Bruce Van Saun, born in 1959, is the CEO of Citizens Financial Group, a role he's held since 2013. He has a solid education background with a Bachelor's degree from the University of Massachusetts Amherst and an MBA from the...

Bruce Van Saun, born in 1959, is the CEO of Citizens Financial Group, a role he's held since 2013. He has a solid education background with a Bachelor's degree from the University of Massachusetts Amherst and an MBA from the University of Michigan, focusing on finance. Under his leadership, Citizens has been transforming and expanding, showing a strong commitment to performance and shareholder value. He believes in aligning executive compensation with company performance, and his recent compensation reflects a total package of $2.9 million for 2023, including a performance-based bonus. What's intriguing is his involvement in recent insider trading activity, where his holdings peaked at over $51 million in late 2024, a significant increase in wealth amidst market fluctuations. Recent news also reveals his strategic moves in leadership succession, ensuring the organization is well-prepared for future challenges. Bruce is clearly focused on growth, performance metrics, and maintaining a strong leadership team within Citizens.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Citizens Financial Group CEOs

C

Bruce Van Saun

CEO of Citizens Financial Group

Education

Bachelor's degree from the University of Massachusetts Amherst; MBA from the University of Michigan.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

June 1, 1959 - 65 years ago

CEO of Citizens Financial Group for

11 years 6 months (Oct 2013 - Present)

Previous Experience

CEO of Citizens Financial Group since 2013; previously held executive positions at RBS and other financial institutions.

Rivals

Competitors/colleagues of Bruce Van Saun

Z

Harris H. Simmons

CEO of Zions Bancorporation

2023 Compensation

Stock

$1.56M

Salary

$1.06M

Bonus

$1.15M

Other

$67.14K

Total Holdings

$1.20M

F

Vincent J. Delie, Jr.

CEO of F.N.B. Corporation

2023 Compensation

Stock

$11.00M

Salary

$1.19M

Bonus

$0.00

Other

$649.18K

Total Holdings

$24.80M

P

William S. Demchak

CEO of PNC Financial Services

2023 Compensation

Stock

$11.60M

Salary

$1.20M

Bonus

$4.41M

Other

$797.60K

Total Holdings

$100.55M

H

Zachary J. Wasserman

CEO of Huntington Bancshares

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$474.99K

Total Holdings

$4.47M

F

Timothy N. Spence

CEO of Fifth Third Bank

2023 Compensation

Stock

$1.99M

Salary

$1.03M

Bonus

$0.00

Other

$356.32K

Total Holdings

$3.09M

Holdings

See how much did Bruce Van Saun make over time.

Bruce Van Saun has seen significant fluctuations in his holdings over the years. His investments peaked at around $51 million in late 2024, reflecting the strong performance of Citizens Financial Group. In 2019, his holdings were valued around $26 million...

Bruce Van Saun has seen significant fluctuations in his holdings over the years. His investments peaked at around $51 million in late 2024, reflecting the strong performance of Citizens Financial Group. In 2019, his holdings were valued around $26 million and he gradually increased this to a high of $51.54 million by September 2024. The value of his holdings dipped to $29.17 million in October 2023 but bounced back to $36.49 million by December 2023. This highlights not just his personal financial growth, but also his confidence in the company's direction and strategy. The dramatic rise in value underscores the potential upside in the Bank's operations and market position.

Charitable Transactions

CFG

8,035 shares

CFG

Recent Charitable Transactions

CFG

8,035 shares

CFG

Oct 24, 2024

Charity

Insider Trading

See recent insider trades of Bruce Van Saun.

CFG

8,035 shares

CFG

Oct 24, 2024

Charity

MCO

$7.00K

MCO at $482.48/share

Sep 6, 2024

Received

MCO

$6.90K

MCO at $404.02/share

Jun 7, 2024

Received

MCO

$8.88K

MCO at $380.52/share

Mar 15, 2024

Received

CFG

72,927 shares

CFG

Mar 1, 2024

Received

MCO

$210.04K

MCO at $374.40/share

Feb 21, 2024

Received

CFG

103,712 shares

CFG

Feb 14, 2024

Received

MCO

$5.55K

MCO at $390.75/share

Dec 15, 2023

Received

MCO

$5.59K

MCO at $341.86/share

Sep 8, 2023

Received

MCO

$5.52K

MCO at $334.66/share

Jun 9, 2023

Received

Compensation History

See how much did Bruce Van Saun make over time.

In 2023, Bruce Van Saun earned a total compensation of $2.9 million as CEO of Citizens Financial Group. His salary stood at $1.2 million, supplemented by a $300,000 performance-based bonus. The bonus was tied to metrics like revenue growth and return on equity. He also saw $1.5 million in vested stock, reflecting his long-term commitment to the company's success. Overall, his compensation package is aligned with his strategy to link pay to performance, ensuring the interests of executives align with shareholders. This structure emphasizes a culture of accountability at Citizens.

Year

2023

Total Compensation

$3.20M

Salary

$1.20M

Board Justification

The compensation philosophy is designed to align executive pay with company performance, focusing on long-term shareholder value and competitive benchmarking.

Bonus

$300.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and return on equity for the fiscal year 2023.

Other

$200.00K

Board Justification

Other compensation includes retirement contributions and health benefits paid in 2023.

Restricted Stock

$1.50M(50K RSU)

Board Justification

The vested stock consists of performance-based restricted stock units that vested in 2023 based on achieving specific financial targets.

Performance Metrics

The performance metrics include revenue growth, return on equity, and customer satisfaction scores.

Other Citizens Financial Group CEOs

Here are other CEOs of Citizens Financial Group

Eric W. Aboaf

Ex-CEO of Citizens Financial Group

April 2015 - December 2016