Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-07-27

Interpublic Group of Companies (IPG)

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.

$14,441,360
Philippe Krakowsky total, FY2023
CEO pay percentile vs peers
205:1
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against IPG
4 companies name IPG as a compensation peer

Each company listed discloses IPG 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 IPG 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
Philippe Krakowsky$1,500,000$0$6,663,055$0$6,055,600$38,695$184,010$14,441,360
Chief Executive Officer
Ellen Johnson1,000,00002,220,99601,875,0000114,2635,210,259
EVP and Chief Financial Officer
Andrew Bonzani900,00001,522,97801,580,0000105,7024,108,680
EVP and General Counsel
Christopher Carroll700,0000539,3880690,000083,6712,013,059
SVP, Controller and Chief Accounting Officer

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
Philippe Krakowsky$14,441,360$13,209,442$17,371,647+1,231,918
Ellen Johnson5,210,2595,657,094−446,835
Andrew Bonzani4,108,6805,297,664−1,188,984
Christopher Carroll2,013,0592,574,784−561,725

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
Ellen JohnsonRSU2023-02-28032,700$1,166,654
Ellen JohnsonPSU2023-02-28032,70065,4001,054,342
Philippe KrakowskyPSU2023-02-28098,101196,2023,163,057
Philippe KrakowskyRSU2023-02-2898,1013,499,998
Christopher CarrollPSU2023-02-2807,94215,884256,073
Christopher CarrollRSU2023-02-287,941283,315
Andrew BonzaniRSU2023-02-2822,423799,997
Andrew BonzaniPSU2023-02-28022,42344,846722,982
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ellen Johnson$1,166,654$1,054,342$047.5%
Philippe Krakowsky3,499,9983,163,057047.5%
Christopher Carroll283,315256,073047.5%
Andrew Bonzani799,997722,982047.5%

% 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
Andrew BonzaniRSU21,804$711,683
Philippe KrakowskyRSU98,1013,202,017
Ellen JohnsonPSU24,984815,478
Ellen JohnsonPSU32,7001,067,328
Christopher CarrollRSU7,722252,046
Ellen JohnsonRSU45,1831,474,773
Philippe KrakowskyRSU81,7662,668,842
Ellen JohnsonRSU32,7001,067,328
Andrew BonzaniRSU41,3381,349,272
Ellen JohnsonRSU24,984815,478
Andrew BonzaniPSU22,423731,887
Christopher CarrollPSU7,942259,227
Andrew BonzaniPSU21,804711,683
Christopher CarrollRSU14,420470,669
Philippe KrakowskyRSU168,2385,491,288
Philippe KrakowskyRSU168,2365,491,223
Philippe KrakowskyPSU98,1013,202,017
Philippe KrakowskyPSU81,7662,668,842
Ellen JohnsonRSU45,1841,474,806
Christopher CarrollRSU34,0751,112,208
Andrew BonzaniRSU22,423731,887
Christopher CarrollRSU7,941259,194
Christopher CarrollPSU7,722252,046
Philippe KrakowskyOption250,00023.33
05

Incentive-plan design — the Compensation Discussion & Analysis

OUR COMPENSATION PHILOSOPHY REMAINS TO PROVIDE A PERFORMANCE-BASED, MARKET-COMPETITIVE TOTAL COMPENSATION PROGRAM THAT: Supports our talent needs and business objectives; Ties a significant portion of pay to operational performance to enhance stockholder value; Aligns with the interests of our stockholders and other key stakeholders.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)205 : 1
CEO total compensation$14,441,360
Median employee compensation$70,319
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David M. ThomasIndependent · Board Chair · Compensation and Leadership Talent · Corporate Governance and Social Responsibility · Executive$175,000$300,000$0$20,000$495,000
Mary J. Steele GuilfoileIndependent · Audit (Chair) · Corporate Governance and Social Responsibility135,000225,000020,000380,000
E. Lee Wyatt JrIndependent · Audit · Compensation and Leadership Talent (Chair)130,000225,000020,000375,000
Jocelyn Carter-MillerIndependent · Audit · Corporate Governance and Social Responsibility (Chair)125,000225,000017,745367,745
Patrick Q. MooreIndependent · Audit · Compensation and Leadership Talent100,000225,000020,000345,000
Jonathan F. MillerIndependent · Compensation and Leadership Talent · Corporate Governance and Social Responsibility100,000225,000020,000345,000
Linda S. SanfordIndependent · Audit · Corporate Governance and Social Responsibility100,000225,000020,000345,000
Dawn HudsonIndependent · Compensation and Leadership Talent · Corporate Governance and Social Responsibility100,000225,000010,600335,600
Jorge L. BenitezIndependent · Audit · Compensation and Leadership Talent33,500150,000013,500197,000
Philippe KrakowskyEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$225,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 30,000 / 25,000
Stock ownership guidelineWe enforce share ownership guidelines (SOGs) for our Non-Management Directors, NEOs and other senior executives. The SOGs are expressed as multiples of base salary.
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$998,500
Equity awards (grant-date value)$2,025,000
All other compensation$161,845
Total cost of the board$3,185,345

