CEO Pay Packages Rose to Median $14.7 Million in 2021, a New…


The median pay bundle for leader executives of the most important U.S. corporations reached $14.7 million in 2021, surroundings a sixth-straight annual checklist as robust income and strong markets boosted efficiency measures.

Total repayment rose by way of no less than 12% for many of the executives, and maximum corporations recorded annual shareholder returns of just about 30%, in keeping with a Wall Street Journal research of knowledge for greater than 400 corporations from MyLogIQ LLC.

Much of the pay consisted of fairness awards that might in the end end up to be price roughly than first of all reported. The median wage, bonus and different money repayment used to be $4.1 million.

In 2020, the median pay bundle used to be $13.4 million for a similar corporations, with median money repayment of $3.1 million.

Large fairness awards and multiyear pay programs driven pay up on the peak finish of the WSJ’s newest rating. Nine CEOs were given pay programs price no less than $50 million final 12 months—up from seven in 2020 and one in 2016. The Journal research makes use of pay figures and the worth of fairness awards as reported by way of corporations of their securities filings, most often prior to features or declines from marketplace process or efficiency multipliers.

Roughly two-thirds of CEO repayment comes within the type of inventory or stock-option awards, which most often vest over a number of years. For the 25 top-paid CEOs—every of whose programs exceeded $35 million—fairness accounted for 78% in their overall repayment. Once once more, the highest-paid CEOs had been concentrated within the know-how and media sectors.

Boards have emphasised fairness awards over time, partly as a result of institutional buyers have driven to raised align government pay with shareholder returns. Some giant buyers also are asking to hyperlink CEO pay to local weather, variety and different measures—RBC Capital Markets estimates that $1.4 trillion in belongings globally are controlled by way of inventory finances that closely emphasize environmental, social and corporate-governance standards when making funding selections. Still others fear that complicated programs would possibly weaken the binds between pay and function.

Business leaders navigated a tumultuous 12 months that began with Covid-19 disrupting operations and sapping call for, and ended with an financial rebound that left many U.S. corporations scrambling for employees and seeking to keep forward of emerging inflation. The affect of the pandemic and restoration used to be obtrusive within the research: The second-best appearing corporation evolved a Covid vaccine; the highest-paid chief ran an internet go back and forth website.

Here is a take a look at the CEOs who made essentially the most and the least in 2021, in addition to the ones whose corporations delivered the most efficient and worst returns for shareholders. At the ground, discover a desk with repayment knowledge on the entire CEOs within the research.

Highest Pay

Peter Kern

won a $296 million pay bundle from on-line go back and forth corporation

Expedia Group Inc.,

the best possible within the Journal’s research. Mr. Kern, an established media and private-equity government, took over the corporate in April 2020 on the depths of the pandemic.

An Expedia spokesman credited his effort to navigate the pandemic and put the corporate able to thrive. Mr. Kern’s fairness awards, which made up the vast majority of his bundle, received’t start vesting prior to 2024 on the earliest, and the CEO isn’t anticipated to obtain further fairness all over his three-year employment contract, the spokesman added.

Several of the most important programs come with fairness awards tied to formidable stock-price objectives.

David Zaslav,

the longtime Discovery Inc. chief, won repayment valued at about $246 million. That bundle incorporated a $203 million choice grant that is dependent upon the inventory fee no less than doubling from present ranges prior to December 2027.

Mr. Zaslav, who now runs the newly merged

Warner Bros. Discovery Inc.,

“must create tens of billions of bucks of shareholder worth to get the upside from 82% of that repayment quantity,” a spokesman stated.

ServiceNow Inc.

boss

Bill McDermott

would want the cloud-computing corporation’s proportion fee to upward thrust by way of about part from present ranges, along with attaining subscription income goals, for any of his $139.2 million choice award to be within the cash, in keeping with the corporate’s proxy. In addition, a restricted-stock award valued at $18.6 million may up to double in worth relying on income, margin and stock-price enhancements, in keeping with the submitting.

A spokeswoman for ServiceNow stated the efficiency objectives are formidable and credited the manager’s management for the corporate’s market-capitalization enlargement and place of business awards.

At

JPMorgan Chase

& Co.,

Jamie Dimon

should wait no less than 5 years to workout choices the corporate valued at $52.6 million, just about two-thirds of his $84.4 million in reported 2021 pay, and hang ensuing stocks no less than some other 5 years. Excluding the particular award, Mr. Dimon’s pay rose lower than 0.5%, a spokesman stated.

Apple Inc.

stated

Tim Cook

hasn’t won an fairness award since he changed into CEO in August 2011, and the 2021 award’s measurement “acknowledges his outstanding management and is commensurate with the scale, efficiency, and profitability Apple has accomplished all over his tenure.” Apple’s marketplace capitalization used to be greater than $2.3 trillion at Friday’s shut, up from about $350 billion when he took over.

Advanced Micro Devices CEO Lisa Su, talking at CES in Las Vegas in 2019, used to be one among two dozen ladies operating S&P 500 corporations final 12 months.



Photo:

Steve Marcus/REUTERS

Two dozen ladies ran S&P 500 corporations for the overall 12 months of 2021, the similar quantity as 2020. None of them cracked the highest 25 in relation to repayment. The best possible paid used to be

Lisa Su,

who heads chip maker Advanced Micro Devices Inc., with a bundle price $29.5 million, together with $25.1 million in fairness. AMD declined to remark.

