Inspire Medical Systems CEO Timothy Herbert's 2020 pay jumps 68% to $4.9M
Inspire Medical Systems reports 2020 executive compensation
By ExecPay News
Published: March 16, 2021
Inspire Medical Systems reported fiscal year 2020 executive compensation information on March 16, 2021.
In 2020, five executives at Inspire Medical Systems received on average a compensation package of $2.9M, a 46% increase compared to previous year.
Average pay of disclosed executives at Inspire Medical Systems
Timothy Herbert, Chief Executive Officer, received $4.9M in total, which increased by 68% compared to 2019. 81% of Herbert's compensation, or $3.9M, was in option awards. Herbert also received $442K in non-equity incentive plan and $506K in salary.
For fiscal year 2020, the median employee pay was $285,921 at Inspire Medical Systems. Therefore, the ratio of Timothy Herbert's pay to the median employee pay was 17 to one.
Philip J. Ebeling, Chief Operating Officer, received a compensation package of $3.5M. 91% of the compensation package, or $3.2M, was in option awards.
Richard Buchholz, Chief Financial Officer, earned $2.2M in 2020, a 88% increase compared to previous year.
Randall A. Ban, Chief Commercial Officer, received $2.1M in 2020, which increases by 9% compared to 2019.
Steven L. Jandrich, Chief Compliance Officer and Vice President Human Resources, earned $2M in 2020.
Related executives
Timothy Herbert
Inspire Medical Systems
Chief Executive Officer
Richard Buchholz
Inspire Medical Systems
Chief Financial Officer
Randall Ban
Inspire Medical Systems
Chief Commercial Officer
Philip Ebeling
Inspire Medical Systems
Chief Operating Officer
Steven Jandrich
Inspire Medical Systems
Chief Compliance Officer and Vice President Human Resources
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Source: SEC filing on March 16, 2021.