In 2023, Larry D. Zimpleman earned $12.03M in total compensation at Principal Financial Group, including $1.05M salary, $3.31M bonus and $7.33M in stock. Most recently sold 11 shares in Mar 2016. Currently holds stock worth $23.06M. Has led Principal Financial Group for over 17 years.
Compensation History
Annual executive compensation data for Larry D. Zimpleman, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$12.03M
Salary
$1.05M
Bonus
$3.31M
Other
$343.29K
Salary
$1.05MBoard Justification
The compensation program is designed to align the interests of executives and shareholders, maintaining a culture of pay for performance, with a significant portion of total compensation tied to Company and individual performance in achieving short- and long-term financial and strategic goals.
Bonus
$3.31MBoard Justification
Based on the Company’s 2023 annual performance achievements, the PrinPay score in the annual incentive program was earned at 85% of target, with individual modifiers ranging between 95% and 110%.
Other Compensation
$343.29KBoard Justification
Includes perquisites such as the value of an annual physical examination, business spousal travel, and gifts given to all sales conference attendees.
Restricted Stock
Board Justification
91,515 shares of PSUs vested based on performance against established targets for the 2021-2023 performance cycle.
Performance Metrics
Performance metrics include Non-GAAP operating earnings, customer revenue growth metrics, diversity index score, and a free capital flow modifier.
Larry D. Zimpleman
CEO of Principal Financial Group
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
CEO of Principal Financial Group for
17 years 7 months (May 2008 - Present)
Previous Experience
President and Chief Operating Officer at Principal Financial Group, Inc.
Other Principal Financial Group CEOs
Holdings
Track Larry D. Zimpleman's stock holdings and portfolio value over time.
Total Stock Sold
$12.80M
$12.80M
306,438 PFG shares
What if they kept their stock?
If Larry D. Zimpleman didn't sell their stock, today they would have:
Extra PFG306,438 shares worth $26.82M.
This is 109.59% and $14.02M more than what they got when they sold the stock.
Insider Trading
Larry D. Zimpleman's recent stock transactions, purchases, and sales filed with the SEC.
11 shares
PFG
Mar 25, 2016
Received
45,968 shares
PFG
Feb 22, 2016
Received
1,087 shares
PFG
Jan 4, 2016
Received
$454.00K
PFG at $45.40/share
Dec 14, 2015
Sale
$494.90K
PFG at $49.49/share
Oct 21, 2015
Sale
$482.50K
PFG at $48.25/share
Oct 14, 2015
Sale
49,847 shares
PFG
Feb 23, 2015
Received
32,601 shares
PFG
Feb 24, 2014
Received
157 shares
PFG
Dec 27, 2013
Received
$5.10M
PFG at $47.12/share
Oct 25, 2013
Sale
Rivals
Compare Larry D. Zimpleman with competitor CEOs and industry peers.
John F. Woods
CEO of Citizens Financial Group
2023 Compensation
Stock
$150.00K
Salary
$950.00K
Bonus
$300.00K
Other
$100.00K
Total Holdings
$11.21M
Jim Cracchiolo
CEO of Ameriprise Financial
2023 Compensation
Stock
$0.00
Salary
$1.25M
Bonus
$8.38M
Other
$0.00
Total Holdings
$56.18M
Ronald J. Kruszewski
CEO of Stifel Financial
2023 Compensation
Stock
$0.00
Salary
$200.00K
Bonus
$2.26M
Other
$822.06K
Total Holdings
$123.55M
Zachary J. Wasserman
CEO of Huntington Bancshares
2022 Compensation
Stock
$0.00
Salary
$1.10M
Bonus
$0.00
Other
$474.99K
Total Holdings
$229.24K
Robin M. Raju
CEO of Equitable Holdings
2022 Compensation
Stock
$10.60M
Salary
$1.25M
Bonus
$0.00
Other
$953.42K
Total Holdings
$7.75M