Kenneth C. Frazier served as the CEO of Merck & Co., one of the biggest pharmaceutical companies, from January 1, 2011, until June 30, 2021. He is known for leading the company during a transformative time when they focused on...

Current Market Cap

$289.83B

Number of Employees

0

Total Compensation

2017 - 2021

Trending down by -32.93% last year
Showing total compensation for the last 2017 - 2021

Stock

Down by -34.67% last year

Salary

Down by -13.12% last year

Bonus

Up by 0.00% last year

Other

Down by -20.61% last year

Year

2021

Total Compensation

$16.15M

Salary

$1.48M

Board Justification

Merck's compensation philosophy aims to attract and retain top talent while aligning executive pay with performance and shareholder interests, with a significant portion of compensation being variable and performance-based.

Bonus

$0.00

Board Justification

No bonus was awarded for 2021 as part of the annual incentive plan.

Other

$299.05K

Board Justification

Other compensation includes financial and tax planning services, personal use of company aircraft, and other benefits as detailed in the proxy statement.

Restricted Stock

$14.38M(200.46K PSUs)

Board Justification

The stock awards that vested in 2021 were based on performance metrics established in prior years, specifically the 2019-2021 performance period, which resulted in a payout of 140%.

Performance Metrics

The performance metrics for 2021 included revenue, pre-tax income, and pipeline accomplishments, which were measured against the Company Scorecard.

SEC Filing

From April 4, 2022