StanChart CEO Winters’ 2024 pay jumps 46% on-year
The surge in total remuneration comes mainly from a nearly 78% increase in the long-term incentive award
STANDARD Chartered chief executive officer Bill Winters’ total salary for 2024 came up to nearly £10.7 million (S$18.1 million), a year-on-year jump of 46 per cent from £7.3 million.
This was spurred mainly by the long-term incentive part of his salary, which soared 77.5 per cent year-on-year to almost £7.6 million, according to the bank’s annual report on Friday (Feb 21). Granted in 2022, the long-term awards are share-based and will vest on a pro rata basis from next month to 2029.
The fixed pay and annual incentive portions of Winters’ salary were little changed from 2023, the bank said.
Group-wide, the bonus pool rose 7 per cent year-on-year to US$1.7 billion.
The increase in the bonus pool and the CEO’s pay comes as the emerging markets-focused bank said it would hand back US$1.5 billion more to shareholders.
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