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.
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 RANK | CEO | COMPANY | TOTAL PAY (MILLONS) | CASH PAY (MILLIONS) | PAY CHANGE FROM 2020 | PAY VS. INDUSTRY | RETURN VS. INDUSTRY | 1-YEAR RETURN | MEDIAN EMPLOYEE PAY | INDUSTRY |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Peter M. Kern | Expedia Group (EXPE) | $296.25 | $0.85 |  6952% |  |  | 36% | $102,270 | Consumer Services |
| 2 | David M. Zaslav | Warner Bros. Discovery (DISCA) | $246.57 | $29.40 | 554% | |  |  -22% | $82,964 | Media & Entertainment |
| 3 | William R. Mcdermott | ServiceNow (NOW) | $165.80 | $3.57 | 560% | | | 18% | $233,859 | Software & Services |
| 4 | Tim D. Cook | Apple (AAPL) | $98.73 | $15.00 | 569% | | | 23% | $68,254 | Technology Hardware & Equipment |
| 5 | James Dimon | JPMorgan Chase (JPM) | $84.43 | $6.50 | 167% | | | 28% | $92,112 | Banks and monetary |
| 6 | Jay A. Snowden | Penn National Gaming (PENN) | $65.89 | $8.54 | 1590% | | | -40% | $33,930 | Consumer Services |
| 7 | Hock E. Tan | Broadcom (AVGO) | $60.70 | $6.60 | 1542% | | | 57% | $247,541 | Semiconductors & Semiconductor Equipment |
| 8 | Ronald F. Clarke | Fleetcor (FLT) | $57.92 | $2.34 | 4318% | | | -18% | $41,265 | Software & Services |
| 9 | Glenn D. Fogel | Booking Holdings (BKNG) | $53.98 | $5.96 | 655% | |  | 7.7% | $58,005 | Consumer Services |
| 10 | Thomas M. Rutledge | Charter Communications (CHTR) | $41.86 | $11.40 | 8% | | | -1.4% | $60,007 | Media & Entertainment |
| 11 | Reed Hastings | Netflix (NFLX) | $40.82 | $0.65 | -6% | |  | 11% | $201,743 | Media & Entertainment |
| 12 | Josh Silverman | Etsy (ETSY) | $40.58 | $1.70 | 1998% | | | 23% | $231,338 | Retailing |
| 13 | David M. Solomon | Goldman Sachs (GS) | $39.55 | $11.90 | 65% | | | 48% | $165,828 | Banks and monetary |
| 14 | Ted A. Sarandos | Netflix (NFLX) | $38.23 | $20.00 | -3% |  | | 11% | $201,743 | Media & Entertainment |
| 15 | David J. Lesar | Centerpoint Energy (CNP) | $37.81 | $3.54 | 216% | |  | 33% | $103,170 | Utilities |
| 16 | Shantanu Narayen | Adobe (ADBE) | $36.13 | $3.20 | -21% | | | 40% | $165,733 | Software & Services |
| 17 | Gary E. Dickerson | Applied Materials (AMAT) | $35.27 | $3.09 | 104% | | | 133% | $109,304 | Semiconductors & Semiconductor Equipment |
| 18 | James P. Gorman | Morgan Stanley (MS) | $34.94 | $9.88 | 18% | | | 47% | $137,069 | Banks and monetary |
| 19 | Jonathan M. Jaffe | Lennar (LEN) | $34.05 | $17.41 | 76% | | | 40% | $101,561 | Consumer Durables & Apparel |
| 19 | Rick Beckwitt | Lennar (LEN) | $34.05 | $17.41 | 55.% | | | 40% | $101,561 | Consumer Durables & Apparel |
| 21 | Brian L. Roberts | Comcast (CMCSA) | $33.98 | $11.88 | 4% | | | -2.2% | $83,840 | Media & Entertainment |
| 22 | Laurence D. Fink | BlackRock (BLK) | $32.59 | $12.75 | 19% | | | 29% | $164,492 | Banks and monetary |
| 23 | Robert A. Chapek | Walt Disney (DIS) | $32.46 | $16.83 | 129% | | | 36% | $50,430 | Media & Entertainment |
| 24 | Daniel H. Schulman | Paypal (PYPL) | $32.07 | $1.75 | 37% | | | -19% | $83,905 | Software & Services |
