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...

Current Market Cap

$243.85B

Number of Employees

0

Total Compensation

2021 - 2023

Trending up by 910.17% last year
Showing total compensation for the last 2021 - 2023

Stock

Up by 0.00% last year

Salary

Up by 4.19% last year

Bonus

Up by 0.00% last year

Other

Down by -6.39% last year

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.

SEC Filing

From April 11, 2024