Several public-company CEOs made greater than the ones within the Journal research however weren’t incorporated as a result of they head corporations out of doors the S&P 500 index. Those come with ad-technology corporation BusinessDesk Inc., which reported $835 million for its leader, and

Endeavor Group Holdings Inc.,

which reported a $308 million bundle for its CEO,

Ari Emanuel.

Lowest Pay

Sixteen CEOs within the Journal research won repayment valued at lower than $5 million final 12 months, down from 25 the 12 months prior to. Several are CEOs comparable to

Elon Musk

and

Warren Buffett

with stakes of their corporations that cause them to some of the global’s richest other folks.

Tesla Inc.

reported paying Mr. Musk not anything for a moment 12 months in a row, after awarding him a record-setting 2018 pay bundle that used to be valued at $2.3 billion on the time. Since then, Mr. Musk has vested—or received complete name to—11 of the 12 tranches of inventory choices incorporated in that bundle. At contemporary costs, the ones choices can be valued at about $65 billion after workout. He usually should hang stocks as a consequence of the choices for a minimum of 5 years. Tesla didn’t reply to requests for remark.

Mr. Buffett, perennially probably the most S&P 500’s lowest-paid CEOs, were given $373,204 from

Berkshire Hathaway Inc.,

with house and personal-security prices accounting for all however his $100,000 in wage. Berkshire didn’t reply to requests for remark. Mr. Buffett holds stocks within the conglomerate valued at kind of $110 billion at contemporary costs.

Some of 2021’s lowest-paid CEOs had been amongst 2020’s best possible paid.

Activision Blizzard Inc.

reported paying

Bobby Kotick

$826,549 after he asked that his wage be diminished and handed up bonuses and fairness grants amid turmoil and govt investigations of place of business problems on the videogame corporation. Mr. Kotick used to be the second-highest paid CEO within the Journal’s research of 2020 pay, at $154.6 million, most commonly in fairness awards.

Activision Blizzard recorded the third-worst shareholder go back within the Journal’s 2021 research, at destructive 28%. In January, it agreed to be taken over by way of

Microsoft Corp.

A spokeswoman stated Activision has outperformed the marketplace since Mr. Kotick took over in 1991. “Mr. Kotick has reworked the corporate, reshaped the videogame business and delivered tens of billions of bucks of worth to shareholders,” she stated.

Best Performance

Only probably the most 25 highest-paid CEOs within the Journal research headed probably the most 25 best-performing corporations:

Applied Materials Inc.’s

Gary Dickerson,

who won $35.27 million in 2021 repayment. The semiconductor-equipment maker posted a complete shareholder go back for the 12 months of 132.6%, smartly above the median of 29.6%.

A one-time award, designed to praise Mr. Dickerson for stock-price will increase over 5 years, made up about $15 million of his 2021 pay bundle. Within a couple of 12 months, on account of a surge in Applied Material’s proportion fee, Mr. Dickerson had vested within the complete award and won further stocks.

Top-performing

Marathon Oil Corp.

recorded a one-year overall shareholder go back of about 150% and reported paying CEO

Lee Tillman

$13 million. In its proxy, the corporate stated Mr. Tillman’s goal pay declined by way of 25% from 2020, to $9 million, however efficiency measures ended in his bonus and different incentives paying out above goal.

CEO Pay Packages Rose to Median $14.7 Million in 2021, a New...

Arista Networks CEO Jayshree Ullal



Photo:

MARIA DEL RIO

Covid-19 vaccine maker

Moderna Inc.,

run by way of

Stéphane Bancel,

used to be the second-best appearing corporation. Mr. Bancel’s repayment used to be $18.2 million in 2021, up 41% from 2020. A spokeswoman declined to remark.

One of the highest 25 appearing corporations,

Arista Networks Inc.,

used to be headed by way of

Jayshree Ullal,

whose 2021 repayment totaled about $16 million. The network-equipment maker posted a go back of 97.9%. An Arista spokeswoman declined to remark.

Worst Performance

Five of the 25 worst-performing corporations within the Journal’s research had been application and products and services corporations and 4 had been media and leisure corporations.

Penn National Gaming Inc.,

a on line casino and on-line playing corporation, had the worst shareholder go back within the Journal research. About $48 million of the $65.9 million bundle for CEO

Jay Snowden

displays incentives designed to begin paying out provided that the percentage fee kind of triples from contemporary ranges, a spokesman stated. Mr. Snowden hasn’t but earned the award, the spokesman added.

Global Payments Inc.,

a payment-software and know-how corporation, used to be the second-worst appearing corporation. CEO

Jeffrey Sloan’s

repayment rose to $23.3 million from $15.5 million partly as a result of he gave up bonus and wage bills in 2020. A spokeswoman stated the corporate has prior to now outperformed the S&P 500 each and every complete 12 months it’s been within the index.

