UnitedHealth CEO Sees Decline in Total Compensation
April 22 2016 - 5:56PM
Dow Jones News
By Josh Beckerman
UnitedHealth Group Inc. said Chief Executive Stephen Hemsley's
total compensation package was valued at $14.5 million last year,
down from $14.9 million in 2014.
The largest component was $7 million of stock awards. Mr.
Hemsley's base salary rose to $1.35 million from $1.3 million.
UnitedHealth, the nation's largest health insurer, said its
compensation committee found the CEO's performance "outstanding and
distinctive." His non-equity, incentive-plan compensation totaled
$3.67 million.
Among its incentive goals, UnitedHealth said it significantly
exceeded enrollment and revenue targets. Operating income was below
target, primarily because of the performance of its
insurance-exchange products.
On Tuesday, the company said it would pull out of nearly all of
the Affordable Care Act's exchanges, signaling continued
instability in the law's signature marketplaces as they head toward
their fourth year. After losses on the exchanges, UnitedHealth will
reduce its presence from 34 states this year to "only a handful" in
2017, Mr. Hemsley said.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 22, 2016 17:41 ET (21:41 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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