Citigroup Enhances Stock Plan and Elects Board Directors

Citigroup (C) has provided an announcement.

Citigroup Inc. stockholders, guided by the Board’s recommendation, have greenlighted an extension and revision of the 2019 Stock Incentive Plan, extending its life by five years and increasing the share pool by 30 million. Along with adjusting minimum vesting and performance conditions, the plan now includes mandatory clawback terms as stipulated by the Dodd-Frank Act. Additionally, the annual meeting saw the election of 13 directors, the ratification of KPMG LLP as auditors, approval of executive compensation for 2023, and the dismissal of several stockholder proposals concerning board policy and social responsibility reporting.

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