Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-04-29

Discover Financial Services (DFS)

Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,600,826
Hope Mehlman total, FY2023
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretaryhighest-paid officer; CEO John Owen: $2,188,651
1st
CEO (John Owen) pay percentile vs peers
145:1
CEO-to-median pay ratio
91.87%
Say-on-pay support, latest vote
Companies that benchmark against DFS
11 companies name DFS as a compensation peer

Each company listed discloses DFS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named DFS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Hope Mehlman$552,885$3,430,000$2,193,878$0$342,972$0$81,091$6,600,826
Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary
John Greene730,96202,756,4300550,103047,8334,085,328
Executive Vice President, CFO
Daniel Capozzi730,96202,756,4300145,1661,10137,3413,671,000
Executive Vice President, President- Consumer Banking
Keith Toney618,26902,450,3130471,072032,9913,572,645
Executive Vice President, President- Credit & Decision Management
John Owen343,462500,000670,011000675,1782,188,651
Interim CEO and President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Hope Mehlman$6,600,826
John Greene4,085,328
Daniel Capozzi3,671,000
Keith Toney3,572,645
John Owen2,188,651

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John GreeneRSU2023-02-239,960$1,102,572
Daniel CapozziPSU2023-02-2314,94022,4101,653,858
Hope MehlmanRSU2023-01-098,664900,016
Roger C. HochschildPSU2023-02-2363,85695,7847,068,859
Carlos M. MinettiRSU2023-02-238,221910,065
Keith ToneyRSU2023-07-034,235500,111
John OwenRSU2023-05-111,774170,002
Keith ToneyRSU2023-02-237,047780,103
John GreenePSU2023-02-2314,94022,4101,653,858
Hope MehlmanRSU2023-02-234,675517,523
Roger C. HochschildRSU2023-02-2321,2862,356,360
Carlos M. MinettiPSU2023-02-2312,33118,4971,365,042
Daniel CapozziRSU2023-02-239,9601,102,572
John OwenRSU2023-08-144,871500,008
Keith ToneyPSU2023-02-2310,57015,8551,170,099
Hope MehlmanPSU2023-02-237,01310,520776,339
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Greene$1,102,572$1,653,858$060.0%
Daniel Capozzi1,102,5721,653,858060.0%
Hope Mehlman1,417,539776,339035.4%
Roger C. Hochschild2,356,3607,068,859075.0%
Carlos M. Minetti910,0651,365,042060.0%
Keith Toney1,280,2141,170,099047.8%
John Owen670,010000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John GreeneRSU21,801$2,450,432
Daniel CapozziPSU14,9401,679,256
John GreeneRSU3,230363,052
Keith ToneyRSU1,419159,496
Daniel CapozziRSU5,536622,246
John OwenRSU4,871547,500
John GreeneRSU4,892549,861
Keith ToneyRSU4,235476,014
John OwenRSU1,774199,398
Daniel CapozziRSU21,8012,450,432
Daniel CapozziRSU9,9601,119,504
Keith ToneyRSU7,047792,083
Hope MehlmanPSU7,013788,261
John GreenePSU11,0081,237,299
Keith ToneyRSU3,414383,734
Daniel CapozziRSU3,230363,052
John GreenePSU14,9401,679,256
Keith ToneyPSU7,684863,682
John GreeneRSU9,9601,119,504
Daniel CapozziPSU12,4591,400,392
Keith ToneyPSU10,5701,188,068
Keith ToneyRSU9,5841,077,242
Hope MehlmanRSU8,664973,834
Hope MehlmanRSU4,675525,470
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation should reflect financial and non-financial performance over short- and long-term periods at the Company and individual performance levels. We seek to deliver a mix of fixed and variable compensation that aligns the interests of our executive officers with our shareholders and appropriately balances risk and reward. Our compensation should be competitive relative to our peers and the broader market in order to attract, motivate, and retain top executive talent.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-09181,853,59215,705,216392,75591.87%Passed
20232023-05-11193,068,19916,944,153869,49691.55%Passed
20222022-05-19217,186,60810,693,552517,55395.09%Passed
20212021-05-05232,765,39411,411,258494,68395.13%Passed
20202020-05-14228,869,49115,542,001568,24493.42%Passed
20192019-05-16241,547,06722,250,536525,53291.38%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20242024-05-0991.87%a
20232023-05-1191.55%b
20222022-05-1995.09%c

a. Approved under the standard stated in the filing — “for approval 1 Election of directors "FOR" the election of each director nominee Abstentions and Broker non-votes have no effect The number of votes cast "for" each nominee's election exceeds the total number of vote cast "against" such nominee's election* 2 Advisory vote to approve named executive officer compensation "FOR" Abstentions have the effect of a vote against;”.

