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...

Number of Employees

1.74K

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.

SEC Filing

From April 30, 2014