Citigroup Approves 2024 Incentive Compensation for CEO

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The decision was based on the company's strategic priorities and financial performance for the year, including a 3% increase in revenues to $81.1 billion, a 37% increase in net income to $12.7 billion, and a 47% increase in diluted earnings per share to $5.94. The total compensation package for Ms. Fraser was set at $34.5 million, comprising a base salary of $1.5 million and an incentive award of $33 million in various forms, including cash, deferred stock, and performance share units.

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About Citigroup Inc.

Citigroup Inc. is a leading global financial services corporation, providing a broad array of financial products and services to consumers, corporations, governments, and institutions. As a diversified financial institution, Citigroup's primary function is to offer retail banking, commercial banking, investment banking, and wealth management services. The company plays a significant role in sectors such as consumer banking, treasury and trade solutions, and securities services, making it a pivotal player in the financial services industry. Headquartered in New York City, Citigroup is one of the world's largest banks by assets. It operates in over 160 countries and jurisdictions, underscoring its substantial international presence. The firm's impact is further amplified through its global reach in capital markets and advisory services, helping to facilitate trade and investment on a worldwide scale. Citigroup's diversified operations and extensive global network position it as a key contributor to financial market infrastructures and economic development.