• A shareholder proposal seeks to cap executive severance at Capital One Financial (NYSE:COF) at 2.99 times base salary plus target bonus.
• The proposal would require shareholder approval for any senior manager pay package that exceeds this threshold.
• Capital One has filed a definitive proxy statement recommending that shareholders vote against the proposal at its May annual meeting.

Capital One Financial, the parent of Capital One Bank, operates across credit cards, consumer lending, and commercial banking. This keeps executive pay and incentives closely watched by investors. Executive compensation and severance terms are a recurring focus across large financial institutions, as shareholders weigh how pay structures align with risk,…