CEO Pay Watch: Medtronic's Omar Ishrak earned $19.2 million in last fiscal year
August 27, 2018 at 11:05PM
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
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
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Pioneering surgeon has run afoul of Fairview Health Services, though, which suspended his hospital privileges amid an investigation of his patient care.
