Christopher J. O'Connell served as the President and CEO of Waters Corporation from 2015 until 2020. He holds a Bachelor's degree in Business Administration from the University of Notre Dame. Before joining Waters, he was a top executive at Medtronic,...

Number of Employees

7.9K

Year

2020

Total Compensation

$8.84M

Salary

$850.50K

Board Justification

The compensation philosophy emphasizes performance-based compensation and market-competitive pay, aligning executive interests with shareholder value.

Bonus

$928.36K

Board Justification

Annual incentive award under the 2020 AIP plan based on actual full-year performance payable, and reduced by 50% consistent with the terms of the AIP reset for all employees, payable to him when such bonuses are paid to active employees.

Other

$4.32M

Board Justification

Includes severance payments and benefits in connection with his termination of employment, as well as reimbursements for relocation expenses.

Restricted Stock

$2.75M(13.55K common stock)

Board Justification

Shares of common stock delivered upon vesting of PSUs and RSUs to Mr. O'Connell during the fiscal year 2020.

Performance Metrics

Payouts under the AIP were based on the achievement of non-GAAP constant-currency revenue growth goals (weighted 50%) and non-GAAP net income growth goals (weighted 50%).

SEC Filing

From April 1, 2021