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 Interpublic Group of Companies 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 Interpublic Group of Companies.

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
1Omnicom Group Inc.2025John Wren$416,667$0$69,280,000$0$69,865,846
2Nexstar Media Group2025Perry Sook3,000,00029,584,40504,085,07239,509,740
3Fox Corporation2025Lachlan Murdoch3,000,00010,594,8602,750,00010,680,00032,980,954
4Electronic Arts Inc.2025Andrew Wilson1,300,00025,710,91002,840,06730,529,835
5eBay Inc.2025Jamie Iannone1,000,00023,518,31003,570,00028,463,890
6Cognizant Technology Solutions2025Ravi Kumar1,300,00015,824,49804,394,00021,532,448
7News Corporation2025Robert Thomson3,000,00010,039,38106,806,66720,623,729
8Gartner2025Eugene Hall985,18511,619,4774,979,9321,483,65519,226,580
9Interpublic Group of Companies2023Philippe Krakowsky1,500,0006,663,05506,055,60014,441,360
10Sinclair Broadcast Group2025Christopher Ripley1,000,0006,761,54302,079,65210,824,228
11Sirius XM Holdings Inc.2025Jennifer Witz2,000,000006,000,0008,012,795
12Lions Gate Entertainment Corp.2025Jeffrey Hirsch1,162,8772,530,99402,950,4936,753,823
13Take-Two Interactive2026Strauss Zelnick1000403,019
14Activision Blizzard, Inc.2022Robert Kotick62,500000178,882
Nielsen Holdings plcnot in coverage universe
Paramount Globalnot in coverage universe
Thomson-Reuters Corporationnot in coverage universe
WPP plcnot in coverage universe

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
Interpublic Group of Companies56%PSU 33 · Cash LTI 33 · RSU 33NoMeridian Compensation Partners, LLC
Activision Blizzard, Inc.87.5%not disclosedNoExequity
Cognizant Technology Solutions169%PSU 60 · RSU 40Yes — total shareholder return (TSR)Pay Governance
eBay Inc.179%PSU 60 · RSU 40Yes — Relative total shareholder return (rTSR)Pay Governance
Electronic Arts Inc.87.4%PSU 60 · RSU 40Yes — Absolute TSRSemler Brossy
Fox Corporation178%RSU 50 · Options 25 · PSU 25YesFW Cook
Gartner119.6%PSU 70 · Options 30NoExequity
Lions Gate Entertainment Corp.85.4%PSU 70 · RSU 30NoPay Governance
News Corporation136%PSU 70 · RSU 30Yes — Relative TSR percentileFrederic W. Cook & Co., Inc.
Nexstar Media Group113%RSU 50 · PSU 50Yes — Relative TSR vs Peer GroupMeridian
Nielsen Holdings plcnot disclosednot disclosednot disclosednot disclosed
Omnicom Group Inc.130.8%Options 100not disclosedFW Cook
Paramount Global164.2%PSU 50 · RSU 50NoClearBridge
Sinclair Broadcast Groupnot disclosednot disclosednot disclosednot disclosed
Sirius XM Holdings Inc.102%not disclosedNoMeridian Compensation Partners, LLC
Take-Two Interactive152.4%PSU 67 · RSU 33Yes — Relative TSRFrederic W. Cook & Co., Inc.
Thomson-Reuters Corporationnot disclosednot disclosednot disclosednot disclosed
WPP plcnot disclosednot disclosednot disclosednot disclosed

