Capital One's Chief Service Officer Receives $30 Million RSU Compensation

According to a report filed with the U.S. Securities and Exchange Commission on April 7, Frank G. LaPrade III, Capital One Financial Corp.’s Chief Enterprise Services Officer, was granted 11,041 restricted stock units (RSUs), each equivalent to one share of common stock. These RSUs will vest in equal annual installments over three years beginning April 7, 2027. Based on the recent share price of approximately $194.75, the total value is estimated at about $2.15 million (roughly KRW 3 billion).

With this grant, LaPrade’s direct holdings rose to 69,283 shares. He also holds the equivalent of 830 shares through the company’s 401(k) plan, bringing the total value of his direct stake to around $13.5 million (about KRW 19 billion). Because this award is part of the company’s regular executive equity program, the acquisition price is recorded as $0. The disclosure of his total holdings and vesting schedule underscores its role as a long-term incentive.

In its first-quarter 2026 results announced April 21, Capital One reported revenue of $15.2 billion and adjusted earnings per share of $4.42, both below market expectations. The company also discussed the integration of its Discover acquisition and outlined its investment priorities going forward.

Recently, a federal court granted final approval to a roughly $425 million (about KRW 600 billion) settlement in a lawsuit over interest rates on 360 Savings accounts. Compensation to affected customers is set to begin in July 2026.

Headquartered in Virginia, Capital One Financial is a leading consumer finance and credit-card specialist. As of April 29, its market capitalization stood at approximately $121 billion (around KRW 170 trillion). Frank G. LaPrade III oversees corporate services across the group, and through multiple disclosed stock awards and changes in his holdings, he is regarded as an executive whose interests are closely aligned with the company’s long-term goals.