Discover Financial Services Executive Compensation (FY23)
DFS · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023 ◇ John Owen | Median of the other named officers $4,085,328 7 officers, excluding the chief executive | Latest say-on-pay support = May 9, 2024 | Chief executive pay ratio ◇ To the median employee |
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Data as of November 5, 2026Latest filing (8-K): May 10, 2024
9 filings cited on this page
Method: intel.velarion.ai/methodology
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250 figures on this page: 242 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
More on Discover Financial Services
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
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 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Roger Hochschild Former CEO and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Capozzi Executive Vice President, President- Consumer Banking | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Greene Executive Vice President, CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Amir Arooni Former EVP, Chief Information Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Roger Hochschild Former CEO and President Departed during or after this year | ◇ | — | ◇ | — | — | ◇ | ◇ | ◇ |
Hope Mehlman Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Carlos Minetti Former EVP, President - Consumer Banking Departed during or after this year | ◇ | — | ◇ | — | — | ◇ | ◇ | ◇ |
John Greene Executive Vice President, CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Capozzi Executive Vice President, President- Consumer Banking | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Amir Arooni Former EVP, Chief Information Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Carlos M. Minetti | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Carlos M. Minetti | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Daniel P. Capozzi | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Daniel P. Capozzi | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Hope D. Mehlman | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Hope D. Mehlman | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Hope D. Mehlman | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| John B. Owen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| John B. Owen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| John T. Greene | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| John T. Greene | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Keith E. Toney | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Keith E. Toney | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Keith E. Toney | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Roger C. Hochschild | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Roger C. Hochschild | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Daniel Capozzi | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| John Greene | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Keith Toney | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Hope Mehlman | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| John Owen | 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
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Thomas G. Maheras | ◇ | ◇ | — | — | — | — | ◇ |
Candace H. Duncan | ◇ | ◇ | — | — | — | — | ◇ |
David L. Rawlinson II | ◇ | ◇ | — | — | — | — | ◇ |
Joseph F. Eazor | ◇ | ◇ | — | — | — | — | ◇ |
Mark A. Thierer | ◇ | ◇ | — | — | — | — | ◇ |
Gregory C. Case | ◇ | ◇ | — | — | — | — | ◇ |
Beverley A. Sibblies | ◇ | ◇ | — | — | — | — | ◇ |
Jennifer L. Wong | ◇ | ◇ | — | — | — | — | ◇ |
Jeffrey S. Aronin | ◇ | ◇ | — | — | — | — | ◇ |
Daniela O'Leary-Gill | ◇ | ◇ | — | — | — | — | ◇ |
Mary K. Bush | ◇ | ◇ | — | — | — | — | ◇ |
J. Michael Shepherd | ◇ | ◇ | — | — | — | — | ◇ |
Kathy L. Lonowski | ◇ | ◇ | — | — | — | — | ◇ |
Cynthia A. Glassman | ◇ | — | — | — | — | — | ◇ |
Michael H. Moskow | ◇ | — | — | — | — | — | ◇ |
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.
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2023 | May 9, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 11, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 19, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 5, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 14, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 16, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 2, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 11, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- John Owen (Interim CEO and President), FY2023 total compensation $2,188,651 (base salary $343,462) [exec_comp, SEC accession 0001393612-24-000020, filed 2024-03-15]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 — $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 — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable 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.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
250 figures on this page: 242 cited to the filing that reported them, 8 calculated from figures it prints.
242 cited to the filing
8 calculated from the filing
Documents cited
- 0001193125-24-136281Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001393612-24-0000202023 Summary compensation table · CEO Pay Ratio · Director compensation · Grants of plan-based awards for 2023 · and 1 more section
- 0001193125-23-143589Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-22-156188
- 0001193125-21-153388Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-144166Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-19-151970Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-18-156114
- 0001193125-17-172380
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This page is free to cite. Attribution we ask for:
Velarion, “Discover Financial Services executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/DFS (accessed 2026).
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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.
$500 for the Executive Compensation Report. Both reports for $900.
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
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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}
}