The Financial Post reports in its Saturday edition that the top executives at three of Canada's biggest banks took home less than their target pay last year, according to new filings. A Bloomberg dispatch to the Post says that of the four largest lenders that have disclosed annual chief executive officer compensation so far -- RBC, Scotiabank, BMO and CIBC -- only Royal Bank's Dave McKay took home more than his target compensation in fiscal 2023. Bank of Montreal's Darryl White was paid $11.2-million in direct compensation, below the board's $11.8-million target. Including pension amounts and non-cash benefits, Mr. White's pay was $12.5-million, down from $14.3-million in 2022. Scotiabank's Scott Thomson stepped into the CEO role on Feb. 1 last year and his compensation was pro rated to reflect that. The board awarded him $7.7-million in direct pay, $1-million less than his target. His total compensation including pension and other benefits was $9.4-million. CIBC's Victor Dodig's target for direct compensation was set at $11-million and CIBC's board awarded him $10.7-million, reflecting a shortfall on financial targets. His total compensation was up slightly from the previous year at $11.2-million.