CAPITAL ONE FINANCIAL CORP
For the period ended May 8, 2025. Filed Mar 27, 2025.
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May 8, 2025 · Filed Mar 27, 2025
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Contents
Additional Pay Elements
The Committee provides certain other programs intended to support the NEOs’ productivity, well-being, and security. These programs provide some level of personal benefit and are not generally available to all associates. For 2024, these programs included the following:
| ∎ | Executive term life insurance with a benefit level of $5 million |
| ∎ | The ability to participate in a comprehensive voluntary annual health screening |
| ∎ | An automobile lease or the use of transportation services |
| ∎ | The monitoring and maintenance of an electronic home security system |
| ∎ | Personal use of the corporate aircraft services |
The Committee has determined that the nature and value of these programs are comparable to those offered to similarly situated executives at our peers. Additional details on these programs can be found in the “Named Executive Officer Compensation” section beginning on page 96.
In addition, from time to time the Committee and the Independent Directors may approve discretionary bonuses to NEOs for exceptional contributions to important initiatives or for accepting incremental responsibilities. In 2024, the Company entered into a cash retention agreement with Mr. Cooper based on his expected critical role in the potential acquisition and integration of Discover. On October 1, 2024, 50% of the award, in the amount of $625,000, was earned and, subject to continuous employment and certain other conditions, the remaining 50% will be earned on the later of the closing date of the Discover Transaction and December 31, 2025.
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