaining portion of the $70,000 upon my resignation from Supernal. | 3/2023 |
5 | Supernal | Washington, District of Columbia | I received a bonus for my work at Supernal in 2022. If I resign before the end of the year, I would not be entitled to a bonus. | 4/2020 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
1 | Supernal (formerly Hyundai GAM) | Washington, District of Columbia | Services as Chief Operating Officer (02/2023-present), Chief Commercial Officer (01/2022-02/2023), Chief Policy Officer (04/2021-01/2022), and Head of Policy & Regulatory (04/2021-04/2022). |
2 | Passur Aerospace | Stamford, Connecticut | I previously served as an advisory board member and departed in July 2020. This payment represented monies owed from service in 2020. |
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Good Neighbor Health Clinic | Hourly compensation | ||
2 | Town of Norwich (community nurse) | Hourly compensation | ||
3 | IRA | |||
3.1 | DFA International Sustainability Core 1 Portfolio (DFSPX) | $1,001 - $15,000 | None (or less than $201) | |
3.2 | PIMCO Income Fund Institutional Class Shares (PIMIX) | $15,001 - $50,000 | None (or less than $201) | |
4 | Beneficiary IRA | |||
4.1 | BaronEmerging Markets Fund Retail Class Shares (BEXFX) | $15,001 - $50,000 | None (or less than $201) | |
4.2 | DFA International Sustainability Core 1 Portfolio (DFSPX) | $50,001 - $100,000 | None (or less than $201) | |
4.3 | DFA US Sustainability Core 1 Portfolio Institutional Class Shares (DFSIX) | $100,001 - $250,000 | None (or less than $201) | |
4.4 | DFA Real Estate Securities Portfolio Institutional Class Shares (DFREX) | $50,001 - $100,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | U.S. bank #1 (cash) | $100,001 - $250,000 | None (or less than $201) | |
2 | Residential Real Estate, Ft. Lauderdale, FL | $250,001 - $500,000 | None (or less than $201) | |
3 | Brokerage Account #1 | |||
3.1 | DFA International Sustainability Core 1 Portfolio (DFSPX) | $15,001 - $50,000 | $201 - $1,000 | |
3.2 | DFA US Sustainability Core 1 Portfolio Institutional Class Shares (DFSIX) | $15,001 - $50,000 | $201 - $1,000 | |
3.3 | PIMCO Income Fund Institutional Class Shares (PIMIX) | $1,001 - $15,000 | $201 - $1,000 | |
4 | Brokerage Account #2 | |||
4.1 | DFA US Sustainability Core 1 Portfolio Institutional Class Shares (DFSIX) | $15,001 - $50,000 | $201 - $1,000 | |
4.2 | Vanguard ESG International Stock ETF (VSGX) | $15,001 - $50,000 | $201 - $1,000 | |
4.3 | DFA Emerging Markets Sustainability Core 1 Portfolio Institutionl Class Sh (DESIX) | $15,001 - $50,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
Nothing reported in this section | ||||
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
1 | Ledyard Bank | $500,001 - $1,000,000 | 2020 | 15 years |
2 | Ledyard Bank | $100,001 - $250,000 | 2020 | 30 year |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
Nothing reported in this section | ||
Do you have information about Michael Whitaker that is missing from this database?
Drop us a line at info@insidebidensbasement.org.