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Discover Financial Services Executive Compensation (FY23)

DFS · Executive and director compensation, fiscal 2023 only

The paid brief on Discover Financial Services

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 10, 2024
9 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Discover Financial Services brief$1,500Get the executive brief
217 figures on this page: 209 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2023
◇
John Owen
Latest say-on-pay support
=
May 9, 2024
Chief executive pay ratio
◇
To the median employee

More on Discover Financial Services

Five data products on this company. Each one is requested through the developer setup page.

Frequently asked questions

Answers drawn from the data on this page.
Who is Discover Financial Services' chief executive and what were they paid?
Total compensation for John Owen, Interim CEO and President, came to $2,188,651 in fiscal 2023.
What was Discover Financial Services' say-on-pay result?
The say-on-pay proposal drew 91.9% of votes cast including abstentions in favor at the meeting held May 9, 2024 for fiscal 2023.
Which companies are in Discover Financial Services' peer group?
The disclosed peer group includes Ally Financial, Inc., American Express Company, Capital One Financial Corporation, Citizens Financial Group, Inc. and Comerica Incorporated, among others.
What is Discover Financial Services' chief executive pay ratio?
The company reported a chief executive pay ratio of 145:1 for fiscal 2023, against median employee compensation of $59,905.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hope Mehlman
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary
◇◇◇—◇—◇◇
John Greene
Executive Vice President, CFO
◇—◇—◇—◇◇
Daniel Capozzi
Executive Vice President, President- Consumer Banking
◇—◇—◇◇◇◇
Keith Toney
Executive Vice President, President- Credit & Decision Management
◇—◇—◇—◇◇
John Owen
Interim CEO and President
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 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Carlos M. MinettiPSU◇—◇—◇—◇
Carlos M. MinettiRSU◇——◇——◇
Daniel P. CapozziRSU◇——◇——◇
Daniel P. CapozziPSU◇—◇—◇—◇
Hope D. MehlmanPSU◇—◇—◇—◇
Hope D. MehlmanRSU◇——◇——◇
Hope D. MehlmanRSU◇——◇——◇
John B. OwenRSU◇——◇——◇
John B. OwenRSU◇——◇——◇
John T. GreeneRSU◇——◇——◇
John T. GreenePSU◇—◇—◇—◇
Keith E. ToneyPSU◇—◇—◇—◇
Keith E. ToneyRSU◇——◇——◇
Keith E. ToneyRSU◇——◇——◇
Roger C. HochschildPSU◇—◇—◇—◇
Roger C. HochschildRSU◇——◇——◇
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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
John GreeneRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Daniel CapozziPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Keith ToneyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
John OwenRSU◇◇——
RSU◇◇——
Hope MehlmanPSU◇◇——
RSU◇◇——
RSU◇◇——
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 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas G. Maheras
◇◇————◇
Candace H. Duncan
◇◇————◇
David L. Rawlinson II
◇◇————◇
Joseph F. Eazor
◇◇————◇
Gregory C. Case
◇◇————◇
Mark A. Thierer
◇◇————◇
Beverley A. Sibblies
◇◇————◇
Jennifer L. Wong
◇◇————◇
Jeffrey S. Aronin
◇◇————◇
Daniela O'Leary-Gill
◇◇————◇
Mary K. Bush
◇◇————◇
J. Michael Shepherd
◇◇————◇
Kathy L. Lonowski
◇◇————◇
Michael H. Moskow
◇—————◇
Cynthia A. Glassman
◇—————◇
John B. Owen and Michael G. Rhodes served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
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◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer within 5 years of appointment

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • Ally Financial, Inc. ALLY
  • American Express Company AXP
  • Capital One Financial Corporation COF
  • Citizens Financial Group, Inc. CFG
  • Comerica Incorporated CMA
  • Fidelity National Information Services, Inc. FIS
  • Fifth Third Bancorp FITB
  • Fiserv, Inc. FI
  • KeyCorp KEY
  • M&T Bank Corporation MTB
  • Mastercard Incorporated MA
  • PayPal Holdings, Inc. PYPL
  • Regions Financial Corporation RF
  • Synchrony Financial SYF
  • Visa Inc. V

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 11, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Discover Financial Services disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Discover Financial Services 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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
217 figures on this page: 209 cited to the filing that reported them, 8 calculated from figures it prints.
209 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-24-136281
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001393612-24-000020
    2023 Summary compensation table · 2023 director compensation · CEO Pay Ratio · Director compensation · and 3 more sections
  3. 0001193125-23-143589
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-22-156188
  5. 0001193125-21-153388
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-20-144166
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-19-151970
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-18-156114
  9. 0001193125-17-172380
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Discover Financial Services executive compensation, FY2023.” https://intel.velarion.ai/comp/DFS (accessed 2026).
Short form: data: Velarion

The paid brief for Discover Financial Services

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
9 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Discover Financial Services discloses

The companies named in DFS's own disclosed peer group.

Ally Financial, Inc.American Express CompanyCapital One Financial CorporationCitizens Financial Group, Inc.Comerica IncorporatedFidelity National Information Services, Inc.Fifth Third BancorpKeyCorpM&T Bank CorporationMastercard IncorporatedPayPal Holdings, Inc.Regions Financial CorporationSynchrony FinancialVisa Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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