b. Approved under the standard stated in the filing — “Shares voting "abstain" on this proposal will be counted as present at the Annual Meeting for purposes of this proposal and your abstention will have the effect of a vote against this p SB ASC Topic 718") and may not correspond to the actual value that might be realized by the named individuals.”.

c. Approved under the standard stated in the filing — “Shares voting "abstain" on this proposal will be counted as present at the Annual Meeting for purposes of this proposal and your abstention will have the effect of a vote against this prop Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation ("FASB ASC Topic 718") and may not correspond to the actual value that might be realized by the named individuals.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)145 : 1
CEO total compensation$8,659,519
Median employee compensation$59,905
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas G. MaherasIndependent · Board Chair · Risk Oversight$335,000$170,002$0$0$505,002
Candace H. DuncanIndependent · Audit (Chair) · NGPR186,667170,00200356,669
David L. Rawlinson IIIndependent · NGPR (Chair)161,667170,00200331,669
Joseph F. EazorIndependent · Audit155,000170,00200325,002
Mark A. ThiererIndependent · Compensation · NGPR · Not standing for re-election130,000170,00200300,002
Gregory C. CaseIndependent · Compensation (Chair) · Not standing for re-election130,000170,00200300,002
Beverley A. SibbliesIndependent · Audit127,500170,00200297,502
Jennifer L. WongIndependent · Risk Oversight125,000170,00200295,002
Jeffrey S. AroninIndependent · Compensation · Not standing for re-election120,000170,00200290,002
Daniela O'Leary-GillIndependent · Audit · Risk Oversight (Interim Chair)120,417155,91300276,330
Mary K. BushIndependent · Departed during FY72,500170,00200242,502
J. Michael ShepherdIndependent · Risk Oversight60,417127,59400188,011
Kathy L. LonowskiIndependent · Risk Oversight48,333113,38500161,718
Michael H. MoskowIndependent · Departed during FY56,2500056,250
Cynthia A. GlassmanIndependent · Departed during FY56,2500056,250
Michael G. RhodesEmployee director · Newly elected00000
John B. OwenEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$105,000
Annual equity retainer$170,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000 / 20,000
Stock ownership guideline5x annual cash retainer within 5 years of appointment
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$1,885,001
Equity awards (grant-date value)$2,096,912
All other compensation$0
Total cost of the board$3,981,913

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2023

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Discover Financial Services names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Discover Financial Services.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Fiserv, Inc.2025Michael Lyons$1,214,236$55,881,279$0$0$70,341,992
2Capital One Financial Corporation2025Richard Fairbank058,127,0290064,971,137
3American Express Company2025Stephen Squeri1,729,16723,486,2575,399,962046,239,805
4Mastercard Incorporated2025Michael Miebach1,375,00020,711,4564,950,0097,957,95035,422,518
5Visa Inc.2025Ryan McInerney1,505,78218,723,3065,687,5095,250,00031,560,660
6PayPal Holdings, Inc.2025Alex Chriss1,325,34223,365,2940025,243,486
7Fidelity National Information Services, Inc.2025Stephanie Ferris1,250,00018,741,36702,812,50022,928,412
8Synchrony Financial2025Brian Doubles1,260,09615,929,31502,942,70021,373,734
9Ally Financial, Inc.2025Michael Rhodes1,000,0007,203,0550012,770,194
10Citizens Financial Group, Inc.2025Bruce Van Saun1,487,0008,045,370012,513,920
11M&T Bank Corporation2025Ren F. Jones1,100,0006,660,238740,022012,015,250
12KeyCorp2025Christopher Gorman1,200,0006,209,991689,9983,240,00011,522,025
13Fifth Third Bancorp2025Timothy Spence1,116,6357,140,04002,328,75011,052,366
14Regions Financial Corporation2025John Turner1,190,3854,223,57904,313,09610,037,428
15Comerica Incorporated2024Curtis Farmer1,115,9814,806,148523,2022,037,9608,864,041
16Discover Financial Services2023John Owen343,462670,011002,188,651

