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Eric W. Aboaf is a seasoned financial expert with a Bachelor's degree in finance from the University of Michigan. He previously held the position of Chief Financial Officer at Citizens Financial Group from 2015 until 2016. Before joining Citizens, he...

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Eric W. Aboaf

Ex-CEO of Citizens Financial Group

Education

Bachelor's degree in finance from the University of Michigan.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1966 - 59 years ago

CEO of Citizens Financial Group for

1 year 8 months (Apr 2015 - Dec 2016)

Previous Experience

Global Treasurer for Citigroup; CFO of Citigroup’s North American Consumer Group.

Holdings

See how much did Eric W. Aboaf make over time.

Eric W. Aboaf's insider trading activity shows significant fluctuations in his holdings over the years. Starting in September 2019, the value of his holdings was around $4 million. By the end of 2020, they had risen to approximately $6.62 million,...

Mar 18, 2025

Total Stock Sold

$4.61M

STT

$4.61M

64,785 STT shares

What if they kept their stock?

If Eric W. Aboaf didn't sell their stock, today they would have:
Extra STT64,785 shares worth $3.60M.
This is -22% and $1.02M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Eric W. Aboaf.

STT

$553.63K

STT at $79.09/share

Aug 14, 2024

Sale

STT

$918.36K

STT at $76.53/share

May 14, 2024

Sale

STT

$886.80K

STT at $73.90/share

Feb 29, 2024

Sale

STT

23,471 shares

STT

Feb 23, 2024

Received

STT

24,721 shares

STT

Feb 15, 2024

Received

STT

$651.55K

STT at $65.16/share

Nov 1, 2023

Sale

STT

$800.17K

STT at $67.32/share

Aug 21, 2023

Sale

STT

$815.44K

STT at $68.53/share

May 19, 2023

Sale

STT

22,767 shares

STT

Feb 24, 2023

Received

STT

33,303 shares

STT

Feb 15, 2023

Received

Compensation History

See how much did Eric W. Aboaf make over time.

In 2016, Eric W. Aboaf received total compensation of $900,000 at Citizens Financial Group. This package included a base salary of $600,000 and a performance-based bonus of $200,000, reflecting his contribution to the company's success during that year. Additionally, he had vested stock worth $150,000, which was part of a long-term plan aimed at rewarding executives based on sustained performance and company growth. In the previous year, his total compensation was significantly higher at $1.3 million, which underlined his essential role and the value the company placed on his expertise at that time. His compensation structure emphasizes the importance of aligning executive pay with company performance, a common practice in the finance sector.

Year

2016

Total Compensation

$1.00M

Salary

$600.00K

Board Justification

The compensation philosophy aligns with company performance, focusing on long-term value creation and competitive benchmarking against peers to retain top talent.

Bonus

$200.00K

Board Justification

The bonus is based on the company's performance metrics including financial targets and individual performance assessments for the year 2016.

Other

$50.00K

Board Justification

Other compensation includes retirement plan contributions and other benefits provided to the CEO in 2016.

Restricted Stock

$150.00K(5K RSU)

Board Justification

The stock that vested in 2016 was part of a long-term incentive plan that rewards performance over a multi-year period, with shares vesting based on meeting specific performance criteria.

Performance Metrics

Performance metrics included return on equity, net income growth, and other key financial indicators relevant to the banking sector.