Empowering leadership
May 2025
Larger STI payouts and LTI grants resulted in a 9% increase in median TDC for same-incumbent CEOs in FY2024
Mercer's initial early filers findings on TSX 60 executive compensation trends for fiscal year 2024. This represents the first in a series of focused analyses we'll be releasing over the coming weeks, diving deeper into key areas such as ESG integration in incentive structures, annual changes in Board of Director compensation, short- and long-term incentive plan architecture, share ownership requirements, and clawback provisions.
P50 actual TDC for same-incumbent CEOs is up 9%
Higher STI payouts and LTI grants are the main drivers of the increase
Higher STI payouts and LTI grants are the main drivers of the increase
CEO STI payouts are above target and up relative to 2023
Consistent with the YoY EBITDA growth, median STI payouts (as a % of target) increased in FY2024 relative to FY2023
Consistent with the YoY EBITDA growth, median STI payouts (as a % of target) increased in FY2024 relative to FY2023
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