CEO compensation doesn’t just reward annual results. The various components of executive compensation are for short-term, medium-term and long-term performance.
Increases in base salary, annual bonus and the amount realized from long-term equity awards all added up to a 14% increase in total compensation for U.S. Bancorp’s CEO Andrew Cecere in 2024.
Total compensation for year ended Dec. 31: $15,934,360
Salary: $1,400,000
Non-equity incentive pay: $4,929,400
Other compensation: $83,642
Exercised stock options: $96,354
Value realized on vesting shares: $9,424,964