UnitedHealth Group CEO’s Compensation Totaled $28.14 Million Last Year

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UnitedHealth Group CEO Stephen J. Hemsley had a total compensation of $28.14 million last year, according to documents filed Wednesday with the U.S. Securities and Exchange Commission.

The year before, Hemsley’s compensation was $34.72 million.

His 2013 compensation included $1.3 million in salary, $3.1 million in non-equity incentive plan pay, $173,254 in “other compensation,” $9.48 million in value realized on exercising options, and $14.09 million in value realized on vesting stock.

Separately, Hemsley was given stock awards valued at $5.63 million when they were distributed last year, which will provide value in the future. The ultimate value depends on the company’s performance in the future.

The Courant tallies executive compensation to reflect the amount received within a given year, which includes salary, bonus, non-equity incentive pay, other compensation, options exercised and stock vested. It does not include the value of option awards and stock awards distributed that year, which will provide value in the future. It also does not include contributions to an executive’s pension or other deferred compensation.

Chief Financial Officer David S. Wichmann was compensated a total of $12.64 million, not including stock award valued at $3.38 million when they were distributed. The stock awards will provide value in the future.

Gail K. Boudreaux, CEO of the parent company’s subsidiary UnitedHealthcare, was compensated $13.56 million, not including stock awards valued at $3.38 million.

Larry C. Renfro, CEO of the OptumÖ subsidiary, was compensated $14.78 million, not including $3.38 million in stock awards.

Marianne D. Short, chief legal officer, was compensated $2.03 million, not including $3 million in stock awards.

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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