Of her new total compensation, almost US$11.6 million is in the form of deferred stock, and US$16.5 million is in performance share units, according to a regulatory filing Tuesday.
Citigroup lifted CEO Jane Fraser’s total compensation to US$34.5 million ($46.31 million) for 2024 — up a third from the previous year — as she continues to drive a plan for higher returns at the Wall Street bank.
Fraser’s pay, the vast majority of which is in the form of stock-linked awards, is up from the US$26 million she received for 2023 and represents the biggest raise among CEOs of large US banks.
