McKay, who has been at the helm of the bank since 2014, is one of the longest-tenured CEOs among RBC's Canadian and U.S. peers. His 2024 salary jumped 61% from a year earlier, when he earned C$15. ...

Mr. McKay made $16.13-million in fiscal 2023. Part of the 2024 stock award was a special grant in December valued at $4-million. RBC said Mr. McKay will get the stock in three years if the bank ...

Excluding the C$4M special award, McKay's total compensation came to C$20.5M, reflecting "RBC’s financial and strategic strength across its global footprint, which resulted in record earnings ...

RBC noted McKay's role in guiding the company through the "once-in-a-generation acquisition" of HSBC Canada for C$13.5 billion, as well as his stewardship in bolstering RBC's existing businesses.