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Discover Financial Servicesnot disclosedPSU 75 · RSU 25NoPay Governance
Ally Financial, Inc.not disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
American Express Company181%PSU 100Yes — 3-year TSR compared to LTIA Performance Peer GroupSemler Brossy
Capital One Financial Corporationnot disclosedPSU 62 · RSU 21 · Cash LTI 17Yes — Total Shareholder Return (TSR)FW Cook
Citizens Financial Group, Inc.110.7%not disclosedNoCAP (Compensation Advisory Partners)
Comerica Incorporated122%PSU 60 · RSU 30 · Options 10Yes — Relative TSR (modifier)Frederic W. Cook & Co. Inc.
Fidelity National Information Services, Inc.100%PSU 50 · RSU 50Yes — Relative TSR vs S&P 500Meridian
Fifth Third Bancorp103.5%PSU 60 · RSU 40NoF.W. Cook
Fiserv, Inc.not disclosedPSU 60 · RSU 40NoPay Governance, LLC
KeyCorp120%PSU 60 · RSU 30 · Options 10NoCompensation Advisory Partners (CAP)
M&T Bank Corporationnot disclosedPSU 90 · Options 10NoAon Human Capital Solutions
Mastercard Incorporated227%PSU 60 · RSU 20 · Options 20NoFW Cook
PayPal Holdings, Inc.98%PSU 50 · RSU 50Yes — rTSR vs S&P 500Compensia
Regions Financial Corporation130%RSU 33 · PSU 33 · Cash LTI 33NoFrederic W. Cook & Co., Inc.
Synchrony Financial115.4%PSU 55 · RSU 45NoMeridian
Visa Inc.140%PSU 50 · RSU 25 · Options 25Yes — Relative TSR vs. S&P 500Meridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Hope MehlmanDEF 14A2024-03-150001393612-24-000020Section “Summary Compensation Table”. As printed: 6,600,826. Filing ↗machine: r8 · c24 · span 1394946–1394955
2Section 01, John GreeneDEF 14A2024-03-150001393612-24-000020Section “2023 Summary compensation table”. As printed: 4,085,328. Filing ↗machine: r5 · c24 · span 1385726–1385735
3Section 01, Daniel CapozziDEF 14A2024-03-150001393612-24-000020Section “2023 Summary compensation table”. As printed: 3,671,000. Filing ↗machine: r11 · c24 · span 1399894–1399903
4Section 01, Keith ToneyDEF 14A2024-03-150001393612-24-000020Section “Summary Compensation Table”. As printed: 3,572,645. Filing ↗machine: r14 · c24 · span 1408816–1408825
5Section 01, John OwenDEF 14A2024-03-150001393612-24-000020Section “Summary Compensation Table”. As printed: 2,188,651. Filing ↗machine: r2 · c24 · span 1380822–1380831
6Section 03, John Greene RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r8 · c8 · span 1505946–1505951
7Section 03, Daniel Capozzi PSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r16 · c7 · span 1519884–1519890
8Section 03, Hope Mehlman RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r11 · c8 · span 1511356–1511361
9Section 03, Roger C. Hochschild PSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r23 · c7 · span 1532390–1532396
10Section 03, Carlos M. Minetti RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r25 · c8 · span 1536400–1536405
11Section 03, Keith Toney RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r19 · c8 · span 1525143–1525148
12Section 03, John Owen RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r4 · c8 · span 1498937–1498942
13Section 03, Keith Toney RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r18 · c8 · span 1523662–1523667
14Section 03, John Greene PSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r9 · c7 · span 1507580–1507586
15Section 03, Hope Mehlman RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r12 · c8 · span 1512838–1512843
16Section 03, Roger C. Hochschild RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r22 · c8 · span 1530755–1530761
17Section 03, Carlos M. Minetti PSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r26 · c7 · span 1538288–1538294
18Section 03, Daniel Capozzi RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r15 · c8 · span 1518250–1518255
19Section 03, John Owen RSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r5 · c8 · span 1500419–1500424
20Section 03, Keith Toney PSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r20 · c7 · span 1526775–1526781
21Section 03, Hope Mehlman PSUDEF 14A2024-03-150001393612-24-000020Section “Grants of plan-based awards for 2023” · grants of plan-based awards table. Filing ↗machine: t274 · r13 · c7 · span 1514470–1514475
22Section 07, pay ratioDEF 14A0001393612-24-000020Section “CEO Pay Ratio”. As printed: 145 : 1.machine: span 193965–193970
23Section 08, Thomas G. MaherasDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 505,002. Filing ↗machine: t117 · r9 · c5 · span 742440–742447
