Michael Corbat
2016
In 2016, Michael Corbat earned a total compensation of $13.4M as CEO at Citigroup, a 8% decrease compared to previous year.
Compensation breakdown
| Bonus | $4,200,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,271 |
| Non-Equity Incentive Plan | $1,848 |
| Salary | $1,500,000 |
| Stock Awards | $7,645,356 |
| Other | $30,283 |
| Total | $13,381,758 |
Corbat received $7.6M in stock awards, accounting for 57% of the total pay in 2016.
Corbat also received $4.2M in bonus, $4.3K of change in pension value and nonqualified deferred compensation earnings, $1.8K in non-equity incentive plan, $1.5M in salary and $30.3K in other compensation.
Rankings
In 2016, Michael Corbat's compensation ranked 292nd out of 14,075 executives tracked by ExecPay. In other words, Corbat earned more than 97.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 292 out of 14,075 | 98th |
Division Finance, Insurance, And Real Estate | 54 out of 3,060 | 98th |
Major group Depository Institutions | 11 out of 1,387 | 99th |
Industry group Commercial Banks | 11 out of 1,099 | 99th |
Industry National Commercial Banks | 10 out of 359 | 97th |
Source: SEC filing on March 15, 2017.
Corbat's colleagues
We found four more compensation records of executives who worked with Michael Corbat at Citigroup in 2016.