Banking
Citizens Financial Group Executive Compensation (FY25)
CFG · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 24, 2026
280 figures on this page: 272 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Total compensation for Bruce Van Saun, Chairman and Chief Executive Officer, came to $12,513,920 in fiscal 2025, and Van Saun's total moved 17.7% higher from the $10,630,796 reported for fiscal 2024. Meanwhile, the company reported a chief executive pay ratio of 155:1 for fiscal 2025, against median employee compensation of $80,559. Separately, the say-on-pay proposal drew 91.4% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025; companies named in the disclosed peer group include Comerica Corporation, Fifth Third Bancorp, Huntington Bancshares, KeyCorp and M&T Bank Corporation, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Bruce Van Saun: $10,630,796 → $12,513,920 (17.7% higher)
Say-on-pay support: 58.8% → 91.4% (32.6 points higher)
CEO pay ratio: 136:1 → 155:1 (14.0% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Citizens Financial Group's chief executive and what were they paid?
Total compensation for Bruce Van Saun, Chairman and Chief Executive Officer, came to $12,513,920 in fiscal 2025. Van Saun's total moved 17.7% higher from the $10,630,796 reported for fiscal 2024.
What was Citizens Financial Group's say-on-pay result?
The say-on-pay proposal drew 91.4% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025.
Which companies are in Citizens Financial Group's peer group?
Companies named in the disclosed peer group include Comerica Corporation, Fifth Third Bancorp, Huntington Bancshares, KeyCorp and M&T Bank Corporation, among others.
What is Citizens Financial Group's chief executive pay ratio?
The company reported a chief executive pay ratio of 155:1 for fiscal 2025, against median employee compensation of $80,559.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Bruce Van Saun Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Woods Vice Chair and Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Donald McCree III Vice Chair and Head of Commercial Banking | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Brendan Coughlin Vice Chair and Head of Consumer Banking | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Malcolm Griggs Former Executive Vice President and Chief Risk Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Brendan Coughlin Vice Chair and Head of Consumer Banking | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John Woods Vice Chair and Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Bruce Van Saun Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Elizabeth Johnson Former Vice Chair and Chief Experience Officer Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Donald McCree III Senior Vice Chair and Head of Commercial Banking | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Bruce Van Saun Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Brendan Coughlin President and Head of Consumer, Private Banking, and Wealth | ◇ | ◇ | ◇ | — | — | ◇ | ◇ | ◇ |
Donald H. McCree III Chair of Commercial Banking | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Aunoy Banerjee Executive Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Theodore Swimmer Executive Vice President and Head of Commercial Banking | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
John F. Woods Former Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Christopher Emerson Former Interim Chief Financial Officer Departed during or after this year Served on an interim basis | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Aunoy Banerjee | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brendan Coughlin | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Brendan Coughlin | PSU | ◇ | — | — withheld | — | ◇ | — | ◇ |
| Bruce Van Saun | PSU | ◇ | — | — withheld | — | ◇ | — | ◇ |
| Bruce Van Saun | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Christopher Emerson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Donald H. McCree III | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Donald H. McCree III | PSU | ◇ | — | — withheld | — | ◇ | — | ◇ |
| John F. Woods | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| John F. Woods | PSU | ◇ | — | — withheld | — | ◇ | — | ◇ |
| Theodore Swimmer | PSU | ◇ | — | — withheld | — | ◇ | — | ◇ |
| Theodore Swimmer | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Christopher Emerson | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Theodore Swimmer | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Donald McCree | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Bruce Saun | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Brendan Coughlin | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Aunoy Banerjee | PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Edward J. Kelly III Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Christine M. Cumming | ◇ | ◇ | — | — | — | — | ◇ |
Tracy A. Atkinson | ◇ | ◇ | — | — | — | ◇ | ◇ |
William P. Hankowsky | ◇ | ◇ | — | — | — | — | ◇ |
Lee Alexander | ◇ | ◇ | — | — | — | ◇ | ◇ |
Terrance J. Lillis | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert Leary | ◇ | ◇ | — | — | — | — | ◇ |
Kevin Cummings | ◇ | ◇ | — | — | — | ◇ | ◇ |
Michele Siekerka | ◇ | ◇ | — | — | — | ◇ | ◇ |
Claude E. Wade | ◇ | ◇ | — | — | — | — | ◇ |
Christopher J. Swift | ◇ | ◇ | — | — | — | — | ◇ |
Marita Zuraitis | ◇ | ◇ | — | — | — | — | ◇ |
Wendy A. Watson | ◇ | — | — | — | — | — | ◇ |
Bruce Van Saun served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($525,000)
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Comerica Corporation CMA
- Fifth Third Bancorp FITB
- Huntington Bancshares HBAN
- KeyCorp KEY
- M&T Bank Corporation MTB
- PNC Financial Services Group PNC
- Regions Financial Corporation RF
- Truist Financial TFC
- U.S. Bancorp USB
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 23, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 24, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 25, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 27, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 28, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 22, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 23, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 25, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Citizens Financial Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Citizens Financial Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
280 figures on this page: 272 cited to the filing that reported them, 8 calculated from figures it prints.
272 cited to the filing
8 calculated from the filing
Documents cited
- 0000759944-26-000073Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000759944-26-0000642025 Director Compensation Table · 2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · CEO Pay Ratio · and 3 more sections
- 0000759944-25-000067Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000759944-25-0000442024 Summary Compensation Table
- 0000759944-24-000083Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000759944-24-0000542023 Summary Compensation Table
- 0000759944-23-000062Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-22-133981Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000759944-21-000054Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-119177Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-19-122345Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Citizens Financial Group executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CFG (accessed 2026).
Short form: data: Velarion
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Peers Citizens Financial Group discloses
The companies named in CFG's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}