The Chief Executive Officer of the Royal Bank of Canada (RBC), Dave McKay, receives a total annual compensation package valued at approximately CAD 23.76 million. This substantial executive remuneration consists of a modest base salary comprising roughly 8.4 percent of total pay, with the vast majority (about 91.6 percent) delivered through performance-based variable bonuses, deferred share units, and company stock options, aligning executive incentives with long-term shareholder returns and institutional growth.