Westpac CEO Gail Kelly’s potential pay packet is growing by one-third to almost $13 million, with about $5.7 million of it in cash.
Her base pay, according to the bank’s 2014 annual report, is $3 million.
On top of that she gets a short term incentive of $2.743 million and then equity awards, granted in 2011, add a bit more than $7 million.
This takes her annual pay to about $12.8 million, up about 33% from $9.6 million 12 months ago.
The ANZ Bank’s Mike Smith gets about $10.7 million and Ian Narev at the Commonwealth about $8.1 million.