MEDTRONIC CEO Arthur Collins receives $12M in 2007
MEDTRONIC reports 2007 executive compensation
By ExecPay News
Published: July 20, 2007
MEDTRONIC reported fiscal year 2007 executive compensation information on July 20, 2007.
In 2007, five MEDTRONIC executives received on average a compensation package of $5.3M.
Average pay of disclosed executives at MEDTRONIC
Arthur D. Collins, Jr, Chief Executive Officer, received $12M in total. 52% of Collins' compensation, or $6M, was in option awards. Collins also received $849K of change in pension value and nonqualified deferred compensation earnings, $1M in non-equity incentive plan, $1.3M in salary, $2.3M in stock awards, as well as $49K in other compensation.
Michael F. DeMane, Chief Operating Officer, received a compensation package of $4.5M. 37% of the compensation package, or $1.7M, was in stock awards.
William A. Hawkins, Chief Executive Officer, earned $4.4M in 2007.
Stephen H. Mahle, Executive Vice President of Healthcare Policy and Regulatory, received $3.9M in 2007.
Gary L. Ellis, Chief Financial Officer, earned $2M in 2007.
MEDTRONIC's fiscal year ends on April 25.
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Source: SEC filing on July 20, 2007.