Sundar PichaiSundar Pichai earned $164M in 2023

Robert M. Davis is the CEO and President of Merck & Co., Inc., a major player in the global pharmaceutical industry since July 1, 2021. Before stepping into the CEO role, he was the Chief Financial Officer at Merck, showing...

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Robert M. Davis

CEO of Merck & Co.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Healthcare

Born

April 19, 1966 - 58 years ago

CEO of Merck & Co. for

3 years 9 months (Jul 2021 - Present)

Previous Experience

Chief Financial Officer at Baxter International

Holdings

See how much did Robert M. Davis make over time.

Robert M. Davis has been growing his shareholdings in Merck & Co., Inc. significantly over the years. As of early 2024, his common stock in the company is valued at over $40 million, demonstrating a substantial personal investment aligned with...

Mar 17, 2025

Total Stock Sold

$123.84M

MRK

$115.29M

1,206,526 MRK shares

BAX

$8.55M

231,800 BAX shares

What if they kept their stock?

If Robert M. Davis didn't sell their stock, today they would have:
Extra MRK1,206,526 shares worth $94.78M and BAX231,800 shares worth $19.13M.
This is -8.02% and $9.93M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Robert M. Davis.

MRK

$9.33M

MRK at $97.94/share

Jan 27, 2025

Received

DUK

$175.00K

DUK at $103.02/share

May 9, 2024

Received

MRK

$29.57M

MRK at $125.84/share

Feb 13, 2024

Sale

MRK

$9.14M

MRK at $119.43/share

Jan 22, 2024

Received

DUK

$175.00K

DUK at $98.11/share

May 4, 2023

Received

MRK

$16.47M

MRK at $114.93/share

Apr 28, 2023

Sale

MRK

$2.66M

MRK at $109.88/share

Jan 23, 2023

Received

MRK

$17.24M

MRK at $102.84/share

Nov 9, 2022

Sale

DUK

$174.98K

DUK at $110.05/share

May 5, 2022

Received

MRK

$2.20M

MRK at $73.51/share

Feb 24, 2022

Received

Compensation History

See how much did Robert M. Davis make over time.

In 2023, Robert M. Davis’s total compensation reached about $20.3 million. This figure includes a salary of $1.6 million but notably does not include a bonus, indicating that a large part of his earnings are tied to performance incentives. The performance-based aspects of his pay show that his compensation is closely linked to Merck's success, which aligns his interests with those of shareholders. He received substantial vested stock awards from previous years, valued at around $17.7 million, which came from performance share units based on his leadership over the previous three years. Additionally, in 2023, he was granted stock options that can be exercised over three years, reinforcing his investment in the company's future. His compensation structure is designed to retain talent while ensuring that high performance is rewarded, which is crucial in the competitive pharmaceutical industry.

Year

2023

Total Compensation

$19.71M

Salary

$1.60M

Board Justification

Merck's compensation philosophy is designed to attract and retain top talent while aligning executive compensation with company performance and shareholder interests. A significant portion of total compensation is performance-based, linked to both annual and long-term financial goals.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$386.15K

Board Justification

Other compensation includes financial and tax planning services, personal use of company aircraft, car and driver, and home security system expenses.

Restricted Stock

$17.72M(148.37K RSU)

Board Justification

The stock awards that vested in 2023 were based on the performance of PSUs granted in prior years, specifically the 2021-2023 performance period, which paid out at 161%.

Performance Metrics

The performance metrics for 2023 included revenue growth, pre-tax income, and sustainability metrics, which were assessed through the Company Scorecard.

Other Merck & Co. CEOs

Here are other CEOs of Merck & Co.