David W. Nelms has a significant stake in Discover Financial Services, where he has seen substantial increases in value over the years. His most notable holdings came from performance-based stock units that are tied to the company's success. For instance,...
David W. Nelms has a significant stake in Discover Financial Services, where he has seen substantial increases in value over the years. His most notable holdings came from performance-based stock units that are tied to the company's success. For instance, in 2018, he saw his total compensation reach over $10 million, showing the level of alignment between his performance and the company's goals. He received around $6.9 million in stocks that year, primarily from PSUs that incentivize long-term growth. Earlier, in the years leading up to his current holdings, most of his compensation was cash-based, highlighting how his focus has shifted towards equity and long-term company performance. Nelms also received a retention grant in 2013, further tying his wealth to Discover's performance. His stock wealth today continues to showcase his long-term commitment to the company's success.