How Strable-Soethout was paid
$13.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Daniel J. HoustonFormer Executive Chairman | $791,154 | $0 | $4,424,919 | $3,085,500 | $2,533,807 | $485,651 | $11,321,031 |
| Deanna D. Strable-SoethoutChair, President and Chief Executive Officer | $990,769 | $0 | $8,870,708 | $3,091,200 | $691,042 | $184,168 | $13,827,887 |
| Joel M. PitzChief Financial Officer | $498,846 | $0 | $789,890 | $804,140 | $149,566 | $54,434 | $2,296,876 |
| Kamal BhatiaPresident and CEO, Principal Asset Management | $551,500 | $0 | $2,590,039 | $4,481,020 | $0 | $29,492 | $7,652,051 |
| Amy C. FriedrichPresident, Benefits and Protection | $699,769 | $0 | $2,567,834 | $1,455,520 | $403,377 | $97,367 | $5,223,867 |
| Christopher J. LittlefieldPresident, Retirement Income Solutions | $680,385 | $1,000,000 | $2 | $1,415,200 | $170,427 | $121,220 | $5,883,743 |
What changed and why
- $1MDeanna D. Strable-Soethout was appointed President and CEO in January 2025 with an increased base salary of $1,000,000.
- 250%The annual incentive target for the CEO increased from 250% to 300% following her appointment.
- 104%Principal Financial Group Incentive Pay Plan payout for 2025 was achieved at 104% of target based on performance.
- 83%The 2023-2025 Performance Based RSUs vested with an 83% payout of the target number of shares.
- Daniel J. Houston transitioned to former Executive Chairman after serving as Chief Executive Officer until January 2025.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.