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...

Current Market Cap

$4.78B

Number of Employees

1.74K

Total Compensation

2020 - 2023

Trending up by 475.16% last year
Showing total compensation for the last 2020 - 2023

Stock

Up by 0.00% last year

Salary

Up by 2.14% last year

Bonus

Up by 87.50% last year

Other

Down by -9.16% last year

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.

SEC Filing

From April 26, 2024