Sundar PichaiSundar Pichai earned $164M in 2023

Jonathan W. Witter became the CEO of SLM Corporation in 2020, stepping into the role after a notable career in finance and banking. Before joining SLM, he held executive positions at major companies including Hilton Worldwide and Capital One. Jonathan's...

Quick Links
S

Jonathan W. Witter

Ex-CEO of SLM

Education

Not specified

Sector of Economy

Financial Services

Born

January 1, 1963 - 62 years ago

CEO of SLM for

2 years 8 months (Apr 2020 - Jan 2023)

Previous Experience

Not specified

Holdings

See how much did Jonathan W. Witter make over time.

Jonathan W. Witter's holdings in SLM Corporation reflect his commitment to the company's future. He initially joined the company in 2020, when it was transitioning as a stand-alone entity. Over time, his personal stake has fluctuated with the company's performance...

Mar 17, 2025

Total Stock Sold

$6.36M

COF

$6.36M

89,890 COF shares

What if they kept their stock?

If Jonathan W. Witter didn't sell their stock, today they would have:
Extra COF89,890 shares worth $5.10M.
This is -19.86% and $1.26M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jonathan W. Witter.

No insider trades found for this CEO.

Compensation History

See how much did Jonathan W. Witter make over time.

In 2023, Jonathan W. Witter's total compensation reached approximately $9.4 million. This includes a base salary of $1.1 million, a bonus of $2.475 million tied to the company's performance metrics, and the value of vested stock worth around $10.4 million. His compensation plan is designed to align his interests with those of the shareholders, focusing on performance-driven metrics. In prior years, his compensation has varied, reflecting the ups and downs of the company's financial health and market challenges. The structured nature of his compensation, with a heavy emphasis on bonuses and stock options, shows an intention to motivate strong results within SLM.

Year

2023

Total Compensation

$14.01M

Salary

$1.10M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring that executive compensation is competitive and linked to the achievement of strategic goals.

Bonus

$2.48M

Board Justification

The bonus is based on the 2023 Annual Incentive Plan (AIP) performance metrics, which include Pre-Tax, Pre-Provision, Pre-Operating Expense Income Per Share, Private Education Loan Originations, Operating Expenses Excluding FDIC Expense, and Net Charge-Offs, resulting in a payout of 118.3% of the target.

Other

$35.03K

Board Justification

Other compensation includes employer contributions to defined contribution plans and an executive physical benefit.

Restricted Stock

$10.40M(696.17K RSU)

Board Justification

The vested stock includes RSUs that were granted in previous years and vested in 2023, with a total of 696,173 shares vested during the year.

Performance Metrics

The performance metrics for determining the compensation include financial performance measures such as Pre-Tax, Pre-Provision, Pre-Operating Expense Income Per Share, Private Education Loan Originations, Operating Expenses Excluding FDIC Expense, and Net Charge-Offs.