PRINCIPAL FINANCIAL GROUP INC
For the period ended May 19, 2026. Filed Apr 6, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 19, 2026 · Filed Apr 6, 2026
Contents
Pay versus performance table
Pay versus performance table
The information below is provided pursuant to the SEC pay versus performance disclosure requirements set forth in Item 402(v) of SEC Regulation S-K, which requires companies to disclose certain information about the relationship between performance and the compensation of Named Executive Officers.
| · · · · Summary compensation table total for PEO 11 · · · · · · · · · Summary compensation table total for PEO 22 · · · Compensation actually paid to PEO 22,4 · · · Average summary compensation table total for non-PEO NEOs3,4 · · · Average compensation actually paid to non-PEO NEOs3,4 · · · Value of initial fixed $100 investment based on: · · · · · · · · · Non-GAAP operating earnings (in millions)6 · | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| · Year · · · Compensation actually paid to PEO11,4 · · · Total shareholder return · · · Peer group total shareholder return5 · · · Net income (in millions)6 · | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | 2025 | | | | | $11,321,031 | | | | | | $13,186,985 | | | | | | $13,827,887 | | | | | | $15,267,075 | | | | | | $5,264,135 | | | | | | $6,038,261 | | | | | | $212.98 | | | | | | $203.47 | | | | | | $1,255.50 | | | | | | $1,865.50 | | |
| | 2024 | | | | | $16,438,184 | | | | | | $14,201,915 | | | | | | | | | | | | | | | | | | $4,519,834 | | | | | | $4,208,952 | | | | | | $170.59 | | | | | | $173.90 | | | | | | $1,597.90 | | | | | | $1,640.50 | | |
| | 2023 | | | | | $15,118,828 | | | | | | $12,277,460 | | | | | | | | | | | | | | | | | | $5,445,220 | | | | | | $4,620,616 | | | | | | $167.46 | | | | | | $141.43 | | | | | | $670.10 | | | | | | $1,602.80 | | |
| | 2022 | | | | | $13,804,149 | | | | | | $22,337,042 | | | | | | | | | | | | | | | | | | $4,697,081 | | | | | | $6,610,684 | | | | | | $172.34 | | | | | | $128.51 | | | | | | $4,852.20 | | | | | | $1,700.90 | | |
| | 2021 | | | | | $17,566,163 | | | | | | $30,384,681 | | | | | | | | | | | | | | | | | | $5,217,527 | | | | | | $7,526,148 | | | | | | $143.50 | | | | | | $136.28 | | | | | | $1,757.40 | | | | | | $1,847.60 | | |
Daniel J. Houston served as Chief Executive Officer until January 7, 2025 and in all prior years.
Deanna D. Strable-Soethout was our Chief Executive Officer beginning January 7, 2025.
During 2025, our non-PEO-NEOs consisted of Kamal Bhatia, Amy C. Friedrich, Christopher J. Littlefield, and Joel M. Pitz. During 2024, our non-PEO-NEOs consisted of Deanna D. Strable-Soethout, Kamal Bhatia, Amy C. Friedrich, Christopher J. Littlefield, and Joel M. Pitz. During 2023, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich, and Vivek Agrawal. During 2022, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich, and Natalie Lamarque. During 2021, our non-PEO NEOs consisted of Deanna D. Strable-Soethout, Patrick G. Halter, Amy C. Friedrich and Renee Schaff.
Adjustments were as follows:
| · · · · 2025 · | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Adjustments to determine “compensation actually paid” for PEO and non-PEO NEOs · · · PEO 1 · · · PEO 2 · · · NEOs · | ||||||||||||||||||||
| | Deduction for Change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT | | | | | $2,533,807 | | | | | | $691,042 | | | | | | $180,843 | | |
| | Increase for “Service Cost” for Pension Plans | | | | | $444,189 | | | | | | $267,653 | | | | | | $102,847 | | |
| | Increase for “Prior Service Cost” for Pension Plans | | | | | $0 | | | | | | $0 | | | | | | $0 | | |
| | Deduction for Amounts Reported under the “Stock Awards” Column in the SCT | | | | | $4,424,919 | | | | | | $8,870,708 | | | | | | $2,111,069 | | |
| | Deduction for Amounts Reported under the “Option Awards” Column in the SCT | | | | | $0 | | | | | | $0 | | | | | | $0 | | |
| | Increase for Fair Value of Awards Granted during year that Remain Unvested as of Year-end | | | | | $4,544,473 | | | | | | $9,110,381 | | | | | | $2,168,106 | | |
| | Increase for Fair Value of Awards Granted during year that Vest during year | | | | | $0 | | | | | | $0 | | | | | | $0 | | |
| | Increase/deduction for Change in Fair Value from prior Year-end to current Year-end of Awards Granted Prior to year that were Outstanding and Unvested as of Year-end | | | | | $1,769,311 | | | | | | $655,102 | | | | | | $354,240 | | |
| | Increase/deduction for Change in Fair Value from prior Year-end to Vesting Date of Awards Granted Prior to year that Vested during year | | | | | $913,293 | | | | | | $284,278 | | | | | | $169,429 | | |
| | Deduction of Fair Value of Awards Granted Prior to year that were Forfeited during year | | | | | $0 | | | | | | $0 | | | | | | $0 | | |
| | Increase based upon Incremental Fair Value of Awards Modified during year | | | | | $0 | | | | | | $0 | | | | | | $0 | | |
| | Increase based on Dividends or Other Earnings Paid during year prior to Vesting Date of Award | | | | | $1,153,414 | | | | | | $683,524 | | | | | | $271,416 | | |
| | Total Adjustments | | | | | $1,865,954 | | | | | | $1,439,188 | | | | | | $774,126 | | |
| | | | 2026 Proxy Statement | | | 75 | |
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