Ameriprise Monetary Chairman and CEO James Cracchiolo’s complete compensation rose 24% to just about $28.4 million final 12 months, the corporate mentioned in a latest preliminary proxy assertion.

His compensation totaled greater than $22.8 million in 2022 and $21.2 million in 2021.

Cracchiolo’s 2023 pay features a $1.24 million wage, greater than $12.6 million in inventory awards, practically $8.4 million in non-equity incentive compensation and $3.36 million in possibility awards, amongst different remuneration. It additionally contains over $1.9 million in oblique compensation, such because the change in pension worth.

In 2022, by comparability, the CEO earned a $1.025 million wage, practically $10.3 million in inventory awards and $2.73 million in possibility awards.

“Led by Mr. Cracchiolo, our govt group delivered excellent outcomes whereas navigating a altering and unsure atmosphere all year long,” the corporate mentioned within the submitting. ”The annual money and long-term awards supplied to them replicate their consistency and talent to ship distinctive efficiency for our stakeholders, together with our shareholders.”