In 2023, Jonathan W. Witter earned $14.01M in total compensation at SLM, including $1.10M salary, $2.48M bonus and $10.40M in stock. Currently holds stock worth $92.24M. Led SLM as CEO for 2 years.
Compensation History
Annual executive compensation data for Jonathan W. Witter, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$14.01M
Salary
$1.10M
Bonus
$2.48M
Other
$35.03K
Salary
$1.10MBoard Justification
The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring that executive compensation is competitive and linked to the achievement of strategic goals.
Bonus
$2.48MBoard Justification
The bonus is based on the 2023 Annual Incentive Plan (AIP) performance metrics, which include Pre-Tax, Pre-Provision, Pre-Operating Expense Income Per Share, Private Education Loan Originations, Operating Expenses Excluding FDIC Expense, and Net Charge-Offs, resulting in a payout of 118.3% of the target.
Other Compensation
$35.03KBoard Justification
Other compensation includes employer contributions to defined contribution plans and an executive physical benefit.
Restricted Stock
Board Justification
The vested stock includes RSUs that were granted in previous years and vested in 2023, with a total of 696,173 shares vested during the year.
Performance Metrics
The performance metrics for determining the compensation include financial performance measures such as Pre-Tax, Pre-Provision, Pre-Operating Expense Income Per Share, Private Education Loan Originations, Operating Expenses Excluding FDIC Expense, and Net Charge-Offs.
Jonathan W. Witter
Ex-CEO of SLM
Education
Not specified
Sector of Economy
Financial Services
Born
January 1, 1963 - 62 years ago
CEO of SLM for
2 years 8 months (Apr 2020 - Jan 2023)
Previous Experience
Not specified
Holdings
Track Jonathan W. Witter's stock holdings and portfolio value over time.
Total Stock Sold
$10.35M
$3.99M
35,325 HLT shares
$6.36M
89,890 COF shares
What if they kept their stock?
If Jonathan W. Witter didn't sell their stock, today they would have:
Extra HLT35,325 shares worth $9.62M and COF89,890 shares worth $20.74M.
This is 193.2% and $20.00M more than what they got when they sold the stock.
Insider Trading
Jonathan W. Witter's recent stock transactions, purchases, and sales filed with the SEC.
36,652 shares
HLT
Mar 3, 2020
Received
Rivals
Compare Jonathan W. Witter with competitor CEOs and industry peers.
Timothy S. Crane
CEO of Wintrust Financial
2023 Compensation
Stock
$276.30K
Salary
$1.00M
Bonus
$1.14M
Other
$33.85K
Total Holdings
$10.29M
David L. Yowan
CEO of Navient
2023 Compensation
Stock
$1.60M
Salary
$800.00K
Bonus
$729.83K
Other
$6.26K
Total Holdings
$15.24M
Vincent J. Delie, Jr.
CEO of F.N.B. Corporation
2023 Compensation
Stock
$11.00M
Salary
$1.19M
Bonus
$0.00
Other
$649.18K
Total Holdings
$24.28M
Brian Doubles
CEO of Synchrony Financial
2023 Compensation
Stock
$0.00
Salary
$1.15M
Bonus
$3.87M
Other
$613.41K
Total Holdings
$42.94M