Medifast CEO Daniel Chard's 2020 pay rises 19% to $5.5M
Medifast reports 2020 executive compensation
By ExecPay News
Published: April 14, 2021
Medifast reported fiscal year 2020 executive compensation information on April 14, 2021.
In 2020, seven Medifast executives received on average a compensation package of $1.6M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Medifast
Daniel R. Chard, Chief Executive Officer, received $5.5M in total, which increased by 19% compared to 2019. 52% of Chard's compensation, or $2.9M, was in stock awards. Chard also received $1.8M in non-equity incentive plan, $909K in salary, as well as $23K in other compensation.
For fiscal year 2020, the median employee pay was $60,848 at Medifast. Therefore, the ratio of Daniel R. Chard's pay to the median employee pay was 91 to one.
Anthony E. Tyree, Chief Marketing Officer, received a compensation package of $1.3M, which increased by 23% compared to previous year. 39% of the compensation package, or $505K, was in non-equity incentive plan.
Nicholas M. Johnson, President, Coach Client Experience, earned $1.2M in 2020, a 66% increase compared to previous year.
Timothy G. Robinson, Chief Financial Officer, received $1M in 2020, which decreases by 18% compared to 2019.
William Baker IV, Executive Vice President, Information Technology, earned $986K in 2020, a 6% increase compared to previous year.
James P. Maloney, Chief Financial Officer, received $960K in 2020.
Joseph P. Kelleman, Chief Financial Officer, earned $371K in 2020.
Related executives
Daniel Chard
Medifast
Chief Executive Officer
Timothy Robinson
Medifast
Chief Financial Officer
Joseph Kelleman
Medifast
Chief Financial Officer
James Maloney
Medifast
Chief Financial Officer
Anthony Tyree
Medifast
Chief Marketing Officer
Nicholas Johnson
Medifast
President, Coach & Client Experience
William Baker
Medifast
Executive Vice President, Information Technology
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Source: SEC filing on April 14, 2021.