| 25 | Ernie Herrman | TJX (TJX) | $31.80 | $9.14 | 119% | | | 14% | $14,139 | Retailing |
| 26 | Stephen F. Angel | Linde (LIN) | $31.43 | $6.87 | 69% | | | 33% | $40,659 | Materials |
| 27 | Alfred F. Kelly Jr | Visa (V) | $30.94 | $7.95 | 17% | | | 12% | $146,420 | Software & Services |
| 28 | Vincent T. Roche | Analog Devices (ADI) | $30.82 | $5.03 | 149% | | | 51% | $46,141 | Semiconductors & Semiconductor Equipment |
| 29 | David V. Auld | D.R. Horton (DHI) | $30.57 | $22.13 | 59% | | | 12% | $107,880 | Consumer Durables & Apparel |
| 30 | Lisa T. Su | Advanced Micro Devices (AMD) | $29.50 | $4.27 | 9% | | | 57% | $128,263 | Semiconductors & Semiconductor Equipment |
| 31 | Mary T. Barra | General Motors (GM) | $29.14 | $9.74 | 23% | | | 41% | $69,433 | Automobiles & Components |
| 32 | Ari Bousbib | Iqvia Holdings (IQV) | $28.62 | $9.00 | 12% | | | 57% | $139,803 | Pharmaceuticals, Biotechnology & Life Sciences |
| 33 | Marc Benioff | Salesforce.com (CRM) | $28.60 | $4.65 | 11% | | | 3.1% | $181,612 | Software & Services |
| 34 | Carol B. Tome | United Parcel Service (UPS) | $27.62 | $2.73 | 632% | | | 30% | $50,379 | Transportation |
| 35 | David W. Gibbs | Yum Brands (YUM) | $27.58 | $6.61 | 88% | | | 30% | $13,082 | Consumer Services |
| 36 | Mark Zuckerberg | Facebook (FB) | $26.82 | $0 | 6% |  | | 23% | $292,785 | Media & Entertainment |
| 37 | Alex Gorsky | Johnson & Johnson (JNJ) | $26.74 | $5.90 | -10% | | | 12% | $90,000 | Pharmaceuticals, Biotechnology & Life Sciences |
| 38 | Darius Adamczyk | Honeywell (HON) | $26.10 | $5.59 | 37% | | | -0.2% | $75,529 | Capital Goods |
| 39 | C. Douglas Mcmillon | Walmart (WMT) | $25.67 | $5.09 | 14.% | | | 1.1% | $25,335 | Food & Staples Retailing |
| 40 | Stephen J. Squeri | American Express (AXP) | $25.51 | $9.50 | 5% | | | 37% | $67,460 | Banks and monetary |
| 41 | Ramon L. Laguarta | Pepsico (PEP) | $25.51 | $11.76 | 19% | | | 20% | $52,297 | Food, Beverage & Tobacco |
| 42 | Charles H. Robbins | Cisco Systems (CSCO) | $25.45 | $5.91 | 10% | | | 21% | $124,806 | Technology Hardware & Equipment |
| 43 | Sharmistha Dubey | Match Group (MTCH) | $25.40 | $4.25 | 85% | | | -13% | $106,881 | Media & Entertainment |
| 44 | Gary A. Norcross | Fidelity National Information Services (FIS) | $25.02 | $5.86 | 40% | | | -22% | $64,135 | Software & Services |
| 45 | Sasan Okay. Goodarzi | Intuit (INTU) | $24.93 | $3.19 | 23% | | | 74% | $176,342 | Software & Services |
| 46 | Robert B. Ford | Abbott Laboratories (ABT) | $24.91 | $4.65 | 22% | | | 30% | $97,952 | Health Care Equipment & Services |
| 47 | Hamid R. Moghadam | Prologis (PLD) | $24.90 | $2.63 | -28.% | | | 72% | $114,183 | Real Estate |
| 48 | James Quincey | Coca-Cola (KO) | $24.88 | $8.00 | 35% | | | 11% | $13,894 | Food, Beverage & Tobacco |
| 49 | Jim R. Fitterling | Dow (DOW) | $24.86 | $6.64 | 12% | | | 7% | $95,607 | Materials |
| 50 | John T. Stankey | AT&T (T) | $24.82 | $9.29 | 18% | | | -8% | $107,570 | Media and telecom |
| 51 | Jeffrey W. Martin | Sempra Energy (SRE) | $24.68 | $5.30 | 6% | | | 7.4% | $137,800 | Utilities |
