AI English summary of an SEC filing — figures as filed
Principal Financial Group PFGThe company said it named Joel Pitz executive vice president and chief financial officer on May 19, 2025. Pitz joined the company in 1995 and served as senior vice president and interim chief financial officer starting in August 2024.
Key points
AI summaryThe company said it named Joel Pitz executive vice president and chief financial officer on May 19, 2025. Pitz joined the company in 1995 and served as senior vice president and interim chief financial officer starting in August 2024.
The company said Pitz will receive an annual base salary of $552,500, an annual target incentive equal to 200% of base salary, and a long-term incentive target of $2,348,125 in restricted stock units.
The company said Pitz served as senior vice president and controller from 2021 to August 2024, and as vice president and chief financial officer, Principal International, from 2016 to 2021.
The company said Kristine Pitz, Pitz's spouse, has worked for the company as Director – Accounting since 1995 and received $225,034 in base salary and bonuses in 2024. The company said her compensation was approved by the Human Resources Committee, which is composed solely of independent directors. The news release said Pitz succeeds Deanna Strable.
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.
Joel Pitz Named Executive Vice President and Chief Financial Officer
The company said it named Joel Pitz executive vice president and chief financial officer on May 19, 2025. Pitz joined the company in 1995 and served as senior vice president and interim chief financial officer starting in August 2024.
Source · Based on the filing body and exhibits
Pitz's Base Salary and Long-Term Incentive Compensation Terms
The company said Pitz will receive an annual base salary of $552,500, an annual target incentive equal to 200% of base salary, and a long-term incentive target of $2,348,125 in restricted stock units.
Source · Based on the filing body and exhibits
Pitz's Prior Positions
The company said Pitz served as senior vice president and controller from 2021 to August 2024, and as vice president and chief financial officer, Principal International, from 2016 to 2021.
Source · Based on the filing body and exhibits
Disclosure of Spouse Kristine Pitz's Compensation and Succession
The company said Kristine Pitz, Pitz's spouse, has worked for the company as Director – Accounting since 1995 and received $225,034 in base salary and bonuses in 2024. The company said her compensation was approved by the Human Resources Committee, which is composed solely of independent directors. The news release said Pitz succeeds Deanna Strable.
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.
Loading the filing text…