Omar Ishrak served as the CEO of Medtronic from June 2011 to April 2020, stepping down to become Executive Chairman for a short time before retiring. He didn't just lead; he focused on aligning his pay with the performance of...

Number of Employees

95K

Year

2020

Total Compensation

$6.49M

Salary

$1.74M

Board Justification

The compensation philosophy emphasizes market competitiveness, alignment with shareholder interests, and pay-for-performance principles.

Bonus

$0.00

Board Justification

No annual cash incentive payout due to the impact of the COVID-19 pandemic.

Other

$79.52K

Board Justification

Includes business allowance and other personal benefits.

Restricted Stock

$4.67M(4.67M RSU)

Board Justification

The value of vested stock awards based on performance metrics achieved during the fiscal year 2020.

Performance Metrics

Compensation is based on the achievement of annual and long-term performance goals, including revenue growth and earnings per share.

SEC Filing

From August 27, 2021