Medifast CEO Daniel Chard's 2018 pay jumps 37% to $2.2M
Medifast reports 2018 executive compensation
By ExecPay News
Published: April 22, 2019
Medifast reported fiscal year 2018 executive compensation information on April 22, 2019.
In 2018, five Medifast executives received on average a compensation package of $1.2M, a 21% decrease compared to previous year.
Average pay of disclosed executives at Medifast
Daniel R. Chard, Chief Executive Officer, received $2.2M in total, which increased by 37% compared to 2017. 61% of Chard's compensation, or $1.4M, was in non-equity incentive plan. Chard also received $675K in salary and $193K in other compensation.
For fiscal year 2018, the median employee pay was $57,196 at Medifast. Therefore, the ratio of Daniel R. Chard's pay to the median employee pay was 39 to one.
Nicholas M. Johnson, Executive Vice President, Coach Success & Market President, OPTAVIA USA, received a compensation package of $1.3M. 38% of the compensation package, or $500K, was in option awards.
Timothy G. Robinson, Chief Financial Officer, earned $1.1M in 2018, a 27% decrease compared to previous year.
William Baker IV, Executive Vice President Information Technology, received $679K in 2018.
Frances S. Lawler, Chief Human Resources Officer, earned $628K in 2018.
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Source: SEC filing on April 22, 2019.