Mary Barra Base Salary and Annual Cash Compensation
Mary Barra's base salary for 2024 remains in the high six-figure range, consistent with her role as Chairman and CEO of General Motors. Her annual cash compensation includes the base salary plus any performance-based bonuses tied to company and individual goals. The exact figures are disclosed in the proxy statement filed with the SEC, which outlines the salary and short-term incentive plan for the fiscal year. For the latest breakdown, see the GM proxy filing on the SEC website General Motors 2024 Proxy Statement.
Her base salary is set by the Compensation and Human Resources Committee of the GM Board of Directors and is reviewed annually against peer benchmarks in the automotive and industrial sectors. The committee considers company performance, market conditions, and retention needs when determining the cash components of her pay. This process is documented in the proxy statement and discussed in investor presentations available on the GM investor relations site General Motors Investor Relations.
Mary Barra Equity Awards and Long-Term Incentives
A significant portion of Mary Barra's total compensation comes from equity awards, including performance shares and stock options granted under General Motors' long-term incentive plan. These awards are designed to align her interests with those of shareholders by tying payouts to multi-year financial and operational targets. The 2024 equity grant values are detailed in the proxy statement, which reports the grant date fair value and the number of shares or units awarded.
Performance Share Units and Stock Options
The performance share units are earned based on relative total shareholder return and other metrics over a three-year performance period. Any stock options granted alongside these units have specific vesting schedules and exercise prices set at the time of the grant. The proxy statement provides tables showing the expected payout values under different performance scenarios, giving investors transparency into the potential value of her long-term incentives.
Mary Barra Total Compensation and Comparison
Mary Barra's total compensation for 2024 combines her base salary, cash bonus, equity awards, and any other benefits. The total reported figure is the sum of all these components as disclosed in the annual proxy statement. This total compensation is compared against peer CEOs in the automotive industry to assess competitiveness and alignment with company performance.
Analysts and compensation consultants often reference her pay in the context of GM's stock price performance and strategic initiatives during the year. The company's investor relations materials and third-party compensation surveys provide additional context for evaluating her total pay package relative to industry standards and GM's financial results.