UnitedHealthcare, one of the largest health insurance companies in the United States, has been a household name for decades. As a leader in the healthcare industry, the company's CEO, David Wichmann, has been at the helm since 2019. With his leadership, UnitedHealthcare has continued to grow and expand its services. Recently, the company's 2022 proxy statement revealed the CEO's salary, which has left many stunned.
The proxy statement, filed with the Securities and Exchange Commission (SEC), provides detailed information about the company's executive compensation. According to the statement, Wichmann's total compensation for 2022 was $22.4 million. This figure includes a base salary of $1.5 million, stock awards of $10.4 million, and option awards of $5.5 million.
UnitedHealthcare CEO's 2022 Salary Breakdown
The $22.4 million total compensation for Wichmann is a significant increase from his 2021 salary of $18.4 million. The breakdown of his 2022 salary is as follows:
- Base salary: $1.5 million
- Stock awards: $10.4 million
- Option awards: $5.5 million
- Non-equity incentive plan compensation: $3.2 million
- Change in pension value and nonqualified deferred compensation earnings: $1.3 million
- All other compensation: $500,000
Industry Comparison
Wichmann's 2022 salary is not unusual for a CEO of a large healthcare company. According to a report by Equilar, a leading provider of executive compensation data, the median CEO pay ratio for S&P 100 companies in 2022 was $14.5 million. However, it's worth noting that Wichmann's salary is significantly higher than the median.
| Company | CEO | 2022 Salary (in millions) |
|---|---|---|
| UnitedHealthcare | David Wichmann | $22.4 |
| Anthem | Elisabeth Brignone | $18.3 |
| Humana | Bruce D. Broussard | $14.8 |
Key Points
- UnitedHealthcare CEO David Wichmann's 2022 total compensation was $22.4 million.
- The salary includes a base salary of $1.5 million, stock awards of $10.4 million, and option awards of $5.5 million.
- Wichmann's 2022 salary is a significant increase from his 2021 salary of $18.4 million.
- The median CEO pay ratio for S&P 100 companies in 2022 was $14.5 million.
- Wichmann's salary is higher than the median, but it's essential to evaluate his performance and the company's growth under his leadership.
Performance and Growth
Under Wichmann's leadership, UnitedHealthcare has experienced significant growth and expansion. The company has made strategic acquisitions, invested in digital health technologies, and expanded its services to meet the evolving needs of its customers.
In 2022, UnitedHealthcare reported revenues of $317.2 billion, a 12% increase from 2021. The company's net earnings were $20.6 billion, a 15% increase from 2021.
Conclusion
The revelation of UnitedHealthcare CEO David Wichmann’s 2022 salary has sparked interest and debate. While his compensation may seem high, it’s essential to consider his performance and the company’s growth under his leadership. As the healthcare industry continues to evolve, it’s crucial to evaluate the impact of executive compensation on company performance and strategy.
What was UnitedHealthcare CEO David Wichmann’s 2022 salary?
+David Wichmann’s total compensation for 2022 was 22.4 million, including a base salary of 1.5 million, stock awards of 10.4 million, and option awards of 5.5 million.
How does Wichmann’s 2022 salary compare to his 2021 salary?
+Wichmann’s 2022 salary is a significant increase from his 2021 salary of 18.4 million.</p> </div> </div> <div class="faq-item"> <div class="faq-question"> <h3>What is the median CEO pay ratio for S&P 100 companies in 2022?</h3> <span class="faq-toggle">+</span> </div> <div class="faq-answer"> <p>The median CEO pay ratio for S&P 100 companies in 2022 was 14.5 million.