Kevin T. Kabat, born on October 21, 1953, holds a degree from the University of Michigan and has built a solid career in finance. He served as the CEO of Fifth Third Bancorp from 2007 until 2015, where he notably...

Current Market Cap

$32.11B

Number of Employees

18.66K

Total Compensation

2007 - 2008

Trending up by 26.43% last year
Showing total compensation for the last 2007 - 2008

Stock

Up by 0.00% last year

Salary

Up by 3.86% last year

Bonus

Up by 0.00% last year

Other

Up by 48.24% last year

Year

2008

Total Compensation

$1.27M

Salary

$900.00K

Board Justification

The compensation philosophy is designed to drive shareholder value by attracting and retaining talented executives, motivating them to achieve corporate objectives, and encouraging share ownership among executives to align their interests with those of shareholders.

Bonus

$0.00

Board Justification

No annual cash incentive awards were made to Named Executive Officers due to the Company’s financial performance in 2008.

Other

$208.13K

Board Justification

Other compensation includes trust and estate planning fees, parking, and country club dues.

Restricted Stock

$164.94K(7.62K common stock)

Board Justification

7,622 shares of restricted stock vested in 2008, valued at $164,940 on the vesting date.

Performance Metrics

The performance metrics for determining compensation included absolute performance and performance relative to peers, return measures including return on equity and return on assets, growth in core deposits, loans, fees, total revenue, net income and earnings per share, efficiency ratio, and stock price growth.

SEC Filing

From March 10, 2009