Sundar PichaiSundar Pichai earned $164M in 2023

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%...

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 $5.74M.
This is -17% and $1.18M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Steven A. Kandarian.

JXN

811.7 shares

JXN

Dec 19, 2024

Received

JXN

756.16 shares

JXN

Sep 19, 2024

Received

JXN

949.16 shares

JXN

Jun 20, 2024

Received

JXN

4,288 shares

JXN

Jun 1, 2024

Received

JXN

988.14 shares

JXN

Mar 21, 2024

Received

JXN

1,120.68 shares

JXN

Dec 14, 2023

Received

JXN

1,414.39 shares

JXN

Sep 14, 2023

Received

JXN

1,806.55 shares

JXN

Jun 15, 2023

Received

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11,197 shares

JXN

Jun 1, 2023

Received

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1,362.69 shares

JXN

Mar 23, 2023

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.