Joseph M. Zubretsky is the CEO and President of Molina Healthcare, a position he has held since November 2017. He has a solid background in the insurance and health sectors, previously working at The Hanover Insurance Group and Aetna. With...

Joseph M. Zubretsky is the CEO and President of Molina Healthcare, a position he has held since November 2017. He has a solid background in the insurance and health sectors, previously working at The Hanover Insurance Group and Aetna. With a Bachelor's degree in Accounting, Zubretsky has over 35 years of experience in financial management and executive leadership. Notably, he joined Molina Healthcare with a sign-on bonus of $4 million, reflecting the high expectations set for his leadership. Under his guidance, the company has experienced significant growth, particularly visible in a surge in insider trading that peaked with his holdings exceeding $116 million as of November 2023. During his tenure, he has succeeded in aligning executive compensation with performance, resulting in a 200% target bonus potential in recent years.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Molina Healthcare CEOs

M

Joseph M. Zubretsky

CEO of Molina Healthcare

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Healthcare

Born

January 1, 1957 - 68 years ago

CEO of Molina Healthcare for

7 years 4 months (Nov 2017 - Present)

Previous Experience

President and Chief Executive Officer at The Hanover Insurance Group, Inc.

Rivals

Competitors/colleagues of Joseph M. Zubretsky

H

Samuel N. Hazen

CEO of HCA Healthcare

2023 Compensation

Stock

$24.94M

Salary

$1.51M

Bonus

$5.03M

Other

$577.42K

Total Holdings

$24.51M

C

Sarah M. London

CEO of Centene

2023 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$2.79M

Other

$285.34K

Total Holdings

$40.36M

S

David S. Chernow

CEO of Select Medical Holdings

2023 Compensation

Stock

$5.88M

Salary

$995.00K

Bonus

$1.89M

Other

$340.77K

Total Holdings

$15.89M

E

Gail K. Boudreaux

CEO of Elevance Health

2023 Compensation

Stock

$0.00

Salary

$1.60M

Bonus

$3.65M

Other

$840.96K

Total Holdings

$152.11M

Holdings

See how much did Joseph M. Zubretsky make over time.

Joseph M. Zubretsky's stock holdings have seen significant growth, particularly noticeable from 2019 to 2023. His wealth in Molina Healthcare shares increased steadily from $9.5 million in September 2019 to reaching over $111 million in November 2023. This reflects strong...

Joseph M. Zubretsky's stock holdings have seen significant growth, particularly noticeable from 2019 to 2023. His wealth in Molina Healthcare shares increased steadily from $9.5 million in September 2019 to reaching over $111 million in November 2023. This reflects strong performance and confidence in his leadership at the company. Notably, there was a rapid increase in value as his holdings jumped from $20 million in May 2020 to over $30 million by November 2021, demonstrating market trust in his strategies. By the end of 2021, his holdings surged to approximately $60 million, and they continued to peak throughout 2022 and 2023, indicating his wealth being directly tied to his role at Molina Healthcare. The fluctuations in his stock value mirror the company's performance and his effective management style.

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Total Stock Sold

$127.38M

MOH

$127.38M

375,000 MOH shares

What if they kept their stock?

If Joseph M. Zubretsky didn't sell their stock, today they would have:
Extra MOH375,000 shares worth $52.88M.
This is -58.49% and $74.51M less than what they got when they sold the stock.

Charitable Transactions

MOH

11,900 shares

MOH

Recent Charitable Transactions

MOH

5,700 shares

MOH

Nov 21, 2023

Charity

MOH

4,600 shares

MOH

Nov 29, 2022

Charity

MOH

1,600 shares

MOH

Mar 7, 2022

Charity

Insider Trading

See recent insider trades of Joseph M. Zubretsky.

MOH

$33.14M

MOH at $387.21/share

Mar 1, 2024

Received

MOH

5,700 shares

MOH

Nov 21, 2023

Charity

MOH

$43.01M

MOH at $273.44/share

Mar 1, 2023

Received

MOH

4,600 shares

MOH

Nov 29, 2022

Charity

MOH

$31.07M

MOH at $349.45/share

Oct 5, 2022

Sale

MOH

$30.36M

MOH at $337.35/share

Sep 30, 2022

Sale

MOH

$25.99M

MOH at $332.37/share

Sep 27, 2022

Sale

MOH

$9.94M

MOH at $331.39/share

Sep 22, 2022

Sale

MOH

$29.74M

MOH at $338.38/share

Sep 19, 2022

Sale

MOH

1,600 shares

MOH

Mar 7, 2022

Charity

Compensation History

See how much did Joseph M. Zubretsky make over time.

In 2018, Zubretsky's total compensation at Molina Healthcare reached approximately $15 million, showcasing the company's performance-driven pay structure. His salary started at $1,300,000 with a considerable bonus potential based on pre-tax income, capped at 200% due to exceeding targets. The bonuses he earned are significant; for example, he received $4 million in 2018 for his outstanding performance. Zubretsky's compensation reflects a strategic alignment with Molina's success, acting as a motivating factor for leaders within the company. Over time, his target bonuses have increased to as much as 200% of his salary, potentially allowing for substantial earnings based on overall company performance. This structured approach ties compensation directly to results, promoting a culture of accountability and performance.

Year

2023

Total Compensation

$4.37M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, while also considering market competitiveness and retention strategies.

Bonus

$2.04M

Board Justification

The bonus is based on the Short-Term Incentive Plan (STIP) which was funded at 95% of target for 2023, reflecting the company's performance metrics and individual contributions.

Other

$87.75K

Board Justification

Other compensation includes contributions to the 401(k) plan and the Non-Qualified Retirement Savings Plan, as well as perquisites such as financial planning services and matching contributions to qualified charities.

Restricted Stock

$1.15M(7.94K PBRSUs)

Board Justification

The vested stock consists of performance-based restricted stock units (PBRSUs) that vested based on the company's achievement of relative total shareholder return for the years 2023-2025, which was at the 36th percentile against its pre-determined peer group, resulting in a payout of 72.73% of target.

Performance Metrics

The performance metrics for the CEO's compensation include Pre-Tax Operating Income, Ex-Cat Operating Income, and strategic objectives that align with the company's financial goals.

Other Molina Healthcare CEOs

Here are other CEOs of Molina Healthcare

Joseph W. White

Ex-CEO of Molina Healthcare

May 2017 - October 2017