Sir Andrew P. Witty is the CEO of UnitedHealth Group, one of the biggest healthcare companies globally. He took on this role in 2021 after successfully leading Optum, a key part of UnitedHealth. Before that, he was the CEO of...

Number of Employees

440K

Year

2023

Total Compensation

$4.30M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes aligning executive pay with long-term performance and shareholder value, with a significant portion of compensation tied to performance-based incentives.

Bonus

$1.80M

Board Justification

The annual cash incentive award was based on performance metrics including revenue, operating income, cash flow from operations, and employee engagement, with actual awards reflecting 60% of the target due to performance results.

Other

$0.00

Board Justification

Restricted Stock

$1.00M(22.81K Performance Shares)

Board Justification

The stock compensation awarded in 2023 consisted of performance shares that vested based on the achievement of long-term performance goals over a three-year period.

Performance Metrics

The performance metrics for 2023 included revenue growth, operating income growth, cash flow from operations, and employee engagement metrics.

SEC Filing

From April 22, 2024