WellCare Health Plans CEO Kenneth Burdick's 2018 pay rises 12% to $13M

WellCare Health Plans reports 2018 executive compensation

By ExecPay News

Published: April 8, 2019

WellCare Health Plans reported fiscal year 2018 executive compensation information on April 8, 2019.
In 2018, five executives at WellCare Health Plans received on average a compensation package of $4.6M, a 15% increase compared to previous year.
Average pay of disclosed executives at WellCare Health Plans
Kenneth A. Burdick, Chief Executive Officer, received $13M in total, which increased by 12% compared to 2017. 67% of Burdick's compensation, or $8.5M, was in stock awards. Burdick also received $2.9M in non-equity incentive plan, $1.3M in salary, as well as $21K in other compensation.
For fiscal year 2018, the median employee pay was $81,647 at WellCare Health Plans. Therefore, the ratio of Kenneth A. Burdick's pay to the median employee pay was 155 to one.
Andrew L. Asher, Chief Financial Officer, received a compensation package of $3.4M, which increased by 9% compared to previous year. 49% of the compensation package, or $1.7M, was in stock awards.
Kelly A. Munson, Executive Vice President,, earned $2.6M in 2018, a 28% increase compared to previous year.
Michael R. Polen, Executive Vice President, Medicare and Operations, received $2.6M in 2018, which increases by 28% compared to 2017.
Anat Hakim, General Counsel, earned $2M in 2018.

Related executives

Kenneth Burdick

WellCare Health Plans

Chief Executive Officer

Andrew Asher

WellCare Health Plans

Chief Financial Officer

Kelly Munson

WellCare Health Plans

Executive Vice President,

Michael Polen

WellCare Health Plans

Executive Vice President, Medicare and Operations

Anat Hakim

WellCare Health Plans

General Counsel

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Source: SEC filing on April 8, 2019.