Medtronic CEO Omar Ishrak's 2019 pay rises 1% to $17.8M

Medtronic reports 2019 executive compensation

By ExecPay News

Published: August 16, 2019

Medtronic reported fiscal year 2019 executive compensation information on August 16, 2019.
In 2019, five Medtronic executives received on average a compensation package of $7.6M, which is about the same as previous year.
Average pay of disclosed executives at Medtronic
Omar Ishrak, Chief Executive Officer, received $17.8M in total, which increased by 1% compared to 2018. 37.92% of Ishrak's compensation, or $6.7M, was in non-equity incentive plan. Ishrak also received $255.6K of change in pension value and nonqualified deferred compensation earnings, $4.5M in option awards, $1.7M in salary, $4.5M in stock awards, as well as $101.1K in other compensation.
For fiscal year 2019, the median employee pay was $74,206 at Medtronic. Therefore, the ratio of Omar Ishrak's pay to the median employee pay was 240 to one.
Michael J. Coyle, Executive Vice President and Group President, Cardiac and Vascular Group, received a compensation package of $6.1M, which increased by 8% compared to previous year. 34.14% of the compensation package, or $2.1M, was in non-equity incentive plan.
Karen L. Parkhill, Chief Financial Officer, earned $5.2M in 2019, a 44% increase compared to previous year.
Bradley E. Lerman, General Counsel, received $4.5M in 2019, which increases by 3% compared to 2018.
Geoffrey S. Martha, Group President, earned $4.2M in 2019.
Medtronic's fiscal year ends on April 26.

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

Geoffrey Martha

Medtronic

Group President

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Source: SEC filing on August 16, 2019.