Stryker CEO Kevin Lobo's 2020 pay slips 11% to $13M
Stryker reports 2020 executive compensation
By ExecPay News
Published: March 24, 2021
Stryker reported fiscal year 2020 executive compensation information on March 24, 2021.
In 2020, five Stryker executives received on average a compensation package of $5.9M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Stryker
Kevin A. Lobo, Chief Executive Officer, received $13M in total, which decreased by 11% compared to 2019. 41% of Lobo's compensation, or $5.4M, was in stock awards. Lobo also received $1.4M in non-equity incentive plan, $4.9M in option awards, $1.1M in salary, as well as $430K in other compensation.
For fiscal year 2020, the median employee pay was $73,584 at Stryker. Therefore, the ratio of Kevin A. Lobo's pay to the median employee pay was 181 to one.
Timothy J. Scannell, Chief Operating Officer, received a compensation package of $6.5M, which decreased by 8% compared to previous year. 40% of the compensation package, or $2.6M, was in stock awards.
Glenn S. Boehnlein, Chief Financial Officer, earned $4.3M in 2020, a 1% decrease compared to previous year.
Viju S. Menon, Group President, received $3M in 2020, which decreases by 2% compared to 2019.
Robert S. Fletcher, Chief Legal Officer, earned $2.2M in 2020, a 29% decrease compared to previous year.
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Source: SEC filing on March 24, 2021.