Richard Fairbank is the CEO of Capital One Financial, a company known for its innovative approach to banking. He has been at the helm since 1994, leading the company through significant growth and changes in the financial landscape. Notably, Richard...

Richard Fairbank is the CEO of Capital One Financial, a company known for its innovative approach to banking. He has been at the helm since 1994, leading the company through significant growth and changes in the financial landscape. Notably, Richard has chosen a unique compensation model that ties his income directly to Capital One's performance. He does not take a salary or cash bonuses; instead, he earns stock options and performance shares based on the company's success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

C

Richard Fairbank

Founder and CEO of Capital One Financial

Education

MBA from Stanford Graduate School of Business

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

September 18, 1950 - 74 years ago

CEO of Capital One Financial for

30 years 8 months (Jul 1994 - Present)

Previous Experience

Co-founder of Capital One

Rivals

Competitors/colleagues of Richard Fairbank

C

John F. Woods

CEO of Citizens Financial Group

2023 Compensation

Stock

$150.00K

Salary

$950.00K

Bonus

$300.00K

Other

$100.00K

Total Holdings

$13.28M

S

Brian Doubles

CEO of Synchrony Financial

2023 Compensation

Stock

$0.00

Salary

$1.15M

Bonus

$3.87M

Other

$613.41K

Total Holdings

$35.06M

C

Bruce Van Saun

CEO of Citizens Financial Group

2023 Compensation

Stock

$1.50M

Salary

$1.20M

Bonus

$300.00K

Other

$200.00K

Total Holdings

$50.98M

B

Brian T. Moynihan

CEO of Bank of America

2023 Compensation

Stock

$22.05M

Salary

$1.50M

Bonus

$0.00

Other

$387.39K

Total Holdings

$116.40M

A

Stephen J. Squeri

CEO of American Express

2023 Compensation

Stock

$17.61M

Salary

$1.50M

Bonus

$9.75M

Other

$625.13K

Total Holdings

$50.24M

O

Douglas H. Shulman

CEO of OneMain Holdings

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.56M

Other

$1.62M

Total Holdings

$28.22M

Holdings

See how much did Richard Fairbank make over time.

Richard Fairbank's holdings in Capital One Financial demonstrate his deep commitment to the company. With approximately 8.5 million shares, his wealth has fluctuated along with the company's stock performance. At his peak, he saw a significant increase in value thanks...

Richard Fairbank's holdings in Capital One Financial demonstrate his deep commitment to the company. With approximately 8.5 million shares, his wealth has fluctuated along with the company's stock performance. At his peak, he saw a significant increase in value thanks to performance-based stock options granted over the years. Notably, he was restricted from selling shares during certain periods, further aligning his interests with those of the company's stakeholders. This structure emphasizes long-term growth, showing Richard's confidence in Capital One's future.

Total Stock Sold

$515.88M

COF

$515.88M

5,837,610 COF shares

What if they kept their stock?

If Richard Fairbank didn't sell their stock, today they would have:
Extra COF5,837,610 shares worth $288.49M.
This is -44.08% and $227.39M less than what they got when they sold the stock.

Charitable Transactions

COF

139,275 shares

COF

Recent Charitable Transactions

COF

1,847 shares

COF

Aug 8, 2022

Charity

COF

70,720 shares

COF

May 3, 2021

Charity

COF

10,360 shares

COF

Nov 3, 2020

Charity

COF

22,465 shares

COF

May 13, 2019

Charity

COF

2,296 shares

COF

Nov 13, 2017

Charity

COF

2,255 shares

COF

Jan 31, 2017

Charity

Insider Trading

See recent insider trades of Richard Fairbank.

COF

153,306 shares

COF

Mar 11, 2024

Received

COF

$1.23M

COF at $104.99/share

Nov 10, 2023

Sale

COF

$819.96K

COF at $105.38/share

Nov 8, 2023

Sale

COF

$1.23M

COF at $105.60/share

Nov 3, 2023

Sale

COF

$792.40K

COF at $101.83/share

Nov 1, 2023

Sale

COF

$776.25K

COF at $99.75/share

Oct 30, 2023

Sale

COF

$425.99K

COF at $109.48/share

Aug 14, 2023

Sale

COF

$1.31M

COF at $112.24/share

Aug 9, 2023

Sale

COF

$1.32M

COF at $113.00/share

Aug 4, 2023

Sale

COF

$1.34M

COF at $114.58/share

Aug 1, 2023

Sale

Compensation History

See how much did Richard Fairbank make over time.

In 2023, Richard Fairbank's total compensation was around $28.5 million, derived from performance-based incentives. He received a $5 million deferred cash bonus and stock units valued at about $2.5 million. His pay structure is all about performance; if Capital One does well, so does he. This model makes him a significant ally to shareholders, as his financial health depends on the company's success.

Year

2023

Total Compensation

$7.62M

Salary

$0.00

Board Justification

The compensation program is designed to be entirely performance-based, aligning the CEO's interests with those of stockholders, with 100% of compensation deferred for at least three years.

Bonus

$5.00M

Board Justification

The deferred cash bonus awarded in February 2024 for 2023 performance.

Other

$120.06K

Board Justification

Other compensation includes executive term life insurance, health screening, home office maintenance, home security system maintenance, and personal use of corporate aircraft.

Restricted Stock

$2.50M(21.54K RSUs)

Board Justification

RSUs granted in January 2023 for 2023 performance, vesting in full on February 15, 2026, settling in cash based on the average stock price over the 15 trading days preceding the vesting date.

Performance Metrics

The performance metrics include financial performance factors such as net revenue, ROTCE, and TSR relative to peers.