In 2021, Michael L. Corbat earned $8.58M in total compensation at Citigroup, including $250.00K salary and $8.31M in stock. Most recently acquired 97,299 shares in Feb 2021. Currently holds stock worth $74.26M. Led Citigroup as CEO for 8 years.
Compensation History
Annual executive compensation data for Michael L. Corbat, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$8.58M
Salary
$250.00K
Bonus
$0.00
Other
$17.40K
Salary
$250.00KBoard Justification
Citi's compensation philosophy emphasizes alignment with performance and shareholder interests, focusing on risk management and ethical standards.
Bonus
$0.00Board Justification
No cash bonus was awarded for 2021 as he was not serving as CEO during the full year.
Other Compensation
$17.40KBoard Justification
Other compensation includes retirement plan contributions and other benefits.
Restricted Stock
Board Justification
The stock that vested in 2021 includes Performance Share Units and Deferred Stock Awards from previous years, which were settled in 2021.
Performance Metrics
The performance metrics for determining compensation included financial results, risk management effectiveness, and leadership performance.
Michael L. Corbat
Ex-CEO of Citigroup
Education
Bachelor's degree in economics from Harvard University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
March 1, 1968 - 57 years ago
CEO of Citigroup for
8 years 4 months (Oct 2012 - Feb 2021)
Previous Experience
CEO of Citi Holdings, CEO of Global Wealth Management, Head of Global Corporate Bank and Global Commercial Bank at Citi.
Holdings
Track Michael L. Corbat's stock holdings and portfolio value over time.
Total Stock Sold
$6.04M
$6.04M
104,302.4 C shares
What if they kept their stock?
If Michael L. Corbat didn't sell their stock, today they would have:
Extra C104,302.4 shares worth $11.24M.
This is 86.21% and $5.21M more than what they got when they sold the stock.
Insider Trading
Michael L. Corbat's recent stock transactions, purchases, and sales filed with the SEC.
97,299.29 shares
C
Feb 11, 2021
Received
99,794.71 shares
C
Feb 13, 2020
Received
126,145.32 shares
C
Feb 14, 2019
Received
101,088.12 shares
C
Feb 15, 2018
Received
$5.01M
C at $60.10/share
Feb 16, 2017
Sale
83,285.18 shares
C
Feb 16, 2017
Received
121,457.49 shares
C
Feb 16, 2016
Received
$1.03M
C at $41.05/share
Jan 20, 2016
Purchase
68,222.2 shares
C
Feb 18, 2015
Received
78,527.7 shares
C
Feb 18, 2014
Received
Rivals
Compare Michael L. Corbat with competitor CEOs and industry peers.
David M. Solomon
CEO of Goldman Sachs Group
2024 Compensation
Stock
$23.70M
Salary
$2.00M
Bonus
$8.33M
Other
$1.13M
Total Holdings
$80.00M
Ed Bastian
CEO of Delta Air Lines
2023 Compensation
Stock
$19.03M
Salary
$950.00K
Bonus
$9.60M
Other
$371.18K
Total Holdings
$136.07M
William S. Demchak
CEO of PNC Financial Services
2023 Compensation
Stock
$11.60M
Salary
$1.20M
Bonus
$4.41M
Other
$797.60K
Total Holdings
$469.09K
Jamie Dimon
CEO of JPMorgan Chase
2024 Compensation
Stock
$57.26M
Salary
$1.50M
Bonus
$5.00M
Other
$0.00
Total Holdings
$40.88M
Robin Vince
CEO of Bank of New York Mellon
2023 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$5.43M
Other
$50.31K
Total Holdings
$28.59M