CEO Paywatch: Ameriprise CEO's pay more than triples to $59M after taking stock options in 2020
March 22, 2021 at 3:56PM
Ameriprise Financial
Chairman, chief executive
Total compensation: $59,368,661 for the year ended Dec. 31
Salary: $1,025,000
Non-equity incentive pay: $5,612,000
Other compensation: $526,151
Exercised stock options: $38,598,023
Value realized on vesting shares: $13,607,487
New stock options: 77,932
CEO pay ratio: 166 to 1
Median employee pay: $125,720
Total 2020 shareholder return: 19.8%
Note: Cracchiolo's realized compensation increased 260% over the previous year, mainly because he exercised $38.6 million in previously issued stock options after not exercising any in 2019.
Cracchiolo, the only CEO of Ameriprise since it spun out of American Express in 2005, earned a $5.6 million cash incentive award for the company's 2020 results, 3% less than the previous year.
While some companies have adjusted financial goals for 2020 because of the pandemic, the board of directors did not make any adjustments after the company navigated through the pandemic comparatively smoothly.
The value of Ameriprise stock, like others, fell sharply in March and April of 2020. It recovered, produced a 19.8% total return for 2020 and is currently trading near all-time highs.
Patrick Kennedy
about the writer
The point of a DAF is to put money in the hands of charities, not grow it like another investment account.