PAY RANKCEOCOMPANYTOTAL PAY (MILLONS)CASH PAY (MILLIONS)PAY CHANGE FROM 2020PAY VS. INDUSTRYRETURN VS. INDUSTRY1-YEAR RETURNMEDIAN EMPLOYEE PAYINDUSTRY
1Peter M. KernExpedia Group (EXPE)$296.25$0.850002 up 6952%6952%05 quintile04 quintileup 36% 36%$102,270Consumer Services
2David M. ZaslavWarner Bros. Discovery (DISCA)$246.57$29.400011 up 554%554%05 quintile01 quintiledown -22%-22%$82,964Media & Entertainment
3William R. McdermottServiceNow (NOW)$165.80$3.570010 up 560%560%05 quintile04 quintileup 18% 18%$233,859Software & Services
4Tim D. CookApple (AAPL)$98.73$15.000009 up 569%569%05 quintile01 quintileup 23% 23%$68,254Technology Hardware & Equipment
5James DimonJPMorgan Chase (JPM)$84.43$6.500019 up 167%167%05 quintile01 quintileup 28% 28%$92,112Banks and monetary
6Jay A. SnowdenPenn National Gaming (PENN)$65.89$8.540005 up 1590%1590%05 quintile01 quintiledown -40%-40%$33,930Consumer Services
7Hock E. TanBroadcom (AVGO)$60.70$6.600006 up 1542%1542%05 quintile04 quintileup 57% 57%$247,541Semiconductors & Semiconductor Equipment
8Ronald F. ClarkeFleetcor (FLT)$57.92$2.340003 up 4318%4318%05 quintile01 quintiledown -18%-18%$41,265Software & Services
9Glenn D. FogelBooking Holdings (BKNG)$53.98$5.960007 up 655%655%05 quintile02 quintileup 7.7% 7.7%$58,005Consumer Services
10Thomas M. RutledgeCharter Communications (CHTR)$41.86$11.400248 up 8%8%05 quintile02 quintiledown -1.4%-1.4%$60,007Media & Entertainment
11Reed HastingsNetflix (NFLX)$40.82$0.65down -6%-6%05 quintile03 quintileup 11% 11%$201,743Media & Entertainment
12Josh SilvermanEtsy (ETSY)$40.58$1.700004 up 1998%1998%05 quintile02 quintileup 23% 23%$231,338Retailing
13David M. SolomonGoldman Sachs (GS)$39.55$11.900054 up 65%65%05 quintile04 quintileup 48% 48%$165,828Banks and monetary
14Ted A. SarandosNetflix (NFLX)$38.23$20.00down -3%-3%04 quintile03 quintileup 11% 11%$201,743Media & Entertainment
15David J. LesarCenterpoint Energy (CNP)$37.81$3.540015 up 216%216%05 quintile05 quintileup 33% 33%$103,170Utilities
16Shantanu NarayenAdobe (ADBE)$36.13$3.20down -21%-21%05 quintile04 quintileup 40% 40%$165,733Software & Services
17Gary E. DickersonApplied Materials (AMAT)$35.27$3.090028 up 104%104%05 quintile05 quintileup 133% 133%$109,304Semiconductors & Semiconductor Equipment
18James P. GormanMorgan Stanley (MS)$34.94$9.880173 up 18%18%05 quintile04 quintileup 47% 47%$137,069Banks and monetary
19Jonathan M. JaffeLennar (LEN)$34.05$17.410045 up 76%76%05 quintile05 quintileup 40% 40%$101,561Consumer Durables & Apparel
19Rick BeckwittLennar (LEN)$34.05$17.410061 up 55.%55.%05 quintile05 quintileup 40% 40%$101,561Consumer Durables & Apparel
21Brian L. RobertsComcast (CMCSA)$33.98$11.880281 up 4%4%04 quintile02 quintiledown -2.2%-2.2%$83,840Media & Entertainment
22Laurence D. FinkBlackRock (BLK)$32.59$12.750168 up 19%19%05 quintile02 quintileup 29% 29%$164,492Banks and monetary
23Robert A. ChapekWalt Disney (DIS)$32.46$16.830023 up 129%129%04 quintile04 quintileup 36% 36%$50,430Media & Entertainment
24Daniel H. SchulmanPaypal (PYPL)$32.07$1.750103 up 37%37%05 quintile01 quintiledown -19%-19%$83,905Software & Services
25Ernie HerrmanTJX (TJX)$31.80$9.140025 up 119%119%05 quintile02 quintileup 14% 14%$14,139Retailing
26Stephen F. AngelLinde (LIN)$31.43$6.870048 up 69%69%05 quintile03 quintileup 33% 33%$40,659Materials
27Alfred F. Kelly JrVisa (V)$30.94$7.950179 up 17%17%05 quintile03 quintileup 12% 12%$146,420Software & Services
28Vincent T. RocheAnalog Devices (ADI)$30.82$5.030022 up 149%149%05 quintile04 quintileup 51% 51%$46,141Semiconductors & Semiconductor Equipment
29David V. AuldD.R. Horton (DHI)$30.57$22.130060 up 59%59%05 quintile02 quintileup 12% 12%$107,880Consumer Durables & Apparel
30Lisa T. SuAdvanced Micro Devices (AMD)$29.50$4.270242 up 9%9%04 quintile05 quintileup 57% 57%$128,263Semiconductors & Semiconductor Equipment
31Mary T. BarraGeneral Motors (GM)$29.14$9.740146 up 23%23%05 quintile04 quintileup 41% 41%$69,433Automobiles & Components
