Citizens Financial Group CEO Bruce Van Saun's 2021 pay slips 13% to $12M
Citizens Financial Group reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
Citizens Financial Group reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, five executives at Citizens Financial Group received on average a compensation package of $5.4M, a 12% decrease compared to previous year.
Average pay of disclosed executives at Citizens Financial Group
Bruce Van Saun, Chief Executive Officer, received $12M in total, which decreased by 13% compared to 2020. 63% of Van Saun's compensation, or $7.8M, was in stock awards. Van Saun also received $2.9M in bonus, $1.5M in salary, as well as $173K in other compensation.
For fiscal year 2021, the median employee pay was $82,418 at Citizens Financial Group. Therefore, the ratio of Bruce Van Saun's pay to the median employee pay was 151 to one.
John Woods, Chief Financial Officer, received a compensation package of $4.8M, which decreased by 11% compared to previous year. 62% of the compensation package, or $3M, was in stock awards.
Donald H. McCree III, Chairman, earned $4.8M in 2021, a 14% decrease compared to previous year.
Malcolm Griggs, General Counsel, received $2.5M in 2021, which decreases by 7% compared to 2020.
Brendan Coughlin, Executive Vice President Head of Consumer Banking, earned $2.4M in 2021.
Related executives
Bruce Van Saun
Citizens Financial Group
Chief Executive Officer
John Woods
Citizens Financial Group
Chief Financial Officer
Donald McCree
Citizens Financial Group
Chairman
Malcolm Griggs
Citizens Financial Group
General Counsel
Brendan Coughlin
Citizens Financial Group
Executive Vice President Head of Consumer Banking
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Source: SEC filing on March 11, 2022.