AI English summary of an SEC filing — figures as filed
Principal Financial Group PFGPrincipal Financial Group said its board named Deanna Strable, the company's chief financial officer, as president and chief operating officer on August 20, 2024. Daniel J. Houston will continue as chief executive officer and chairman of the board.
Key points
AI summaryPrincipal Financial Group said its board named Deanna Strable, the company's chief financial officer, as president and chief operating officer on August 20, 2024. Daniel J. Houston will continue as chief executive officer and chairman of the board.
The company said Strable joined it in 1990 as an actuarial assistant and served as executive vice president and chief financial officer from 2017. In her new role, she will have direct responsibility for 3 businesses: Principal Retirement and Income Solutions, Benefits and Protection, and Asset Management.
The company said its board named Joel Pitz interim chief financial officer on August 20, 2024. He will also serve as interim principal financial and accounting officer. Pitz has served as senior vice president and controller since 2021.
The company said Strable's annual base salary is $850,000 and her target annual incentive compensation is 250% of base salary. Her long-term incentive target is $5,100,000 in restricted stock units. Pitz will receive an award of $400,000 in restricted stock units with three-year cliff vesting.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Principal Names Deanna Strable President and Chief Operating Officer
Principal Financial Group said its board named Deanna Strable, the company's chief financial officer, as president and chief operating officer on August 20, 2024. Daniel J. Houston will continue as chief executive officer and chairman of the board.
Source · Based on the filing body and exhibits
Deanna Strable's Career and Business Responsibilities
The company said Strable joined it in 1990 as an actuarial assistant and served as executive vice president and chief financial officer from 2017. In her new role, she will have direct responsibility for 3 businesses: Principal Retirement and Income Solutions, Benefits and Protection, and Asset Management.
Source · Based on the filing body and exhibits
Joel Pitz Named Interim Chief Financial Officer
The company said its board named Joel Pitz interim chief financial officer on August 20, 2024. He will also serve as interim principal financial and accounting officer. Pitz has served as senior vice president and controller since 2021.
Source · Based on the filing body and exhibits
Compensation Terms for Appointments
The company said Strable's annual base salary is $850,000 and her target annual incentive compensation is 250% of base salary. Her long-term incentive target is $5,100,000 in restricted stock units. Pitz will receive an award of $400,000 in restricted stock units with three-year cliff vesting.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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