Angela F. Braly, the former CEO of WellPoint Inc., was compensated $31.7 million last year, not including $17.8 million in stock-and-option awards that will provide value in the future, according to documents filed last week with the U.S. Securities and Exchange Commission.
Indianapolis-based WellPoint is the parent company of Anthem Blue Cross and Blue Shield in Connecticut, the largest health insurer in the state by membership.
Braly was chair and CEO of WellPoint Inc. until she stepped down from the top post on Aug. 28, though her employment with the company continued through Dec. 31.
Braly’s pay package last year included $28.96 million in value from options exercised and stocks vested, $1.19 million in salary, $1.37 million in non-equity incentive pay and $179,618 in “other compensation.” This does not include a $26,990 increase to her pension last year.
The interim president and CEO, John Cannon, was compensated $5.97 million last year, not including $4.5 million in stock awards that have a future value and depend on the company’s performance.
The proxy, a document filed annually by every publicly-traded company which explains executives’ pay, only offers details of compensation for WellPoint executives. The compensation of Anthem executives is not provided.
WellPoint’s board of directors selected Joseph Swedish to be the company’s new CEO, and he started work March 25, two weeks ago today.