Citigroup has granted Viswas Raghavan shares worth about $41 million at their current value. Citigroup hired Viswas Raghavan as its new head of banking earlier this year. The 57-yer-old reports directly to Chief Executive Officer Jane Fraser. He got about 623,838 shares, as per a filing by Citigroup whose stock closed at $65.71 apiece on Thursday.
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The award is to replace compensation that Viswas Raghavan gave up when he left JPMorgan Chase & Co. to join Citigroup, as per the filing. The award vests in six installments from January 2026 through 2031 and is eligible for immediate sale.
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Citigroup shares have rallied 39% in the past year similar to gains at rivals like Bank of America Corp., Wells Fargo & Co. and JPMorgan.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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