'Citigroup' CEO Awarded $13 Million Stock Award... Personal Holdings Exceed $100 Million

On February 11, Citigroup Inc. granted Chair and CEO Jane Fraser approximately 117,000 deferred common shares under its 2019 Stock Incentive Plan. The shares will vest in equal annual installments over four years beginning January 20, 2027, and may not be sold until after vesting. The award is valued at roughly $13.1 million (about ₩17 billion), bringing Fraser’s total direct equity stake to around $104.3 million (approximately ₩140 billion).

On the same day, Gonzalo Luchetti, Head of U.S. Consumer Banking, and David Livingston, Chief Client Officer, received similarly structured deferred share awards. On February 12, Luchetti sold a portion of his holdings, realizing about $2.3 million (roughly ₩3 billion) in proceeds.

In its fourth-quarter 2025 results, Citigroup topped consensus earnings-per-share estimates thanks to higher net interest income, but revenue fell short of forecasts, and the stock traded lower following the release. Separately, the board approved increasing Fraser’s total 2025 compensation to about $42 million, highlighting the raise as a reward for her leadership in large-scale restructuring, cost cuts and organizational streamlining.

Citigroup is one of the four largest U.S. banks, providing global investment and commercial banking, asset and wealth management, and consumer banking services to corporate, government and individual clients in over 180 countries. Since assuming the CEO role in 2021, Fraser has led major business realignments—including divesting non-core international retail operations and reducing headcount—and the latest deferred share grant and pay increase reflect the group’s broader policy of linking executive compensation to medium- and long-term performance.