| 52 | Albert Bourla | Pfizer (PFE) | $24.35 | $9.69 | 16% | | | 66% | $92,986 | Pharmaceuticals, Biotechnology & Life Sciences |
| 53 | D. James Umpleby Iii | Caterpillar (CAT) | $24.30 | $6.43 | 78% | | | 16% | $51,102 | Capital Goods |
| 54 | Richard A. Gonzalez | Abbvie (ABBV) | $23.91 | $6.61 | 0% | | | 32% | $149,662 | Pharmaceuticals, Biotechnology & Life Sciences |
| 55 | Ryan M. Lance | ConocoPhillips (COP) | $23.89 | $6.65 | -15% | | | 86% | $179,428 | Energy |
| 56 | Jen-Hsun Huang | Nvidia (NVDA) | $23.74 | $5.00 | 23% | | | 89% | $217,542 | Semiconductors & Semiconductor Equipment |
| 57 | Brian T. Moynihan | Bank of America (BAC) | $23.73 | $1.50 | -9% | | | 50% | $102,497 | Banks and monetary |
| 58 | Jeffrey A. Miller | Halliburton (HAL) | $23.59 | $15.63 | 6% | | | 22% | $81,076 | Energy |
| 59 | Darren W. Woods | Exxon Mobil (XOM) | $23.57 | $4.76 | 51% | | | 58% | $189,082 | Energy |
| 60 | Phebe N. Novakovic | General Dynamics (GD) | $23.55 | $7.75 | 22% | | | 44% | $92,585 | Capital Goods |
| 61 | Juan R. Luciano | Archer Daniels Midland (ADM) | $23.51 | $6.72 | 7% | | | 37% | $81,320 | Food, Beverage & Tobacco |
| 62 | Jeffrey S. Sloan | Global Payments (GPN) | $23.32 | $2.75 | 50% | | | -37% | $56,202 | Software & Services |
| 63 | Gregory J. Hayes | Raytheon Technologies (RTX) | $23.32 | $6.59 | 11% | | | 23% | $112,078 | Capital Goods |
| 64 | Christopher J. Nassetta | Hilton Worldwide (HLT) | $23.29 | $4.61 | -58.% | | | 40% | $36,915 | Consumer Services |
| 65 | Charles J. Meyers | Equinix (EQIX) | $23.25 | $1.05 | -10% | | | 20% | $122,075 | Real Estate |
| 66 | Kevin P. Hourican | Sysco (SYY) | $23.20 | $3.62 | -10% | | | 46% | $75,209 | Food & Staples Retailing |
| 67 | Evan G. Greenberg | Chubb (CB) | $23.18 | $8.90 | 14.% | | | 28% | $71,894 | Insurance |
| 68 | Julie Sweet | Accenture (ACN) | $23.09 | $6.81 | 34% | | | 42% | $48,770 | Software & Services |
| 69 | Terrence A. Duffy | CME Group (CME) | $22.92 | $10.88 | 42% | | | 29% | $153,565 | Banks and monetary |
| 70 | James D. Farley Jr | Ford Motor (F) | $22.81 | $5.37 | 93% | | | 138% | $64,003 | Automobiles & Components |
| 71 | Bret Taylor | Salesforce.com (CRM) | $22.79 | $2.76 | 0% | | | 3.1% | $181,612 | Software & Services |
| 72 | Joseph W. Gorder | Valero Energy (VLO) | $22.68 | $7.06 | 14.% | | | 40% | $198,219 | Energy |
| 73 | H. Lawrence Culp, Jr | General Electric (GE) | $22.66 | $6.70 | -69% | | | 10% | $55,064 | Capital Goods |
| 74 | Jeffrey Okay. Storey | Lumen Technologies (LUMN) | $22.65 | $5.40 | 34% | | | 39% | $75,984 | Media and telecom |
| 75 | G. Michael Sievert | T-Mobile US (TMUS) | $22.61 | $8.89 | -59% | | | -14% | $72,572 | Media and telecom |
| 76 | Michael Okay. Wirth | Chevron (CVX) | $22.61 | $6.15 | -22% | | | 46% | $183,531 | Energy |
| 77 | Thomas R. Reeg | Caesars Entertainment (CZR) | $22.58 | $15.00 | 65% | | | 26% | $35,618 | Consumer Services |
| 78 | Andrew Anagnost | Autodesk (ADSK) | $22.10 | $1.00 | 40% | | | -10% | $137,042 | Software & Services |
| 79 | Walter W. Bettinger Ii | Charles Schwab (SCHW) | $21.94 | $8.57 | 37% | | | 60% | $109,269 | Banks and monetary |
