Medtronic CEO Omar Ishrak's 2020 pay slips 17% to $14.8M
Medtronic reports 2020 executive compensation
By ExecPay News
Published: August 14, 2020
Medtronic reported fiscal year 2020 executive compensation information on August 14, 2020.
In 2020, six Medtronic executives received on average a compensation package of $6.7M, a 12% decrease compared to previous year.
Omar Ishrak, Chief Executive Officer, received $14.8M in total, which decreased by 17% compared to 2019. 31.48% of Ishrak's compensation, or $4.7M, was in stock awards. Ishrak also received $286.4K of change in pension value and nonqualified deferred compensation earnings, $3.4M in non-equity incentive plan, $4.7M in option awards, $1.7M in salary, as well as $79.5K in other compensation.
For fiscal year 2020, the median employee pay was $62,286 at Medtronic. Therefore, the ratio of Omar Ishrak's pay to the median employee pay was 238 to one.
Geoffrey S. Martha, President, received a compensation package of $6.3M, which increased by 51% compared to previous year. 36.87% of the compensation package, or $2.3M, was in option awards.
Michael J. Coyle, Executive Vice President and Group President, Cardiac and Vascular Group, earned $5.2M in 2020, a 15% decrease compared to previous year.
Hooman C. Hakami, Former Executive Vice President and President, Diabetes, received $5.2M in 2020.
Karen L. Parkhill, Chief Financial Officer, earned $4.8M in 2020, a 9% decrease compared to previous year.
Bradley E. Lerman, General Counsel, received $3.9M in 2020, which decreases by 14% compared to 2019.
Medtronic's fiscal year ends on April 24.
Chief Executive Officer
Chief Financial Officer
Executive Vice President and Group President, Cardiac and Vascular Group