Medifast CEO Daniel Chard's 2021 pay jumps 25% to $6.9M
Medifast reports 2021 executive compensation
By ExecPay News
Published: April 21, 2022
Medifast reported fiscal year 2021 executive compensation information on April 21, 2022.
In 2021, five Medifast executives received on average a compensation package of $2.6M, a 57% increase compared to previous year.
Average pay of disclosed executives at Medifast
Daniel R. Chard, Chief Executive Officer, received $6.9M in total, which increased by 25% compared to 2020. 50% of Chard's compensation, or $3.5M, was in stock awards. Chard also received $18K in bonus, $2.1M in non-equity incentive plan, $914K in salary, as well as $379K in other compensation.
For fiscal year 2021, the median employee pay was $60,944 at Medifast. Therefore, the ratio of Daniel R. Chard's pay to the median employee pay was 114 to one.
James P. Maloney, Chief Financial Officer, received a compensation package of $1.6M, which increased by 69% compared to previous year. 39% of the compensation package, or $631K, was in non-equity incentive plan.
Nicholas M. Johnson, President, Coach & Client Experience, earned $1.4M in 2021, a 24% increase compared to previous year.
Lauren Walker, Executive Vice President, Supply Chain, received $1.4M in 2021.
Anthony E. Tyree, Chief Marketing Officer, earned $1.4M in 2021, a 5% increase compared to previous year.
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Source: SEC filing on April 21, 2022.