| 80 | Peter Zaffino | American International Group (AIG) | $21.91 | $9.48 | 0% | | | 54% | $71,936 | Insurance |
| 81 | Robert A. Bradway | Amgen (AMGN) | $21.72 | $5.09 | 8% | | | 1% | $130,589 | Pharmaceuticals, Biotechnology & Life Sciences |
| 82 | Jamie Iannone | Ebay (EBAY) | $21.69 | $6.55 | -38% | | | 34% | $135,528 | Retailing |
| 83 | Joseph M. Hogan | Align Technology (ALGN) | $21.59 | $5.68 | 39% | | | 23% | $13,011 | Health Care Equipment & Services |
| 84 | L. Neil Hunn | Roper Technologies (ROP) | $21.53 | $4.00 | 13% | | | 15% | $98,550 | Software & Services |
| 85 | Daniel S. Glaser | Marsh & McLennan (MMC) | $21.52 | $8.50 | 9% | | | 51% | $67,143 | Insurance |
| 86 | David A. Ricks | Eli Lilly (LLY) | $21.51 | $3.98 | -9% | | | 66% | $97,130 | Pharmaceuticals, Biotechnology & Life Sciences |
| 87 | Kevin M. Stein | Transdigm Group (TDG) | $21.48 | $3.00 | -3% | | | 31% | $58,837 | Capital Goods |
| 88 | Charles W. Scharf | Wells Fargo (WFC) | $21.35 | $7.87 | 5% | | | 61% | $73,578 | Banks and monetary |
| 89 | Thomas A. Fanning | Southern (SO) | $21.24 | $4.43 | -5% | | | 16% | $132,450 | Utilities |
| 90 | Marc N. Casper | Thermo Fisher Scientific (TMO) | $21.23 | $7.96 | -20% | | | 44% | $83,666 | Pharmaceuticals, Biotechnology & Life Sciences |
| 91 | James M. Cracchiolo | Ameriprise Financial (AMP) | $21.23 | $7.80 | 2% | | | 58% | $129,010 | Banks and monetary |
| 92 | Michael J. Hennigan | Marathon Petroleum (MPC) | $21.19 | $6.02 | 36% | | | 61% | $148,850 | Energy |
| 93 | David L. Calhoun | Boeing (BA) | $21.09 | $4.78 | 0% | | | -6% | $124,844 | Capital Goods |
| 94 | Greg C. Garland | Phillips 66 (PSX) | $20.95 | $5.83 | -16% | | | 8.6% | $161,584 | Energy |
| 95 | Kurt Sievers | NXP Semiconductors (NXPI) | $20.91 | $4.51 | 9% | | | 45% | $50,138 | Semiconductors & Semiconductor Equipment |
| 96 | E. Scott Santi | Illinois Tool Works (ITW) | $20.79 | $8.76 | 48% | | | 24% | $61,011 | Capital Goods |
| 97 | Wendell P. Weeks | Corning (GLW) | $20.77 | $12.31 | 10% | | | 5.9% | $40,760 | Technology Hardware & Equipment |
| 98 | Enrique J. Lores | HP (HPQ) | $20.73 | $5.64 | 66% | | | 74% | $67,667 | Technology Hardware & Equipment |
| 99 | Michael F F. Neidorff | Centene (CNC) | $20.64 | $5.24 | -17% | | | 37% | $71,217 | Health Care Equipment & Services |
| 100 | Samuel N. Hazen | HCA Healthcare (HCA) | $20.64 | $5.96 | -32% | | | 58% | $56,044 | Health Care Equipment & Services |
| 101 | Adam H. Schechter | Laboratory Corp of America (LH) | $20.55 | $5.08 | 39% | | | 54% | $57,614 | Health Care Equipment & Services |
| 102 | Richard D. Fairbank | Capital One (COF) | $20.46 | $4.55 | 2% | | | 49% | $81,029 | Banks and monetary |
| 103 | Kevin R. Johnson | Starbucks (SBUX) | $20.43 | $5.64 | 39% | | | 31% | $12,935 | Consumer Services |
| 104 | Frank J. Bisignano | Fiserv (FISV) | $20.39 | $4.00 | 67% | | | -8.8% | $70,276 | Software & Services |
| 105 | Hans Vestberg | Verizon (VZ) | $20.34 | $5.33 | 7% |  | | -7.5% | $122,492 | Media and telecom |
