Medtronic CEO Omar Ishrak's 2018 pay rises 12% to $18M
Medtronic reports 2018 executive compensation
By ExecPay News
Published: August 24, 2018
Medtronic reported fiscal year 2018 executive compensation information on August 24, 2018.
In 2018, five Medtronic executives received on average a compensation package of $7.6M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Medtronic
Omar Ishrak, Chief Executive Officer, received $18M in total, which increased by 12% compared to 2017. 46% of Ishrak's compensation, or $8.1M, was in non-equity incentive plan. Ishrak also received $240K of change in pension value and nonqualified deferred compensation earnings, $2.9M in option awards, $1.6M in salary, $4.5M in stock awards, as well as $151K in other compensation.
Rob ten Hoedt, Executive Vice President President Europe, Middle East and Africa Region, received a compensation package of $6.5M, which increased by 21% compared to previous year. 39% of the compensation package, or $2.6M, was of change in pension value and nonqualified deferred compensation earnings.
Michael J. Coyle, Executive Vice President Group President Cardiac and Vascular Group, earned $5.7M in 2018, a 37% decrease compared to previous year.
Bradley E. Lerman, General Counsel, received $4.4M in 2018, which increases by 5% compared to 2017.
Karen L. Parkhill, Chief Financial Officer, earned $3.6M in 2018, a 62% decrease compared to previous year.
Medtronic's fiscal year ends on April 24.
Related executives
Omar Ishrak
Medtronic
Chief Executive Officer
Karen Parkhill
Medtronic
Chief Financial Officer
Michael Coyle
Medtronic
Executive Vice President and Group President, Cardiac and Vascular Group
Bradley Lerman
Medtronic
General Counsel
Rob Hoedt
Medtronic
Executive Vice President President Europe, Middle East and Africa Region
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Source: SEC filing on August 24, 2018.