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.
Average pay of disclosed executives at Medtronic
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.

Related executives

Omar Ishrak

Medtronic

Chief Executive Officer

Karen Parkhill

Medtronic

Chief Financial Officer

Geoffrey Martha

Medtronic

President

Michael Coyle

Medtronic

Executive Vice President and Group President, Cardiac and Vascular Group

Bradley Lerman

Medtronic

General Counsel

Hooman Hakami

Medtronic

Former Executive Vice President and President, Diabetes

You may also like

Source: SEC filing on August 14, 2020.