| 106 | Michael Hsing | Monolithic Power Systems (MPWR) | $20.25 | $6.47 | 38% | | | 35% | $48,913 | Semiconductors & Semiconductor Equipment |
| 107 | Robert M. Bakish | Paramount Global (PARA) | $20.04 | $19.93 | -49% | | | -17% | $94,580 | Media & Entertainment |
| 108 | Christopher J. Kempczinski | Mcdonald’s (MCD) | $20.03 | $5.67 | 85% | | | 28% | $8,897 | Consumer Services |
| 109 | James M. Foote | CSX (CSX) | $20.01 | $6.75 | 31% | | | 26% | $107,772 | Transportation |
| 110 | John D. Wren | Omnicom Group (OMC) | $19.98 | $11.86 | 79% | | | 22% | $50,612 | Media & Entertainment |
| 111 | Gregory Q. Brown | Motorola Solutions (MSI) | $19.98 | $4.19 | -13% | | | 62% | $82,965 | Technology Hardware & Equipment |
| 112 | Adena T. Friedman | Nasdaq (NDAQ) | $19.97 | $7.05 | 26% | | | 60% | $98,946 | Banks and monetary |
| 113 | Joseph M. Zubretsky | Molina Healthcare (MOH) | $19.96 | $4.88 | 12% | | | 50% | $71,916 | Health Care Equipment & Services |
| 114 | John C. May | Deere (DE) | $19.91 | $9.48 | 28.% | | | 53% | $82,240 | Capital Goods |
| 115 | Kathy J. Warden | Northrop Grumman (NOC) | $19.88 | $5.33 | -4% | | | 29% | $119,721 | Capital Goods |
| 116 | David M. Cordani | Cigna (CI) | $19.87 | $4.20 | 0% | | | 12% | $66,917 | Health Care Equipment & Services |
| 117 | Gregory C. Case | Aon (AON) | $19.87 | $3.94 | -2% | | | 43% | $81,645 | Insurance |
| 118 | Alan D. Schnitzer | Travelers (TRV) | $19.85 | $7.80 | 5% | | | 14% | $109,586 | Insurance |
| 119 | Charles F. Lowrely | Prudential (PRU) | $19.80 | $7.63 | 32% | | | 45% | $114,931 | Insurance |
| 120 | Giovanni Caforio | Bristol Myers Squibb (BMY) | $19.78 | $5.11 | -2% | | | 2.9% | $148,649 | Pharmaceuticals, Biotechnology & Life Sciences |
| 121 | Brian Humphries | Cognizant Technology (CTSH) | $19.69 | $5.32 | 43% | | | 10% | $34,225 | Software & Services |
| 122 | Frank J. Del Rio | Norwegian Cruise Line Holdings (NCLH) | $19.67 | $5.40 | -46% | | | -18% | $19,319 | Consumer Services |
| 123 | Craig Arnold | Eaton (ETN) | $19.37 | $4.19 | 11% | | | 47% | $56,287 | Capital Goods |
| 124 | Gail Okay. Boudreaux | Anthem (ANTM) | $19.35 | $5.58 | 13% | | | 46% | $51,005 | Health Care Equipment & Services |
| 125 | Daniel P. O’Day | Gilead Sciences (GILD) | $19.23 | $5.10 | 1% | | | 30% | $211,687 | Pharmaceuticals, Biotechnology & Life Sciences |
| 126 | Richard Okay. Templeton | Texas Instruments (TXN) | $19.20 | $5.78 | 1% | | | 18% | $69,407 | Semiconductors & Semiconductor Equipment |
| 127 | Andrew Cecere | U.S. Bancorp (USB) | $19.17 | $5.73 | 14.% | | | 24% | $85,166 | Banks and monetary |
| 128 | Richard C. Adkerson | Freeport-Mcmoran (FCX) | $19.11 | $5.34 | 14.% | | | 61% | $77,036 | Materials |
| 129 | Thomas J. Wilson | Allstate (ALL) | $19.07 | $7.66 | -10% | | | 10% | $62,235 | Insurance |
| 130 | Antonio F. Neri | Hewlett Packard Enterprise (HPE) | $19.05 | $5.23 | 41% | | | 75% | $65,944 | Technology Hardware & Equipment |
| 131 | Badrinarayanan Kothandaraman | Enphase Energy (ENPH) | $19.02 | $0.71 | 263% | | | 4.3% | $67,267 | Semiconductors & Semiconductor Equipment |
