Jeffrey M. Peek
2007
In 2007, Jeffrey M. Peek earned a total compensation of $11.9M as Chairman and Chief Executive Officer at CIT Group, a 14% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $885,910 |
|---|---|
| Option Awards | $3,976,929 |
| Salary | $800,000 |
| Stock Awards | $6,054,021 |
| Other | $148,219 |
| Total | $11,865,079 |
Peek received $6.1M in stock awards, accounting for 51% of the total pay in 2007.
Peek also received $885.9K of change in pension value and nonqualified deferred compensation earnings, $4M in option awards, $800K in salary and $148.2K in other compensation.
Rankings
In 2007, Jeffrey M. Peek's compensation ranked 209th out of 8,700 executives tracked by ExecPay. In other words, Peek earned more than 97.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 209 out of 8,700 | 98th |
Division Finance, Insurance, And Real Estate | 72 out of 1,930 | 96th |
Major group Depository Institutions | 24 out of 931 | 97th |
Industry group Commercial Banks | 23 out of 793 | 97th |
Industry National Commercial Banks | 15 out of 327 | 95th |
Source: SEC filing on March 31, 2010.
Peek's colleagues
We found two more compensation records of executives who worked with Jeffrey M. Peek at CIT Group in 2007.