Michael Farrell
2022
In 2022, Michael Farrell earned a total compensation of $11.7M as Chief executive officer at ResMed, a 12% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,349,578 |
|---|---|
| Salary | $1,080,608 |
| Stock Awards | $9,000,000 |
| Other | $229,024 |
| Total | $11,659,210 |
Farrell received $9M in stock awards, accounting for 77% of the total pay in 2022.
Farrell also received $1.3M in non-equity incentive plan, $1.1M in salary and $229K in other compensation.
Rankings
In 2022, Michael Farrell's compensation ranked 196th out of 5,503 executives tracked by ExecPay. In other words, Farrell earned more than 96.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 196 out of 5,503 | 96th |
Division Manufacturing | 74 out of 2,982 | 98th |
Major group Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks | 7 out of 458 | 99th |
Industry group Surgical, Medical, And Dental Instruments And Supplies | 4 out of 325 | 99th |
Industry Surgical and Medical Instruments and Apparatus | 3 out of 239 | 99th |
Pay ratio
| Michael Farrell's Pay | $11,659,210 |
|---|---|
| Median Employee's Pay | $64,956 |
| Pay Ratio | 179to 1 |
In 2022, the annual total compensation of Michael Farrell was $11,659,210.
The annual total compensation of the median employee at ResMed was $64,956.
The ratio of Michael Farrell's pay to the pay of median employee was therefore 179 to one.
Source: SEC filing on October 5, 2022.
Farrell's colleagues
We found five more compensation records of executives who worked with Michael Farrell at ResMed in 2022.