Citigroup (NYSE:C) whose shareholders rejected its former leader's pay package, gave new Chief Executive Officer Michael Corbat an $11.5 million compensation deal for 2012.

The payout for 2012 includes a $4.18 million cash bonus and $3.14 million of so-called performance share units, or PSUs, according to a regulatory filing on Thursday. Citigroup introduced the PSUs as a part of executive compensation after discussions with almost 20 shareholders, the New York-based lender said.

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