Stryker CEO Kevin Lobo's 2021 pay jumps 23% to $16M
Stryker reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
Stryker reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, six Stryker executives received on average a compensation package of $7.5M, a 28% increase compared to previous year.
Average pay of disclosed executives at Stryker
Kevin A. Lobo, Chief Executive Officer, received $16M in total, which increased by 23% compared to 2020. 42% of Lobo's compensation, or $6.8M, was in option awards. Lobo also received $1.8M in non-equity incentive plan, $1.3M in salary, $6M in stock awards, as well as $470K in other compensation.
For fiscal year 2021, the median employee pay was $76,715 at Stryker. Therefore, the ratio of Kevin A. Lobo's pay to the median employee pay was 213 to one.
Timothy J. Scannell, Executive Advisor, received a compensation package of $8.1M, which increased by 25% compared to previous year. 42% of the compensation package, or $3.4M, was in option awards.
Glenn S. Boehnlein, Chief Financial Officer, earned $6M in 2021, a 38% increase compared to previous year.
J. Andrew Pierce, Group President, received $5.3M in 2021.
Spencer S. Stiles, Group President, earned $5.2M in 2021.
Viju S. Menon, Group President, received $4.3M in 2021, which increases by 43% compared to 2020.
Related executives
You may also like
Source: SEC filing on March 23, 2022.