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Performance shares generally comprise at least 50 percent of a typical chief executive's long-term incentive award, consultants say.
On New Year's Eve, Wells issued a statement saying that Mr. Stumpf would receive another allotment of so-called performance shares -- worth up to $15.4 million.
According to RSA's annual report, Hester holds 21,500 RSA shares and last year was awarded 585,431 performance shares which vest in 2017.
Chubb also uses "performance shares," which can typically be redeemed only after three years and only if the company clears specific hurdles.
In 2000, for example, the performance shares it handed out in 1998 were worthless because the company did not hit those targets.
He also reaped a windfall of almost £20m by cashing in millions of performance shares as a result of the controversial £11.4bn takeover by Kraft.
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For 2012, Mr. Corbat was awarded $3.1 million in performance share units.
Glynn will get £100,000 for "failure to grant a performance share award in March 2015".
Little wonder, then, if song and performance share some of the qualities of a dream.
But now a new segment of the pay, called performance share units, will be linked to the new metrics.
In this year's annual report, HSBC said he was eligible for the group performance share plan in exceptional circumstances.
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