Merck & Co. CEO Kenneth Frazier's 2018 pay rises 19% to $21M
Merck & Co. reports 2018 executive compensation
By ExecPay News
Published: April 8, 2019
Merck & Co. reported fiscal year 2018 executive compensation information on April 8, 2019.
In 2018, five executives at Merck & Co. received on average a compensation package of $9.3M, a 8% increase compared to previous year.
Average pay of disclosed executives at Merck & Co.
Kenneth C. Frazier, Chief Executive Officer, received $21M in total, which increased by 19% compared to 2017. 45% of Frazier's compensation, or $9.5M, was in stock awards. Frazier also received $3.1M in non-equity incentive plan, $3.9M in option awards, $1.6M in salary, as well as $2.9M in other compensation.
For fiscal year 2018, the median employee pay was $91,954 at Merck & Co.. Therefore, the ratio of Kenneth C. Frazier's pay to the median employee pay was 228 to one.
Roger M. Perlmutter, Executive Vice President and President, Merck Research Laboratories, received a compensation package of $7.1M, which increased by 4% compared to previous year. 41% of the compensation package, or $2.9M, was in stock awards.
Robert M. Davis, Chief Financial Officer, earned $6.6M in 2018, a 5% increase compared to previous year.
Adam H. Schechter, Former Executive Vice President and President, Global Human Health, received $6.5M in 2018, which decreases by 17% compared to 2017.
Jennifer L. Zachary, General Counsel, earned $5.2M in 2018.
Related executives
Kenneth Frazier
Merck & Co.
Chief Executive Officer
Robert Davis
Merck & Co.
Chief Executive Officer
Roger Perlmutter
Merck & Co.
M.D., Ph.D. Executive Vice President and President, Merck Research Laboratories
Adam Schechter
Merck & Co.
Former Executive Vice President and President, Global Human Health
Jennifer Zachary
Merck & Co.
General Counsel
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Source: SEC filing on April 8, 2019.