24Section 08, Candace H. DuncanDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 356,669. Filing ↗machine: t117 · r5 · c5 · span 736510–736517
25Section 08, David L. Rawlinson IIDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 331,669. Filing ↗machine: t117 · r12 · c5 · span 747064–747071
26Section 08, Joseph F. EazorDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 325,002. Filing ↗machine: t117 · r6 · c5 · span 738043–738050
27Section 08, Mark A. ThiererDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 300,002. Filing ↗machine: t117 · r15 · c5 · span 751680–751687
28Section 08, Gregory C. CaseDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 300,002. Filing ↗machine: t117 · r4 · c5 · span 734965–734972
29Section 08, Beverley A. SibbliesDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 297,502. Filing ↗machine: t117 · r14 · c5 · span 750152–750159
30Section 08, Jennifer L. WongDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 295,002. Filing ↗machine: t117 · r16 · c5 · span 753401–753408
31Section 08, Jeffrey S. AroninDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 290,002. Filing ↗machine: t117 · r2 · c5 · span 731910–731917
32Section 08, Daniela O'Leary-GillDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 276,330. Filing ↗machine: t117 · r11 · c5 · span 745525–745532
33Section 08, Mary K. BushDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 242,502. Filing ↗machine: t117 · r3 · c5 · span 733432–733439
34Section 08, J. Michael ShepherdDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 188,011. Filing ↗machine: t117 · r13 · c5 · span 748610–748617
35Section 08, Kathy L. LonowskiDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 161,718. Filing ↗machine: t117 · r8 · c5 · span 741107–741114
36Section 08, Michael H. MoskowDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 56,250. Filing ↗machine: t117 · r10 · c1 · span 743258–743264
37Section 08, Cynthia A. GlassmanDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 56,250. Filing ↗machine: t117 · r7 · c1 · span 738863–738869
38Section 08, Michael G. RhodesDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, John B. OwenDEF 14A2024-03-150001393612-24-000020Section “Director Compensation”. As printed: 0. Filing ↗
40Section 06, 2024 voteForm 8-K2024-05-100001193125-24-136281Item 5.07 · say-on-pay result. As reported: 91.87% (votes for as printed: 181,853,592). Filing ↗
41Section 06, 2023 voteForm 8-K2023-05-120001193125-23-143589Item 5.07 · say-on-pay result. As reported: 91.55% (votes for as printed: 193,068,199.65). Filing ↗
42Section 06, 2022 voteForm 8-K2022-05-200001193125-22-156188Item 5.07 · say-on-pay result. As reported: 95.09%. Filing ↗
43Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
44Section 09b board cost (computed)ComputedcomputedCash 1,885,001 + equity 2,096,912 + all other 0 = 3,981,913, summed across the director compensation table rows.machine: formula: Σ = 3,981,913
45Fiserv, Inc., Section 10b CEO totalDEF 14A2026-04-020001140361-26-013003CEO total compensation as printed in Fiserv, Inc.'s own proxy. As printed: 70,341,992. Filing ↗machine: t198 · r2 · c22 · span 1028715–1028725
46Capital One Financial Corporation, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124131CEO total compensation as printed in Capital One Financial Corporation's own proxy. As printed: 64,971,137. Filing ↗machine: t570 · r3 · c16 · span 1580979–1580990
47American Express Company, Section 10b CEO totalDEF 14A2026-03-250001104659-26-034163CEO total compensation as printed in American Express Company's own proxy. As printed: 46,239,805. Filing ↗machine: span 2098186–2098196
48Mastercard Incorporated, Section 10b CEO totalDEF 14A2026-04-270001141391-26-000021CEO total compensation as printed in Mastercard Incorporated's own proxy. As printed: 35,422,518. Filing ↗machine: r3 · c54 · span 1446723–1446733
49Visa Inc., Section 10b CEO totalDEF 14A2025-12-080001308179-25-000635CEO total compensation as printed in Visa Inc.'s own proxy. As printed: 31,560,660. Filing ↗machine: t249 · span 1369402–1369412
50PayPal Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145721CEO total compensation as printed in PayPal Holdings, Inc.'s own proxy. As printed: 25,243,486. Filing ↗machine: t411 · r4 · c27 · span 1387299–1387309
51Fidelity National Information Services, Inc., Section 10b CEO totalDEF 14A2026-04-280001136893-26-000026CEO total compensation as printed in Fidelity National Information Services, Inc.'s own proxy. As printed: 22,928,412. Filing ↗machine: r2 · c8 · span 2228542–2228552