32Ari BousbibIqvia Holdings (IQV)$28.62$9.000216 up 12%12%05 quintile05 quintileup 57% 57%$139,803Pharmaceuticals, Biotechnology & Life Sciences
33Marc BenioffSalesforce.com (CRM)$28.60$4.650224 up 11%11%05 quintile02 quintileup 3.1% 3.1%$181,612Software & Services
34Carol B. TomeUnited Parcel Service (UPS)$27.62$2.730008 up 632%632%05 quintile04 quintileup 30% 30%$50,379Transportation
35David W. GibbsYum Brands (YUM)$27.58$6.610034 up 88%88%04 quintile04 quintileup 30% 30%$13,082Consumer Services
36Mark ZuckerbergFacebook (FB)$26.82$00259 up 6%6%03 quintile04 quintileup 23% 23%$292,785Media & Entertainment
37Alex GorskyJohnson & Johnson (JNJ)$26.74$5.90down -10%-10%05 quintile02 quintileup 12% 12%$90,000Pharmaceuticals, Biotechnology & Life Sciences
38Darius AdamczykHoneywell (HON)$26.10$5.590105 up 37%37%05 quintile01 quintiledown -0.2%-0.2%$75,529Capital Goods
39C. Douglas McmillonWalmart (WMT)$25.67$5.090203 up 14.%14.%05 quintile02 quintileup 1.1% 1.1%$25,335Food & Staples Retailing
40Stephen J. SqueriAmerican Express (AXP)$25.51$9.500267 up 5%5%05 quintile03 quintileup 37% 37%$67,460Banks and monetary
41Ramon L. LaguartaPepsico (PEP)$25.51$11.760169 up 19%19%05 quintile04 quintileup 20% 20%$52,297Food, Beverage & Tobacco
42Charles H. RobbinsCisco Systems (CSCO)$25.45$5.910235 up 10%10%05 quintile01 quintileup 21% 21%$124,806Technology Hardware & Equipment
43Sharmistha DubeyMatch Group (MTCH)$25.40$4.250036 up 85%85%03 quintile02 quintiledown -13%-13%$106,881Media & Entertainment
44Gary A. NorcrossFidelity National Information Services (FIS)$25.02$5.860093 up 40%40%04 quintile01 quintiledown -22%-22%$64,135Software & Services
45Sasan Okay. GoodarziIntuit (INTU)$24.93$3.190150 up 23%23%04 quintile05 quintileup 74% 74%$176,342Software & Services
46Robert B. FordAbbott Laboratories (ABT)$24.91$4.650155 up 22%22%05 quintile03 quintileup 30% 30%$97,952Health Care Equipment & Services
47Hamid R. MoghadamPrologis (PLD)$24.90$2.63down -28.%-28.%05 quintile05 quintileup 72% 72%$114,183Real Estate
48James QuinceyCoca-Cola (KO)$24.88$8.000109 up 35%35%05 quintile03 quintileup 11% 11%$13,894Food, Beverage & Tobacco
49Jim R. FitterlingDow (DOW)$24.86$6.640214 up 12%12%05 quintile02 quintileup 7% 7%$95,607Materials
50John T. StankeyAT&T (T)$24.82$9.290175 up 18%18%05 quintile03 quintiledown -8%-8%$107,570Media and telecom
51Jeffrey W. MartinSempra Energy (SRE)$24.68$5.300258 up 6%6%05 quintile01 quintileup 7.4% 7.4%$137,800Utilities
52Albert BourlaPfizer (PFE)$24.35$9.690191 up 16%16%05 quintile05 quintileup 66% 66%$92,986Pharmaceuticals, Biotechnology & Life Sciences
53D. James Umpleby IiiCaterpillar (CAT)$24.30$6.430044 up 78%78%05 quintile02 quintileup 16% 16%$51,102Capital Goods
54Richard A. GonzalezAbbvie (ABBV)$23.91$6.610%05 quintile03 quintileup 32% 32%$149,662Pharmaceuticals, Biotechnology & Life Sciences
55Ryan M. LanceConocoPhillips (COP)$23.89$6.65down -15%-15%05 quintile05 quintileup 86% 86%$179,428Energy
56Jen-Hsun HuangNvidia (NVDA)$23.74$5.000147 up 23%23%04 quintile05 quintileup 89% 89%$217,542Semiconductors & Semiconductor Equipment
57Brian T. MoynihanBank of America (BAC)$23.73$1.50down -9%-9%05 quintile04 quintileup 50% 50%$102,497Banks and monetary
58Jeffrey A. MillerHalliburton (HAL)$23.59$15.630262 up 6%6%05 quintile01 quintileup 22% 22%$81,076Energy
59Darren W. WoodsExxon Mobil (XOM)$23.57$4.760067 up 51%51%05 quintile04 quintileup 58% 58%$189,082Energy
60Phebe N. NovakovicGeneral Dynamics (GD)$23.55$7.750153 up 22%22%05 quintile04 quintileup 44% 44%$92,585Capital Goods
61Juan R. LucianoArcher Daniels Midland (ADM)$23.51$6.720256 up 7%7%05 quintile05 quintileup 37% 37%$81,320Food, Beverage & Tobacco
62Jeffrey S. SloanGlobal Payments (GPN)$23.32$2.750069 up 50%50%04 quintile01 quintiledown -37%-37%$56,202Software & Services
63Gregory J. HayesRaytheon Technologies (RTX)$23.32$6.590223 up 11%11%05 quintile03 quintileup 23% 23%$112,078Capital Goods
64Christopher J. NassettaHilton Worldwide (HLT)$23.29$4.61down -58.%-58.%04 quintile05 quintileup 40% 40%$36,915Consumer Services
