How Sullivan was paid
$11.4M 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 |
|---|---|---|---|---|---|---|---|
| Andrew F. SullivanChairman and Chief Executive Officer | $1,089,205 | — | $4,618,266 | $4,664,000 | $569,312 | $467,640 | $11,408,423 |
| Charles F. LowreySenior Advisor, Former Executive Chairman and Former Chief Executive Officer | $1,098,485 | — | $12,930,897 | $3,524,500 | $950,938 | $126,826 | $18,631,646 |
| Yanela C. FriasExecutive Vice President and Chief Financial Officer | $683,333 | — | $2,955,782 | $1,855,000 | $471,111 | $47,538 | $6,012,764 |
| Jacques ChappuisExecutive Vice President, Head of Global Asset Management | $527,652 | $13,400,000 | $9,000,155 | — | $38,064 | $32,514 | $22,998,385 |
| Caroline A. FeeneyFormer Executive Vice President, Head of Global Retirement & Insurance Businesses | $894,602 | — | $4,017,999 | $3,021,000 | $685,274 | $49,413 | $8,668,288 |
| Scott E. CaseExecutive Vice President, Chief Technology and Process Officer | $700,000 | — | $3,655,031 | $1,744,000 | $89,723 | $45,929 | $6,234,683 |
| Robert M. FalzonFormer Vice Chairman | $766,182 | — | $11,268,412 | $1,823,000 | $1,080,932 | $42,471 | $14,980,997 |
What changed and why
- Andrew F. Sullivan became Chief Executive Officer on March 31, 2025, succeeding Charles F. Lowrey.
- $11.4MCEO total compensation for 2025 was $11,408,423 compared to $11,065,430 in 2024.
- Adjusted EPS, ROE, and Adjusted BVPS are the most important metrics linking pay to performance.
- $101KThe CEO to median employee pay ratio for 2025 was 198 to 1 based on median employee pay of $100,551.
- $7.8MJacques P. Chappuis joined as Executive Vice President, Head of Global Asset Management with a $7.8M signing bonus.
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.