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Steven A. Kandarian was the CEO of MetLife, Inc. until he retired on April 30, 2019. He took the lead in May 2011, steering the company toward better profitability and customer focus. Under his guidance, MetLife made strategic shifts, especially...

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Steven A. Kandarian

Ex-CEO of MetLife

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1959 - 66 years ago

CEO of MetLife for

7 years 11 months (May 2011 - Apr 2019)

Previous Experience

Chairman, President and Chief Executive Officer of MetLife, Inc.

Holdings

See how much did Steven A. Kandarian make over time.

During his time as CEO, Steven A. Kandarian held significant stock in MetLife. In his last year, he had vested stock awards valued at around $8.2 million, showing a strong alignment of interests with shareholders. At one point, over 90%...

Mar 17, 2025

Total Stock Sold

$6.92M

MET

$6.92M

145,988 MET shares

What if they kept their stock?

If Steven A. Kandarian didn't sell their stock, today they would have:
Extra MET145,988 shares worth $4.89M.
This is -29.38% and $2.03M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Steven A. Kandarian.

MET

$69.29K

MET at $44.70/share

Mar 13, 2019

Received

MET

$5.99M

MET at $44.65/share

Feb 26, 2019

Received

MET

$68.56K

MET at $39.52/share

Dec 13, 2018

Received

MET

$67.94K

MET at $45.52/share

Sep 13, 2018

Received

MET

$2.01M

MET at $47.03/share

Aug 27, 2018

Sale

MET

$4.02M

MET at $46.93/share

Aug 21, 2018

Sale

MET

$67.33K

MET at $47.00/share

Jun 13, 2018

Received

MET

$63.59K

MET at $47.10/share

Mar 13, 2018

Received

MET

$2.29M

MET at $45.50/share

Mar 2, 2018

Received

MET

$63.11K

MET at $52.84/share

Dec 13, 2017

Received

Compensation History

See how much did Steven A. Kandarian make over time.

In 2019, Steven A. Kandarian received a total compensation of about $12 million, primarily made up of stock awards, which was a reflection of MetLife's pay-for-performance philosophy. His salary was $512,692, but most of his earnings came from stock awards worth over $8 million. There was no bonus that year since he stepped down in April, but his stock options and vesting ensured significant payouts based on his contributions. His past compensation plans also prioritized aligning the interests of executive pay with the company's performance metrics and shareholder returns. This approach reinforced his belief that management performance should correlate closely with overall company success. Over the years, Kandarian consistently earned high compensation through stock options and performance-based incentives, aligning with MetLife's goals to enhance shareholder value.

Year

2019

Total Compensation

$9.06M

Salary

$512.69K

Board Justification

MetLife's compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for 2019 performance as Mr. Kandarian retired on April 30, 2019.

Other

$305.41K

Board Justification

Includes employer contributions to retirement plans and other benefits.

Restricted Stock

$8.24M(8.24M RSU)

Board Justification

The value of stock awards that vested in 2019, which includes performance shares and restricted stock units.

Performance Metrics

The performance metrics for determining the compensation included Adjusted ROE and TSR relative to peers.