65Charles J. MeyersEquinix (EQIX)$23.25$1.05down -10%-10%05 quintile01 quintileup 20% 20%$122,075Real Estate
66Kevin P. HouricanSysco (SYY)$23.20$3.62down -10%-10%04 quintile05 quintileup 46% 46%$75,209Food & Staples Retailing
67Evan G. GreenbergChubb (CB)$23.18$8.900200 up 14.%14.%05 quintile03 quintileup 28% 28%$71,894Insurance
68Julie SweetAccenture (ACN)$23.09$6.810111 up 34%34%04 quintile04 quintileup 42% 42%$48,770Software & Services
69Terrence A. DuffyCME Group (CME)$22.92$10.880083 up 42%42%05 quintile02 quintileup 29% 29%$153,565Banks and monetary
70James D. Farley JrFord Motor (F)$22.81$5.370032 up 93%93%04 quintile05 quintileup 138% 138%$64,003Automobiles & Components
71Bret TaylorSalesforce.com (CRM)$22.79$2.760%04 quintile02 quintileup 3.1% 3.1%$181,612Software & Services
72Joseph W. GorderValero Energy (VLO)$22.68$7.060202 up 14.%14.%05 quintile03 quintileup 40% 40%$198,219Energy
73H. Lawrence Culp, JrGeneral Electric (GE)$22.66$6.70down -69%-69%05 quintile02 quintileup 10% 10%$55,064Capital Goods
74Jeffrey Okay. StoreyLumen Technologies (LUMN)$22.65$5.400113 up 34%34%04 quintile05 quintileup 39% 39%$75,984Media and telecom
75G. Michael SievertT-Mobile US (TMUS)$22.61$8.89down -59%-59%03 quintile02 quintiledown -14%-14%$72,572Media and telecom
76Michael Okay. WirthChevron (CVX)$22.61$6.15down -22%-22%04 quintile03 quintileup 46% 46%$183,531Energy
77Thomas R. ReegCaesars Entertainment (CZR)$22.58$15.000057 up 65%65%04 quintile03 quintileup 26% 26%$35,618Consumer Services
78Andrew AnagnostAutodesk (ADSK)$22.10$1.000090 up 40%40%04 quintile01 quintiledown -10%-10%$137,042Software & Services
79Walter W. Bettinger IiCharles Schwab (SCHW)$21.94$8.570102 up 37%37%05 quintile05 quintileup 60% 60%$109,269Banks and monetary
80Peter ZaffinoAmerican International Group (AIG)$21.91$9.480%05 quintile05 quintileup 54% 54%$71,936Insurance
81Robert A. BradwayAmgen (AMGN)$21.72$5.090245 up 8%8%05 quintile02 quintileup 1% 1%$130,589Pharmaceuticals, Biotechnology & Life Sciences
82Jamie IannoneEbay (EBAY)$21.69$6.55down -38%-38%05 quintile03 quintileup 34% 34%$135,528Retailing
83Joseph M. HoganAlign Technology (ALGN)$21.59$5.680097 up 39%39%05 quintile03 quintileup 23% 23%$13,011Health Care Equipment & Services
84L. Neil HunnRoper Technologies (ROP)$21.53$4.000211 up 13%13%03 quintile03 quintileup 15% 15%$98,550Software & Services
85Daniel S. GlaserMarsh & McLennan (MMC)$21.52$8.500240 up 9%9%05 quintile05 quintileup 51% 51%$67,143Insurance
86David A. RicksEli Lilly (LLY)$21.51$3.98down -9%-9%05 quintile05 quintileup 66% 66%$97,130Pharmaceuticals, Biotechnology & Life Sciences
87Kevin M. SteinTransdigm Group (TDG)$21.48$3.00down -3%-3%05 quintile04 quintileup 31% 31%$58,837Capital Goods
88Charles W. ScharfWells Fargo (WFC)$21.35$7.870271 up 5%5%04 quintile05 quintileup 61% 61%$73,578Banks and monetary
89Thomas A. FanningSouthern (SO)$21.24$4.43down -5%-5%05 quintile03 quintileup 16% 16%$132,450Utilities
90Marc N. CasperThermo Fisher Scientific (TMO)$21.23$7.96down -20%-20%04 quintile04 quintileup 44% 44%$83,666Pharmaceuticals, Biotechnology & Life Sciences
91James M. CracchioloAmeriprise Financial (AMP)$21.23$7.800294 up 2%2%04 quintile05 quintileup 58% 58%$129,010Banks and monetary
92Michael J. HenniganMarathon Petroleum (MPC)$21.19$6.020106 up 36%36%04 quintile04 quintileup 61% 61%$148,850Energy
93David L. CalhounBoeing (BA)$21.09$4.780%05 quintile01 quintiledown -6%-6%$124,844Capital Goods
94Greg C. GarlandPhillips 66 (PSX)$20.95$5.83down -16%-16%04 quintile01 quintileup 8.6% 8.6%$161,584Energy
95Kurt SieversNXP Semiconductors (NXPI)$20.91$4.510243 up 9%9%04 quintile04 quintileup 45% 45%$50,138Semiconductors & Semiconductor Equipment
96E. Scott SantiIllinois Tool Works (ITW)$20.79$8.760070 up 48%48%05 quintile03 quintileup 24% 24%$61,011Capital Goods
97Wendell P. WeeksCorning (GLW)$20.77$12.310238 up 10%10%05 quintile01 quintileup 5.9% 5.9%$40,760Technology Hardware & Equipment
