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Albert L. Lord has been a key player in the finance world, especially during his time at SLM Corporation, where he served as CEO from 2007 to 2013. He took the reins during a critical period for the company and...

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Albert L. Lord

Ex-CEO of SLM

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1951 - 74 years ago

CEO of SLM for

5 years 5 months (Dec 2007 - May 2013)

Previous Experience

Vice Chairman and CEO of SLM Corporation, various executive positions with the Student Loan Marketing Association

Holdings

See how much did Albert L. Lord make over time.

During his tenure at SLM Corporation, Albert L. Lord had substantial holdings that fluctuated as the company's stock prices changed. At his peak, he exercised options totaling over 5 million shares, with a realized value exceeding $30 million. After leaving...

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Total Stock Sold

$568.40K

SLM

$568.40K

223,840 SLM shares

What if they kept their stock?

If Albert L. Lord didn't sell their stock, today they would have:
Extra SLM223,840 shares worth $1.57M.
This is 176.85% and $1.01M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Albert L. Lord.

SLM

$411.40K

SLM at $20.57/share

May 1, 2013

Sale

SLM

$408.13K

SLM at $20.41/share

Apr 1, 2013

Sale

SLM

$376.60K

SLM at $18.83/share

Mar 1, 2013

Sale

SLM

$379.00K

SLM at $18.95/share

Feb 19, 2013

Sale

SLM

200,155 shares

SLM

Feb 7, 2013

Received

SLM

244,943 shares

SLM

Feb 3, 2012

Received

SLM

244,943 shares

SLM

Feb 3, 2012

Received

SLM

$1.37M

SLM at $13.70/share

Nov 2, 2011

Purchase

Compensation History

See how much did Albert L. Lord make over time.

Albert L. Lord's total compensation as CEO of SLM Corporation showcases the balance between base salary and performance-related pay. In 2013, he earned nearly $20 million, including his salary of $434,615 and significant other compensation, primarily severance as he left the company. His understanding of aligning pay with company performance was evident, with performance metrics shaping substantial bonuses and stock options throughout his career. Notably in 2011, he received a $2.5 million bonus, reflecting a strong year for the company. Lord's compensation structure highlights a common trend among executives, emphasizing both immediate and long-term incentives to drive company performance in line with shareholder expectations.

Year

2013

Total Compensation

$18.83M

Salary

$434.62K

Board Justification

The company emphasizes pay for performance and aligns executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus payments were made under the Management Incentive Plan for 2013 due to his departure from the Company.

Other

$15.70M

Board Justification

Includes severance payments and other compensation related to his retirement.

Restricted Stock

$2.70M(150.69K PSUs)

Board Justification

Performance Stock Units granted in 2013 that are subject to performance-based vesting conditions, which remain outstanding.

Performance Metrics

Performance metrics included earnings per share, loan originations, operating expense reductions, and improvement in loan delinquency rates.

Other SLM CEOs

Here are other CEOs of SLM