In 2018, David W. Nelms earned $13.41M in total compensation at Discover Financial Services, including $1.10M salary, $2.09M bonus and $10.17M in stock. Most recently acquired 82 shares in Sep 2024. Currently holds stock worth $4.43M. Led Discover Financial Services as CEO for 14 years.
Compensation History
Annual executive compensation data for David W. Nelms, including salary, bonuses, and stock awards.
Year
2018
Total Compensation
$13.41M
Salary
$1.10M
Bonus
$2.09M
Other
$48.76K
Salary
$1.10MBoard Justification
The compensation program is designed to attract, retain and motivate our NEOs, who are critical to our success, with a focus on pay for performance and alignment with shareholder interests.
Bonus
$2.09MBoard Justification
The annual cash short-term incentive earned for the year and paid to the NEOs within the first two and a half months of the following year if employed on the payment date.
Other Compensation
$48.76KBoard Justification
Represents the incremental cost to the Company of providing certain perquisites and other personal benefits, including 401(k) contributions and charitable contributions.
Restricted Stock
Board Justification
Represents the aggregate grant date fair value of RSU and PSU awards granted to the NEOs pursuant to FASB ASC Topic 718. The value of PSUs is based on the probable outcome of the performance conditions on the grant date.
Performance Metrics
The primary factor considered for compensation decisions was the Company's PBTR, which was $4,020 million, along with other performance factors including net income, ROE, EPS, total revenue, net charge-offs, and operating expenses.
David W. Nelms
Ex-CEO of Discover Financial Services
Education
Bachelor's degree in economics from the University of Chicago.
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
September 15, 1964 - 61 years ago
CEO of Discover Financial Services for
14 years 1 month (Sep 2004 - Oct 2018)
Previous Experience
President of Discover Financial Services and various executive positions within the company since its inception.
Other Discover Financial Services CEOs
Holdings
Track David W. Nelms's stock holdings and portfolio value over time.
Insider Trading
David W. Nelms's recent stock transactions, purchases, and sales filed with the SEC.
81.91 shares
CDW
Sep 10, 2024
Received
78.59 shares
CDW
Jun 11, 2024
Received
70.4 shares
CDW
Mar 12, 2024
Received
860 shares
CDW
Mar 6, 2024
Received
78.14 shares
CDW
Dec 12, 2023
Received
77.25 shares
CDW
Sep 12, 2023
Received
91.72 shares
CDW
Jun 13, 2023
Received
214 shares
CDW
May 4, 2023
Received
83.54 shares
CDW
Mar 10, 2023
Received
835 shares
CDW
Feb 15, 2023
Received
Rivals
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