Nelson J. Chai
2012
In 2012, Nelson J. Chai earned a total compensation of $5M as President of CIT Group Inc. & North American Commercial Finance, and Chairman and CEO of CIT Bank at CIT Group, a 196% increase compared to previous year.
Compensation breakdown
| Bonus | $1,160,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $79,530 |
| Salary | $736,538 |
| Stock Awards | $3,008,333 |
| Other | $8,460 |
| Total | $4,992,861 |
Chai received $3M in stock awards, accounting for 60% of the total pay in 2012.
Chai also received $1.2M in bonus, $79.5K of change in pension value and nonqualified deferred compensation earnings, $736.5K in salary and $8.5K in other compensation.
Rankings
In 2012, Nelson J. Chai's compensation ranked 1,213th out of 11,487 executives tracked by ExecPay. In other words, Chai earned more than 89.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,213 out of 11,487 | 89th |
Division Finance, Insurance, And Real Estate | 232 out of 2,573 | 91st |
Major group Depository Institutions | 57 out of 1,147 | 95th |
Industry group Commercial Banks | 53 out of 919 | 94th |
Industry National Commercial Banks | 41 out of 331 | 88th |
Source: SEC filing on April 2, 2015.
Chai's colleagues
We found four more compensation records of executives who worked with Nelson J. Chai at CIT Group in 2012.