First Data CEO's Pay Is Near Twice That of Former Boss Dimonby and
Bisignano's pay totaled $51.6 million in first public year
Two other First Data executives received more than $20 million
First Data Corp. paid Chief Executive Officer Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase & Co. CEO Jamie Dimon, received last year.
Bisignano’s compensation included more than $44 million in stock and option awards, a $1.5 million salary and a $5 million cash bonus that the company identified as a retention award connected to its October 2015 initial public offering, New York-based First Data said Thursday in a proxy statement.
Dimon was paid $27 million in 2015, mostly in equity awards tied to JPMorgan’s performance. Bisignano, 56, left the bank in 2013 after serving as its co-chief operating officer to run KKR & Co.-backed First Data. The company paid him $76.4 million in his first year, most of that from an award of 8.3 million stock options that it valued at $51 million at the time. Those options have a strike price of $11.07 and would have been worth $11.6 million if exercised at Wednesday’s close.
Of the 15 U.S. IPOs that raised more than $500 million, nine traded below the initial offer price as of yesterday’s close, according to data compiled by Bloomberg. The list excludes special purpose companies, real estate investment trusts, country and closed-end funds.
Daniel Charron, executive vice president global business solutions, was paid $24.8 million, and Guy Chiarello, First Data’s president, was paid $20.6 million, according to the summary compensation table in the filing.