ResMed CEO Michael Farrell's 2020 pay rises 8% to $10M
ResMed reports 2020 executive compensation
By ExecPay News
Published: October 6, 2020
ResMed reported fiscal year 2020 executive compensation information on October 6, 2020.
In 2020, five ResMed executives received on average a compensation package of $5.3M, a 5% increase compared to previous year.
Average pay of disclosed executives at ResMed
Michael Farrell, Chief Executive Officer, received $10M in total, which increased by 8% compared to 2019. 55% of Farrell's compensation, or $5.8M, was in stock awards. Farrell also received $1.6M in non-equity incentive plan, $1.9M in option awards, $1M in salary, as well as $98K in other compensation.
For fiscal year 2020, the median employee pay was $58,067 at ResMed. Therefore, the ratio of Michael Farrell's pay to the median employee pay was 180 to one.
Rob Douglas, Chief Operating Officer, received a compensation package of $6.5M, which increased by 1% compared to previous year. 35% of the compensation package, or $2.3M, was in option awards.
Jim Hollingshead, President – sleep and respiratory care business, earned $3.4M in 2020, a 3% increase compared to previous year.
Raj Sodhi, President – SaaS business, received $3.1M in 2020, which increases by 7% compared to 2019.
Brett Sandercock, Chief Financial Officer, earned $2.9M in 2020, which is about the same as previous year.
ResMed's fiscal year ends on June 30.
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Source: SEC filing on October 6, 2020.