Citi Lifts CEO Fraser’s Pay 22% to $42 Million After Stock Surge

Citigroup Inc. boosted the pay of Chief Executive Officer Jane Fraser to $42 million for 2025, putting her among the highest paid US banking heads.

The 22% increase, disclosed in a filing Thursday, follows a year in which Citigroup’s stock rose 66%, more than any other Wall Street bank. The pay bump puts Fraser’s total package for the year just $1 million behind that of JPMorgan Chase & Co.’s Jamie Dimon.

The compensation includes $1.5 million base, $6.1 million of a cash incentive award and the rest in stock awards. It follows a retention bonus granted to Fraser when ...