98Enrique J. LoresHP (HPQ)$20.73$5.640053 up 66%66%05 quintile05 quintileup 74% 74%$67,667Technology Hardware & Equipment
99Michael F F. NeidorffCentene (CNC)$20.64$5.24down -17%-17%05 quintile04 quintileup 37% 37%$71,217Health Care Equipment & Services
100Samuel N. HazenHCA Healthcare (HCA)$20.64$5.96down -32%-32%05 quintile05 quintileup 58% 58%$56,044Health Care Equipment & Services
101Adam H. SchechterLaboratory Corp of America (LH)$20.55$5.080094 up 39%39%05 quintile05 quintileup 54% 54%$57,614Health Care Equipment & Services
102Richard D. FairbankCapital One (COF)$20.46$4.550298 up 2%2%04 quintile04 quintileup 49% 49%$81,029Banks and monetary
103Kevin R. JohnsonStarbucks (SBUX)$20.43$5.640095 up 39%39%03 quintile04 quintileup 31% 31%$12,935Consumer Services
104Frank J. BisignanoFiserv (FISV)$20.39$4.000051 up 67%67%03 quintile01 quintiledown -8.8%-8.8%$70,276Software & Services
105Hans VestbergVerizon (VZ)$20.34$5.330257 up 7%7%02 quintile04 quintiledown -7.5%-7.5%$122,492Media and telecom
106Michael HsingMonolithic Power Systems (MPWR)$20.25$6.470101 up 38%38%03 quintile03 quintileup 35% 35%$48,913Semiconductors & Semiconductor Equipment
107Robert M. BakishParamount Global (PARA)$20.04$19.93down -49%-49%03 quintile01 quintiledown -17%-17%$94,580Media & Entertainment
108Christopher J. KempczinskiMcdonald’s (MCD)$20.03$5.670038 up 85%85%03 quintile03 quintileup 28% 28%$8,897Consumer Services
109James M. FooteCSX (CSX)$20.01$6.750124 up 31%31%05 quintile03 quintileup 26% 26%$107,772Transportation
110John D. WrenOmnicom Group (OMC)$19.98$11.860041 up 79%79%02 quintile04 quintileup 22% 22%$50,612Media & Entertainment
111Gregory Q. BrownMotorola Solutions (MSI)$19.98$4.19down -13%-13%04 quintile04 quintileup 62% 62%$82,965Technology Hardware & Equipment
112Adena T. FriedmanNasdaq (NDAQ)$19.97$7.050137 up 26%26%04 quintile05 quintileup 60% 60%$98,946Banks and monetary
113Joseph M. ZubretskyMolina Healthcare (MOH)$19.96$4.880213 up 12%12%05 quintile05 quintileup 50% 50%$71,916Health Care Equipment & Services
114John C. MayDeere (DE)$19.91$9.480133 up 28.%28.%05 quintile05 quintileup 53% 53%$82,240Capital Goods
115Kathy J. WardenNorthrop Grumman (NOC)$19.88$5.33down -4%-4%04 quintile03 quintileup 29% 29%$119,721Capital Goods
116David M. CordaniCigna (CI)$19.87$4.200%04 quintile02 quintileup 12% 12%$66,917Health Care Equipment & Services
117Gregory C. CaseAon (AON)$19.87$3.94down -2%-2%05 quintile04 quintileup 43% 43%$81,645Insurance
118Alan D. SchnitzerTravelers (TRV)$19.85$7.800273 up 5%5%05 quintile02 quintileup 14% 14%$109,586Insurance
119Charles F. LowrelyPrudential (PRU)$19.80$7.630119 up 32%32%04 quintile04 quintileup 45% 45%$114,931Insurance
120Giovanni CaforioBristol Myers Squibb (BMY)$19.78$5.11down -2%-2%04 quintile02 quintileup 2.9% 2.9%$148,649Pharmaceuticals, Biotechnology & Life Sciences
121Brian HumphriesCognizant Technology (CTSH)$19.69$5.320082 up 43%43%03 quintile03 quintileup 10% 10%$34,225Software & Services
122Frank J. Del RioNorwegian Cruise Line Holdings (NCLH)$19.67$5.40down -46%-46%03 quintile01 quintiledown -18%-18%$19,319Consumer Services
123Craig ArnoldEaton (ETN)$19.37$4.190226 up 11%11%04 quintile05 quintileup 47% 47%$56,287Capital Goods
124Gail Okay. BoudreauxAnthem (ANTM)$19.35$5.580208 up 13%13%04 quintile05 quintileup 46% 46%$51,005Health Care Equipment & Services
125Daniel P. O’DayGilead Sciences (GILD)$19.23$5.100300 up 1%1%04 quintile03 quintileup 30% 30%$211,687Pharmaceuticals, Biotechnology & Life Sciences
126Richard Okay. TempletonTexas Instruments (TXN)$19.20$5.780303 up 1%1%03 quintile02 quintileup 18% 18%$69,407Semiconductors & Semiconductor Equipment
127Andrew CecereU.S. Bancorp (USB)$19.17$5.730196 up 14.%14.%04 quintile01 quintileup 24% 24%$85,166Banks and monetary
128Richard C. AdkersonFreeport-Mcmoran (FCX)$19.11$5.340197 up 14.%14.%05 quintile05 quintileup 61% 61%$77,036Materials
129Thomas J. WilsonAllstate (ALL)$19.07$7.66down -10%-10%04 quintile01 quintileup 10% 10%$62,235Insurance
