According to an SEC filing, the bank's five named executives are Gerspach; Vice Chairman Ned Kelly; Havens; Manuel Medina-Mora, CEO of Consumer Banking For the Americas; and Alberto Verme, CEO of Europe, Middle East and Africa.
Pay granted to the named executives could end up being much higher or lower, depending on Citi's share price when they cash in those shares.
Many expect that once the government's stock sale is complete, Citi's shares, down 91 percent over the last three years, are poised for a rebound.
In keeping with a structure endorsed by the former Special Master for Executive Compensation, Kenneth Feinberg, Citi's 2010 pay plan is light on cash salary and heavy on salarized stock, or stock subject to certain vesting conditions.
Citi repaid $20 billion in TARPfunds and is no longer required to follow the guidelines of the Special Master's office.
However, because the government still owns a stake in the company (last estimated to be at 18 percent), Citi is subject to certain restrictions on incentive pay under the Dodd-Frank Act.
Under the new financial regulations incentive, neither pay nor bonuses can be more than a third of an executive's total compensation. That limit will likely not apply next year, because the government is expected to complete the sale of its Citi holdings by the end of 2010.