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, Philippe KrakowskyDEF 14A2024-04-120001193125-24-094907Section “Summary Compensation Table” · page 53. As printed: 14,441,360. Filing ↗machine: t213 · r2 · c35 · span 881467–881477
2Section 01, Ellen JohnsonDEF 14A2024-04-120001193125-24-094907Section “Summary Compensation Table”. As printed: 5,210,259. Filing ↗machine: t213 · r5 · c35 · span 902088–902097
3Section 01, Andrew BonzaniDEF 14A2024-04-120001193125-24-094907Section “Summary Compensation Table”. As printed: 4,108,680. Filing ↗machine: t213 · r8 · c35 · span 921372–921381
4Section 01, Christopher CarrollDEF 14A2024-04-120001193125-24-094907Section “Summary Compensation Table”. As printed: 2,013,059. Filing ↗machine: t213 · r11 · c35 · span 941981–941990
5Section 03, Ellen Johnson RSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t155 · r10 · c3 · span 673923–673924
6Section 03, Ellen Johnson PSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r5 · c4 · span 772737–772743
7Section 03, Philippe Krakowsky PSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r4 · c4 · span 771687–771693
8Section 03, Philippe Krakowsky RSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r4 · c4 · span 771687–771693
9Section 03, Christopher Carroll PSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r7 · c4 · span 774842–774847
10Section 03, Christopher Carroll RSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r7 · c8 · span 775094–775099
11Section 03, Andrew Bonzani RSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r6 · c4 · span 773794–773800
12Section 03, Andrew Bonzani PSUDEF 14A2024-04-120001193125-24-094907Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t179 · r6 · c4 · span 773794–773800
13Section 07, pay ratioDEF 14A0001193125-24-094907Section “CEO Pay Ratio”. As printed: 205 : 1.machine: span 1612154–1612159
14Section 08, David M. ThomasDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 495,000. Filing ↗machine: t121 · r18 · c19 · span 566625–566632
15Section 08, Mary J. Steele GuilfoileDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 380,000. Filing ↗machine: t121 · r8 · c19 · span 557694–557701
16Section 08, E. Lee Wyatt JrDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 375,000. Filing ↗machine: t121 · r20 · c19 · span 569086–569093
17Section 08, Jocelyn Carter-MillerDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 367,745. Filing ↗machine: t121 · r6 · c19 · span 555929–555936
18Section 08, Patrick Q. MooreDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 345,000. Filing ↗machine: t121 · r14 · c19 · span 563062–563069
19Section 08, Jonathan F. MillerDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 345,000. Filing ↗machine: t121 · r12 · c19 · span 561255–561262
20Section 08, Linda S. SanfordDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 345,000. Filing ↗machine: t121 · r16 · c19 · span 564819–564826
21Section 08, Dawn HudsonDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 335,600. Filing ↗machine: t121 · r10 · c19 · span 559496–559503
22Section 08, Jorge L. BenitezDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 197,000. Filing ↗machine: t121 · r4 · c19 · span 554117–554124
23Section 08, Philippe KrakowskyDEF 14A2024-04-120001193125-24-094907Section “Director Compensation”. As printed: 0. Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 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
26Section 09b board cost (computed)ComputedcomputedCash 998,500 + equity 2,025,000 + all other 161,845 = 3,185,345, summed across the director compensation table rows.machine: formula: Σ = 3,185,345
27Omnicom Group Inc., Section 10b CEO totalDEF 14A2026-03-260001213900-26-034811CEO total compensation as printed in Omnicom Group Inc.'s own proxy. As printed: 69,865,846. Filing ↗machine: r7 · c20 · span 1800102–1800112
28Nexstar Media Group, Section 10b CEO totalDEF 14A2026-04-300001142417-26-000016CEO total compensation as printed in Nexstar Media Group's own proxy. As printed: 39,509,740. Filing ↗machine: r2 · c14 · span 1843852–1843863
29Fox Corporation, Section 10b CEO totalDEF 14A2025-09-250001628280-25-042772CEO total compensation as printed in Fox Corporation's own proxy. As printed: 32,980,954. Filing ↗machine: span 656057–656067
30Electronic Arts Inc., Section 10b CEO totalDEF 14A2025-06-240001308179-25-000556CEO total compensation as printed in Electronic Arts Inc.'s own proxy. As printed: 30,529,835. Filing ↗machine: t128 · r2 · c14 · span 604029–604039