130Antonio F. NeriHewlett Packard Enterprise (HPE)$19.05$5.230087 up 41%41%04 quintile05 quintileup 75% 75%$65,944Technology Hardware & Equipment
131Badrinarayanan KothandaramanEnphase Energy (ENPH)$19.02$0.710014 up 263%263%02 quintile01 quintileup 4.3% 4.3%$67,267Semiconductors & Semiconductor Equipment
132Bhavesh (Bob) PatelLyondellBasell (LYB)$19.01$5.660152 up 22%22%05 quintile02 quintileup 5.3% 5.3%$106,258Materials
133Marc R. BitzerWhirlpool (WHR)$18.75$5.520231 up 10%10%04 quintile04 quintileup 33% 33%$27,128Consumer Durables & Apparel
134Scott C. DonnellyTextron (TXT)$18.58$4.880274 up 5%5%04 quintile05 quintileup 60% 60%$102,647Capital Goods
135Ronald S. NersesianKeysight Technologies (KEYS)$18.57$3.220156 up 22%22%04 quintile04 quintileup 72% 72%$77,082Technology Hardware & Equipment
136J. Kevin FletcherWEC Energy (WEC)$18.48$3.950295 up 2%2%05 quintile02 quintileup 8.7% 8.7%$122,530Utilities
137Andrew P. WittyUnitedhealth Group (UNH)$18.43$4.000079 up 43%43%04 quintile04 quintileup 45% 45%$61,379Health Care Equipment & Services
138Anthony G. CapuanoMarriott International (MAR)$18.39$5.930013 up 330%330%02 quintile02 quintileup 25% 25%$36,505Consumer Services
139Ajei S. GopalAnsys (ANSS)$18.26$2.800127 up 30%30%03 quintile03 quintileup 10% 10%$118,588Software & Services
140Michael F. Roman3M (MMM)$18.20$4.47down -12%-12%04 quintile01 quintileup 4.9% 4.9%$71,821Capital Goods
141W. Rodney McmullenKroger (KR)$18.17$6.00down -19%-19%03 quintile03 quintileup 29% 29%$26,763Food & Staples Retailing
142Stephane BancelModerna (MRNA)$18.16$2.490088 up 41%41%04 quintile05 quintileup 143% 143%$133,074Pharmaceuticals, Biotechnology & Life Sciences
143James D. Taiclet JrLockheed Martin (LMT)$18.11$5.79down -22%-22%04 quintile01 quintileup 3.2% 3.2%$110,113Capital Goods
144Steven J. KeanKinder Morgan (KMI)$18.00$00001 up 1800025800%1800025800%04 quintile02 quintileup 24% 24%$115,388Energy
145Brian R. NiccolChipotle Mexican Grill (CMG)$17.88$5.59down -53%-53%02 quintile03 quintileup 26% 26%$15,811Consumer Services
146Marvin R. EllisonLowes (LOW)$17.87$6.95down -23%-23%05 quintile04 quintileup 44% 44%$22,697Retailing
147Mark J. CostaEastman Chemical (EMN)$17.80$4.780122 up 31%31%05 quintile03 quintileup 24% 24%$92,880Materials
148Michel P. VounatsosBiogen (BIIB)$17.69$2.69down -5%-5%04 quintile01 quintiledown -2%-2%$163,551Pharmaceuticals, Biotechnology & Life Sciences
149Frederic B. LissaldeBorgWarner (BWA)$17.59$3.760042 up 79%79%03 quintile02 quintileup 18% 18%$31,740Automobiles & Components
150Daniel J. HoustonPrincipal Financial (PFG)$17.57$7.080212 up 13%13%04 quintile05 quintileup 51% 51%$75,348Insurance
151Arvind KrishnaIBM (IBM)$17.55$4.440286 up 3%3%03 quintile03 quintileup 17% 17%$45,197Software & Services
152William S. DemchakPNC Financial (PNC)$17.51$5.000229 up 10%10%04 quintile03 quintileup 38% 38%$78,333Banks and monetary
153Philippe KrakowskyInterpublic Group Of Companies (IPG)$17.37$9.900030 up 96%96%02 quintile05 quintileup 65% 65%$59,814Media & Entertainment
154Rainer M. BlairDanaher (DHR)$17.15$5.330056 up 65%65%03 quintile04 quintileup 49% 49%$66,203Pharmaceuticals, Biotechnology & Life Sciences
155A. William SteinDigital Realty Trust (DLR)$17.14$4.580272 up 5%5%05 quintile02 quintileup 31% 31%$122,276Real Estate
156William J. StrombergT. Rowe Price (TROW)$17.13$10.250220 up 12%12%04 quintile02 quintileup 33% 33%$138,173Banks and monetary
157David V. GoeckelerWestern Digital (WDC)$17.09$4.60down -52%-52%04 quintile03 quintileup 61% 61%$11,292Technology Hardware & Equipment
158William L. MeaneyIron Mountain (IRM)$17.05$4.370098 up 39%39%05 quintile05 quintileup 88% 88%$41,600Real Estate
159Leo P. DenaultEntergy (ETR)$17.05$3.750268 up 5%5%05 quintile03 quintileup 17% 17%$135,272Utilities
160Olivier Le PeuchSchlumberger (SLB)$16.80$5.320016 up 197%197%03 quintile02 quintileup 40% 40%$66,138Energy
161Kevin AliOrganon (OGN)$16.79$2.620%03 quintile01 quintileNANAPharmaceuticals, Biotechnology & Life Sciences
