In 2012, Vikram Pandit earned $9.35M in total compensation at Citigroup, including $1.75M salary, $2.66M bonus and $3.81M in stock. Most recently acquired 130,947 shares in Jan 2012. Led Citigroup as CEO for 4 years.
Compensation History
Annual executive compensation data for Vikram Pandit, including salary, bonuses, and stock awards.
Year
2012
Total Compensation
$9.35M
Salary
$1.75M
Bonus
$2.66M
Other
$1.13M
Salary
$1.75MBoard Justification
Citi's compensation philosophy emphasizes alignment of executive pay with performance, focusing on long-term shareholder value and prudent risk management.
Bonus
$2.66MBoard Justification
The bonus was awarded based on Citi's operating performance in 2012 and Mr. Pandit's contributions to Citi, reflecting a 50% reduction from his 2011 annual incentive award of $13.3 million due to his partial year of service as CEO.
Other Compensation
$1.13MBoard Justification
Other compensation includes contributions to retirement plans and other benefits that were vested or paid out in 2012.
Restricted Stock
Board Justification
The stock award that vested in 2012 was part of the Capital Accumulation Program, which is subject to a four-year vesting schedule, and the value is based on the stock price at the time of vesting.
Performance Metrics
Citi's performance metrics for 2012 included total shareholder return, net income, and other financial indicators that reflect the company's operational success.
Vikram Pandit
Ex-CEO of Citigroup
Education
N/A
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1966 - 59 years ago
CEO of Citigroup for
4 years 10 months (Dec 2007 - Oct 2012)
Previous Experience
Chairman and CEO of the Institutional Clients Group at Citi, founding member and chairman of Old Lane, LP, and held senior positions at Morgan Stanley.
Holdings
Track Vikram Pandit's stock holdings and portfolio value over time.
Insider Trading
Vikram Pandit's recent stock transactions, purchases, and sales filed with the SEC.
Rivals
Compare Vikram Pandit with competitor CEOs and industry peers.
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