52Synchrony Financial, Section 10b CEO totalDEF 14A2026-04-290001601712-26-000017CEO total compensation as printed in Synchrony Financial's own proxy. As printed: 21,373,734. Filing ↗machine: r3 · c33 · span 933831–933842
53Ally Financial, Inc., Section 10b CEO totalDEF 14A2026-03-180001193125-26-113819CEO total compensation as printed in Ally Financial, Inc.'s own proxy. As printed: 12,770,194. Filing ↗machine: t119 · r4 · c12 · span 3276441–3276451
54Citizens Financial Group, Inc., Section 10b CEO totalDEF 14A2026-03-090000759944-26-000064CEO total compensation as printed in Citizens Financial Group, Inc.'s own proxy. As printed: 12,513,920. Filing ↗machine: t218 · r2 · c12 · span 1385440–1385450
55M&T Bank Corporation, Section 10b CEO totalDEF 14A2026-03-100001193125-26-099298CEO total compensation as printed in M&T Bank Corporation's own proxy. As printed: 12,015,250. Filing ↗machine: r4 · c44 · span 1089966–1089976
56KeyCorp, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127600CEO total compensation as printed in KeyCorp's own proxy. As printed: 11,522,025. Filing ↗machine: r4 · c27 · span 1106750–1106760
57Fifth Third Bancorp, Section 10b CEO totalDEF 14A2026-03-090001193125-26-098679CEO total compensation as printed in Fifth Third Bancorp's own proxy. As printed: 11,052,366. Filing ↗machine: r5 · c39 · span 1258762–1258772
58Regions Financial Corporation, Section 10b CEO totalDEF 14A2026-03-230001281761-26-000027CEO total compensation as printed in Regions Financial Corporation's own proxy. As printed: 10,037,428. Filing ↗machine: t296 · r4 · c15 · span 1748113–1748123
59Comerica Incorporated, Section 10b CEO totalDEF 14A2025-03-170000028412-25-000135CEO total compensation as printed in Comerica Incorporated's own proxy. As printed: 8,864,041. Filing ↗machine: r2 · c27 · span 1069333–1069342
60Discover Financial Services (subject), Section 10b CEO totalDEF 14A2024-03-150001393612-24-000020CEO total compensation as printed in Discover Financial Services's own proxy. As printed: 2,188,651. Filing ↗machine: r2 · c24 · span 1380822–1380831
61Section 10a, PayPal Holdings, Inc. reciprocityDEF 14A0001193125-26-145721PayPal Holdings, Inc. names Discover Financial Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, M&T Bank Corporation reciprocityDEF 14A0001193125-26-099298M&T Bank Corporation's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
63Section 10a, American Express Company reciprocityDEF 14A0001104659-26-034163American Express Company's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
64Section 10a, Mastercard Incorporated reciprocityDEF 14A0001141391-26-000021Mastercard Incorporated names Discover Financial Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Citizens Financial Group, Inc. reciprocityDEF 14A0000759944-26-000064Citizens Financial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
66Section 10a, Fiserv, Inc. reciprocityDEF 14A0001140361-26-013003Fiserv, Inc. names Discover Financial Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Visa Inc. reciprocityDEF 14A0001308179-25-000635Visa Inc.'s most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
68Section 10a, KeyCorp reciprocityDEF 14A0001193125-26-127600KeyCorp's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
69Section 10a, Regions Financial Corporation reciprocityDEF 14A0001281761-26-000027Regions Financial Corporation's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
70Section 10a, Capital One Financial Corporation reciprocityDEF 14A0001193125-26-124131Capital One Financial Corporation's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
71Section 10a, Fifth Third Bancorp reciprocityDEF 14A0001193125-26-098679Fifth Third Bancorp's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
72Section 10a, Ally Financial, Inc. reciprocityDEF 14A0001193125-26-113819Ally Financial, Inc. names Discover Financial Services in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Synchrony Financial reciprocityDEF 14A0001601712-26-000017Synchrony Financial's most recent proxy was read; its disclosed peer group does not include Discover Financial Services. Filing ↗
74Section 10a, Fidelity National Information Services, Inc. reciprocityDEF 14A0001136893-26-000026Fidelity National Information Services, Inc. names Discover Financial Services in its own disclosed peer group (read from its most recent proxy). Filing ↗