162Dennis R. GlassLincoln National (LNC)$16.76$5.950182 up 17%17%04 quintile04 quintileup 40% 40%$84,240Insurance
163Rodney C. SacksMonster Beverage (MNST)$16.71$3.080253 up 7%7%04 quintile02 quintileup 3.8% 3.8%$69,417Food, Beverage & Tobacco
164Hilton H. SchlosbergMonster Beverage (MNST)$16.69$3.080252 up 7%7%04 quintile02 quintileup 3.8% 3.8%$69,417Food, Beverage & Tobacco
165Michel A. KhalafMetlife (MET)$16.62$6.000250 up 8%8%04 quintile03 quintileup 37% 37%$76,392Insurance
166Todd J. VasosDollar General (DG)$16.62$5.890301 up 1%1%04 quintile02 quintileup 7.7% 7.7%$17,773Retailing
167James A. LicoFortive (FTV)$16.60$4.350154 up 22%22%04 quintile02 quintileup 8.2% 8.2%$61,746Capital Goods
168Bruce D. BroussardHumana (HUM)$16.53$3.470%04 quintile03 quintileup 14% 14%$64,797Health Care Equipment & Services
169Lynn J. GoodDuke Energy (DUK)$16.45$4.680207 up 13%13%04 quintile04 quintileup 19% 19%$115,895Utilities
170Kevin A. LoboStryker (SYK)$16.36$3.120148 up 23%23%04 quintile02 quintileup 10% 10%$76,715Health Care Equipment & Services
171Steven J. DemetriouJacobs Engineering (J)$16.28$4.710234 up 10%10%05 quintile03 quintileup 44% 44%$91,393Commercial & Professional Services
172Liam Okay. GriffinSkyworks Solutions (SWKS)$16.15$4.51down -26%-26%02 quintile02 quintileup 15% 15%$17,409Semiconductors & Semiconductor Equipment
173Ryan R. MarshallPulteGroup (PHM)$16.15$9.120149 up 23%23%04 quintile04 quintileup 34% 34%$136,630Consumer Durables & Apparel
174Michele G. BuckHershey (HSY)$16.14$5.29down -16%-16%04 quintile05 quintileup 30% 30%$36,149Food, Beverage & Tobacco
175Douglas L. PetersonS&P Global (SPGI)$16.14$5.620255 up 7%7%04 quintile04 quintileup 45% 45%$27,835Banks and monetary
176Dirk Van De PutMondelez (MDLZ)$16.13$4.01down -4%-4%03 quintile04 quintileup 16% 16%$31,024Food, Beverage & Tobacco
177Michael MiebachMastercard (MA)$16.12$3.970165 up 19%19%03 quintile02 quintileup 1.2% 1.2%$128,154Software & Services
178Thomas A. BartlettAmerican Tower (AMT)$16.11$4.080237 up 10%10%05 quintile03 quintileup 33% 33%$37,616Real Estate
179Mark W. BegorEquifax (EFX)$16.07$5.100181 up 17%17%05 quintile04 quintileup 53% 53%$90,330Commercial & Professional Services
180Michael F. MahoneyBoston Scientific (BSX)$16.06$3.690186 up 17%17%04 quintile03 quintileup 18% 18%$68,891Health Care Equipment & Services
181Scott D. SheffieldPioneer Natural Resources (PXD)$16.00$3.820166 up 19%19%03 quintile04 quintileup 66% 66%$166,480Energy
182Jayshree UllalArista Networks (ANET)$15.99$0.600021 up 152%152%03 quintile05 quintileup 98% 98%$190,816Technology Hardware & Equipment
183Barbara RentlerRoss Stores (ROST)$15.99$6.07down -9%-9%04 quintile01 quintiledown -11%-11%$10,806Retailing
184Michael R. McmullenAgilent Technologies (A)$15.97$4.430180 up 17%17%03 quintile05 quintileup 55% 55%$82,890Pharmaceuticals, Biotechnology & Life Sciences
185John G. MorikisSherwin-Williams (SHW)$15.84$4.650284 up 3%3%04 quintile04 quintileup 45% 45%$43,321Materials
186Christopher SwiftHartford Financial (HIG)$15.82$5.890112 up 34%34%03 quintile04 quintileup 44% 44%$106,940Insurance
187Richard D. FainRoyal Caribbean (RCL)$15.81$4.230123 up 31%31%02 quintile02 quintileup 3% 3%$14,706Consumer Services
188Christopher M. CraneExelon (EXC)$15.76$3.470280 up 4%4%04 quintile05 quintileup 41% 41%$160,633Utilities
189Daniel P. AmosAflac (AFL)$15.73$6.25down -30%-30%03 quintile03 quintileup 35% 35%$65,458Insurance
190Christopher E. KubasikL3Harris Technologies (LHX)$15.70$4.250%04 quintile02 quintileup 15% 15%$110,846Capital Goods
191George R. OliverJohnson Controls (JCI)$15.67$5.790199 up 14.%14.%04 quintile05 quintileup 70% 70%$43,640Capital Goods
192Lorenzo SimonelliBaker Hughes (BKR)$15.65$4.220293 up 2%2%03 quintile01 quintileup 19% 19%$69,701Energy
193N. Thomas LinebargerCummins (CMI)$15.65$7.80down -10%-10%04 quintile01 quintiledown -1.7%-1.7%$53,864Capital Goods
194Jose E. AlmeidaBaxter International (BAX)$15.63$3.66down -1%-1%03 quintile02 quintileup 8.4%