Citigroup chief executive Michael Corbat received a compensation package valued at $24m in 2018, a 4% raise from the $23m he earned in the prior year, according to a securities filing.

For the year, he earned a base salary of $1.5m, unchanged from the prior year, and a $6.75m cash bonus, up from the $6.45m in 2017, according to the filing with the Securities and Exchange Commission. The rest of his pay package is made up of about $7.88m in equity awards and a long-term performance-based pay worth $7.88m.