Douglas H. Shulman is the President and CEO of OneMain Holdings, Inc., a role he stepped into in September 2018, after a notable career in finance and government. He earned a J.D. from Georgetown University and a Master of Public Administration from Harvard. Before joining OneMain, he served as the Commissioner of the IRS and held executive positions at BNY Mellon and FINRA. Shulman has a hands-on approach, aligning executive pay with the company’s performance, and his compensation reflects strong annual incentives and a substantial target bonus. In 2023, his total compensation was about $15.4 million, which shows his stake in the company’s success. He also participates actively in insider trading, with his holdings often fluctuating significantly, peaking in January 2023 when he sold shares worth around $19.45 million. Shulman’s diverse background in law and business uniquely positions him to lead OneMain through financial services challenges while focusing on innovation and performance metrics.

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Douglas H. Shulman

CEO of OneMain Holdings

Education

J.D. from Georgetown University Law Center, M.P.A. from Harvard University, B.A. from Williams College

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Financial Services

Born

January 1, 1967 - 58 years ago

CEO of OneMain Holdings for

6 years 6 months (Sep 2018 - Present)

Previous Experience

Senior Executive Vice President and Global Head of Client Service Delivery at BNY Mellon; Commissioner of the Internal Revenue Service; Vice Chairman of the Financial Industry Regulatory Authority.

Rivals

Competitors/colleagues of Douglas H. Shulman

Richard Fairbank

Founder and CEO of Capital One Financial

2023 Compensation

Stock

$2.50M

Salary

$0.00

Bonus

$5.00M

Other

$120.06K

Total Holdings

$654.62M

Brian Doubles

CEO of Synchrony Financial

2023 Compensation

Stock

$0.00

Salary

$1.15M

Bonus

$3.87M

Other

$613.41K

Total Holdings

$35.06M

Ronald J. Kruszewski

CEO of Stifel Financial

2023 Compensation

Stock

$0.00

Salary

$200.00K

Bonus

$2.26M

Other

$822.06K

Total Holdings

$137.96M

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

Robin M. Raju

CEO of Equitable Holdings

2022 Compensation

Stock

$10.60M

Salary

$1.25M

Bonus

$0.00

Other

$953.42K

Total Holdings

$7.77M

Holdings

See how much did Douglas H. Shulman make over time.

Douglas H. Shulman has had significant fluctuations in his insider trading activities, particularly in recent years. His high point came in early 2023 when he sold shares worth $19.45 million in January and $23.50 million in February. Over 2020 and 2021, he also made numerous sales, with monthly transactions often exceeding $5 million. These trading patterns suggest a strategic approach to managing his equity in OneMain Holdings, possibly timed with the market conditions and the company’s performance. Such large transactions reflect both confidence in the company’s direction and the substantial growth in his equity holdings, which indicate that he remains deeply invested in the success of OneMain. As of now, his portfolio continues to reflect a significant commitment to the company with substantial values attached to his unvested stocks and performance-based units.

Total Stock Sold

$3.27M

OMF

$3.27M

64,000 OMF shares

What if they kept their stock?

If Douglas H. Shulman didn't sell their stock, today they would have:
Extra OMF64,000 shares worth $1.22M.
This is -62.85% and $2.06M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Douglas H. Shulman.

OMF

$1.08M

OMF at $54.19/share

Nov 12, 2024

Sale

OMF

$265.00K

OMF at $53.00/share

Oct 30, 2024

Sale

OMF

$250.00K

OMF at $50.00/share

Sep 19, 2024

Sale

OMF

$697.13K

OMF at $46.48/share

Aug 16, 2024

Sale

OMF

$976.12K

OMF at $51.37/share

May 8, 2024

Sale

OMF

61,138 shares

OMF

Feb 14, 2024

Received

OMF

93,106 shares

OMF

Feb 6, 2023

Received

OMF

79,600 shares

OMF

Jan 20, 2023

Received

OMF

$90.39K

OMF at $42.04/share

Mar 3, 2022

Purchase

OMF

$40.23K

OMF at $40.23/share

May 20, 2022

Purchase

Compensation History

See how much did Douglas H. Shulman make over time.

In 2023, Douglas H. Shulman's total compensation was around $15.4 million. His salary was set at $1 million, along with a bonus of $2.562 million, which reflects a payout rate exceeding 100% of his target due to strong annual performance metrics. Interesting to note is that Shulman did not receive any stock grants in 2023, indicating a heavy reliance on cash incentives to motivate leadership. His compensation package is structured to not only attract and retain talent but also to align his interests with those of the stockholders. Over previous years, his pay has fluctuated significantly, peaking at over $21 million in 2021, showing the link between his performance and overall company success. The pay structure encourages a focus on long-term performance, reinforcing the importance of maintaining investor confidence and driving OneMain's growth.

Year

2023

Total Compensation

$5.18M

Salary

$1.00M

Board Justification

The compensation program is designed to attract, retain, and incentivize key talent while aligning executive compensation with the interests of stockholders through a pay-for-performance philosophy.

Bonus

$2.56M

Board Justification

Annual cash incentive based on the achievement of annual financial performance metrics and qualitative strategic factors, with a total payout of 109% of target for 2023.

Other

$1.62M

Board Justification

Includes 401(k) match and dividend equivalents from prior equity awards.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2023 that are included in the total compensation calculation.

Performance Metrics

C&I Capital Generation, C&I Operating Expenses, and New Products/Channels.

Other OneMain Holdings CEOs

Here are other CEOs of OneMain Holdings

Jay N. Levine

Ex-CEO of OneMain Holdings

November 2015 - September 2018