Advertisement

CEO Pay Watch: Medtronic's Omar Ishrak earned $19.2 million in last fiscal year

August 27, 2018 at 11:05PM
Omar Ishrak, chairman and chief executive of Medtronic PLC
Omar Ishrak, chairman and chief executive of Medtronic PLC (The Minnesota Star Tribune)
Omar Ishrak
Medtronic PLC

Chairman, CEO

Total compensation: $19,171,266 for the year ended April 27, 2018

Salary: $1,641,583

Non-equity incentive pay: $8,109,248

Other compensation: $150,569

Exercised stock options: $4,282,090

Value realized on vesting shares: $4,987,776

New stock options: 214,363

Advertisement
Advertisement

Total fiscal 2018 shareholder return: 0.1 percent

Median compensation: $73,693

CEO pay ratio: 239

Note: In the fiscal year ended April 27, Chairman and CEO Omar Ishrak realized $19.2 million in total compensation, a 17.3 percent increase from the previous fiscal year, according to Medtronic's annual proxy filed late Friday. Medtronic performed about the same against financial targets as it had the previous year, but Ishrak earned about $2 million more in salary and bonus because of a 3 percent salary increase and a related increase in his targeted annual incentive bonus.

The bulk of Ishrak's compensation was from the value of previously issued long-term equity awards that either vested or were exercised. In total he realized $9.3 million from those long-term equity awards, up from $8.4 million the previous year.

Patrick Kennedy

Advertisement
Omar Ishrak, chairman and chief executive, Medtronic PLC
Ishrak (The Minnesota Star Tribune)
Advertisement
about the writer

about the writer

More from Business

See More
card image

A federal trial for the Minnesota businessman’s claims about Eric Coomer, formerly of Dominion Voting Systems, wrapped up in Colorado on Monday.

card image
For business story on Lakefront Property. ] Cabin, Cottage, Lakes, Minnesota, Fishing, boating. (THESE PICS ARE NOT FOR RE-SALE.) BRIAN PETERSON • brianp@startribune.com Canyon, MN - 05/17/2013 ORG XMIT: MIN1305220935300778
Advertisement
Advertisement

To leave a comment, .

Advertisement