Karen Lynch's total compensation for a specific period was $21,615,034.
Understanding Karen Lynch's Compensation
Karen Lynch, the CEO of CVS Health, receives a comprehensive compensation package that includes various components beyond just her base salary, reflecting a common structure for executive pay in large corporations.Breakdown of Compensation
Her total compensation of $21,615,034 is comprised of several elements, as detailed below:| Compensation Component | Amount |
|---|---|
| Salary | $1,500,000 |
| Non-Equity Incentive Plan Compensation | $2,992,000 |
| Change in Pension Value and Deferred Compensation Earnings | $0 |
| All Other Compensation | $623,071 |
| Total Compensation | $21,615,034 |
Components Explained
Here's a brief explanation of the different parts of her compensation:- **Salary:** This represents the fixed annual payment for her role as CEO.
- **Non-Equity Incentive Plan Compensation:** This typically refers to performance-based bonuses that are paid in cash rather than company stock or equity. These incentives are often tied to specific company performance metrics or individual achievements, encouraging executives to meet financial or operational goals.
- **Change in Pension Value and Deferred Compensation Earnings:** This category accounts for changes in the value of an executive's pension plan or earnings on deferred compensation. In this specific instance, the value listed is $0, indicating no change or earnings reported for this period in this component.
- **All Other Compensation:** This is a broad category that can include various benefits and perks. Common examples might be company contributions to retirement plans, personal use of company aircraft, perquisites (such as executive life insurance premiums or financial planning services), and other fringe benefits not covered by the main categories.
