Merck & Co. CEO Kenneth Frazier's 2019 pay jumps 32% to $28M
Merck & Co. reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
Merck & Co. reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, five executives at Merck & Co. received on average a compensation package of $11M, a 19% increase compared to previous year.
Average pay of disclosed executives at Merck & Co.
Kenneth C. Frazier, Chief Executive Officer, received $28M in total, which increased by 32% compared to 2018. 41% of Frazier's compensation, or $11M, was in stock awards. Frazier also received $5.1M of change in pension value and nonqualified deferred compensation earnings, $4.6M in non-equity incentive plan, $4.5M in option awards, $1.7M in salary, as well as $375K in other compensation.
For fiscal year 2019, the median employee pay was $95,621 at Merck & Co.. Therefore, the ratio of Kenneth C. Frazier's pay to the median employee pay was 289 to one.
Roger M. Perlmutter, M.D., Ph.D. Executive Vice President and President, Merck Research Laboratories, received a compensation package of $9.2M, which increased by 30% compared to previous year. 41% of the compensation package, or $3.8M, was in stock awards.
Robert M. Davis, Chief Financial Officer, earned $7.7M in 2019, a 17% increase compared to previous year.
Sanat Chattopadhyay, Executive Vice President and President, Merck Manufacturing Division, received $5.4M in 2019.
Jennifer L. Zachary, General Counsel, earned $5M in 2019, a 3% decrease compared to previous year.
Related executives
Kenneth Frazier
Merck & Co.
Chief Executive Officer
Robert Davis
Merck & Co.
Chief Executive Officer
Sanat Chattopadhyay
Merck & Co.
Executive Vice President and President, Merck Manufacturing Division
Roger Perlmutter
Merck & Co.
M.D., Ph.D. Executive Vice President and President, Merck Research Laboratories
Jennifer Zachary
Merck & Co.
General Counsel
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Source: SEC filing on April 6, 2020.