31eBay Inc., Section 10b CEO totalDEF 14A2026-04-300001552781-26-000285CEO total compensation as printed in eBay Inc.'s own proxy. As printed: 28,463,890. Filing ↗machine: t357 · r8 · c9 · span 939586–939596
32Cognizant Technology Solutions, Section 10b CEO totalDEF 14A2026-04-170001308179-26-000290CEO total compensation as printed in Cognizant Technology Solutions's own proxy. As printed: 21,532,448. Filing ↗machine: span 1005982–1005992
33News Corporation, Section 10b CEO totalDEF 14A2025-10-080001140361-25-037696CEO total compensation as printed in News Corporation's own proxy. As printed: 20,623,729. Filing ↗machine: r2 · c22 · span 1207318–1207329
34Gartner, Section 10b CEO totalDEF 14A2026-04-150000749251-26-000159CEO total compensation as printed in Gartner's own proxy. As printed: 19,226,580. Filing ↗machine: r2 · c21 · span 686397–686407
35Interpublic Group of Companies (subject), Section 10b CEO totalDEF 14A2024-04-120001193125-24-094907CEO total compensation as printed in Interpublic Group of Companies's own proxy. As printed: 14,441,360. Filing ↗machine: t213 · r2 · c35 · span 881467–881477
36Sinclair Broadcast Group, Section 10b CEO totalDEF 14A2026-04-230001971213-26-000017CEO total compensation as printed in Sinclair Broadcast Group's own proxy. As printed: 10,824,228. Filing ↗machine: r5 · c36 · span 517565–517575
37Sirius XM Holdings Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041777CEO total compensation as printed in Sirius XM Holdings Inc.'s own proxy. As printed: 8,012,795. Filing ↗machine: r2 · c53 · span 986498–986507
38Lions Gate Entertainment Corp., Section 10b CEO totalDEF 14A2026-04-020000929351-26-000021CEO total compensation as printed in Lions Gate Entertainment Corp.'s own proxy. As printed: 6,753,823. Filing ↗machine: t153 · r2 · c16 · span 880473–880482
39Take-Two Interactive, Section 10b CEO totalDEF 14A2026-07-270001628280-26-049813CEO total compensation as printed in Take-Two Interactive's own proxy. As printed: 403,019. Filing ↗machine: r2 · c6 · span 2040595–2040602
40Activision Blizzard, Inc., Section 10b CEO totalDEF 14A2023-05-010001308179-23-000834CEO total compensation as printed in Activision Blizzard, Inc.'s own proxy. As printed: 178,882. Filing ↗machine: span 1159949–1159956
41Section 10a, Electronic Arts Inc. reciprocityDEF 14A0001308179-25-000556Electronic Arts Inc.'s most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
42Section 10a, News Corporation reciprocityDEF 14A0001140361-25-037696News Corporation names Interpublic Group of Companies in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Omnicom Group Inc. reciprocityDEF 14A0001213900-26-034811Omnicom Group Inc.'s most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
44Section 10a, Sinclair Broadcast Group reciprocityDEF 14A0001971213-26-000017Sinclair Broadcast Group's most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
45Section 10a, Sirius XM Holdings Inc. reciprocityDEF 14A0001104659-26-041777Sirius XM Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
46Section 10a, Activision Blizzard, Inc. reciprocityDEF 14A0001308179-23-000834Activision Blizzard, Inc.'s most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
47Section 10a, Cognizant Technology Solutions reciprocityDEF 14A0001308179-26-000290Cognizant Technology Solutions's most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
48Section 10a, Fox Corporation reciprocityDEF 14A0001628280-25-042772Fox Corporation's most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
49Section 10a, Gartner reciprocityDEF 14A0000749251-26-000159Gartner names Interpublic Group of Companies in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Lions Gate Entertainment Corp. reciprocityDEF 14A0000929351-26-000021Lions Gate Entertainment Corp.'s most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
51Section 10a, Nexstar Media Group reciprocityDEF 14A0001142417-26-000016Nexstar Media Group's most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
52Section 10a, Paramount Global reciprocityDEF 14A0001140361-25-021135Paramount Global's most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗
53Section 10a, Take-Two Interactive reciprocityDEF 14A0001628280-26-049813Take-Two Interactive's most recent proxy was read; its disclosed peer group does not include Interpublic Group of Companies. Filing ↗