| 132 | Bhavesh (Bob) Patel | LyondellBasell (LYB) | $19.01 | $5.66 | 22% | | | 5.3% | $106,258 | Materials |
| 133 | Marc R. Bitzer | Whirlpool (WHR) | $18.75 | $5.52 | 10% | | | 33% | $27,128 | Consumer Durables & Apparel |
| 134 | Scott C. Donnelly | Textron (TXT) | $18.58 | $4.88 | 5% | | | 60% | $102,647 | Capital Goods |
| 135 | Ronald S. Nersesian | Keysight Technologies (KEYS) | $18.57 | $3.22 | 22% | | | 72% | $77,082 | Technology Hardware & Equipment |
| 136 | J. Kevin Fletcher | WEC Energy (WEC) | $18.48 | $3.95 | 2% | | | 8.7% | $122,530 | Utilities |
| 137 | Andrew P. Witty | Unitedhealth Group (UNH) | $18.43 | $4.00 | 43% | | | 45% | $61,379 | Health Care Equipment & Services |
| 138 | Anthony G. Capuano | Marriott International (MAR) | $18.39 | $5.93 | 330% | | | 25% | $36,505 | Consumer Services |
| 139 | Ajei S. Gopal | Ansys (ANSS) | $18.26 | $2.80 | 30% | | | 10% | $118,588 | Software & Services |
| 140 | Michael F. Roman | 3M (MMM) | $18.20 | $4.47 | -12% | | | 4.9% | $71,821 | Capital Goods |
| 141 | W. Rodney Mcmullen | Kroger (KR) | $18.17 | $6.00 | -19% | | | 29% | $26,763 | Food & Staples Retailing |
| 142 | Stephane Bancel | Moderna (MRNA) | $18.16 | $2.49 | 41% | | | 143% | $133,074 | Pharmaceuticals, Biotechnology & Life Sciences |
| 143 | James D. Taiclet Jr | Lockheed Martin (LMT) | $18.11 | $5.79 | -22% | | | 3.2% | $110,113 | Capital Goods |
| 144 | Steven J. Kean | Kinder Morgan (KMI) | $18.00 | $0 | 1800025800% | | | 24% | $115,388 | Energy |
| 145 | Brian R. Niccol | Chipotle Mexican Grill (CMG) | $17.88 | $5.59 | -53% | | | 26% | $15,811 | Consumer Services |
| 146 | Marvin R. Ellison | Lowes (LOW) | $17.87 | $6.95 | -23% | | | 44% | $22,697 | Retailing |
| 147 | Mark J. Costa | Eastman Chemical (EMN) | $17.80 | $4.78 | 31% | | | 24% | $92,880 | Materials |
| 148 | Michel P. Vounatsos | Biogen (BIIB) | $17.69 | $2.69 | -5% | | | -2% | $163,551 | Pharmaceuticals, Biotechnology & Life Sciences |
| 149 | Frederic B. Lissalde | BorgWarner (BWA) | $17.59 | $3.76 | 79% | | | 18% | $31,740 | Automobiles & Components |
| 150 | Daniel J. Houston | Principal Financial (PFG) | $17.57 | $7.08 | 13% | | | 51% | $75,348 | Insurance |
| 151 | Arvind Krishna | IBM (IBM) | $17.55 | $4.44 | 3% | | | 17% | $45,197 | Software & Services |
| 152 | William S. Demchak | PNC Financial (PNC) | $17.51 | $5.00 | 10% | | | 38% | $78,333 | Banks and monetary |
| 153 | Philippe Krakowsky | Interpublic Group Of Companies (IPG) | $17.37 | $9.90 | 96% | | | 65% | $59,814 | Media & Entertainment |
| 154 | Rainer M. Blair | Danaher (DHR) | $17.15 | $5.33 | 65% | | | 49% | $66,203 | Pharmaceuticals, Biotechnology & Life Sciences |
| 155 | A. William Stein | Digital Realty Trust (DLR) | $17.14 | $4.58 | 5% | | | 31% | $122,276 | Real Estate |
| 156 | William J. Stromberg | T. Rowe Price (TROW) | $17.13 | $10.25 | 12% | | | 33% | $138,173 | Banks and monetary |
| 157 | David V. Goeckeler | Western Digital (WDC) | $17.09 | $4.60 | -52% | | | 61% | $11,292 | Technology Hardware & Equipment |
| 158 | William L. Meaney | Iron Mountain (IRM) | $17.05 | $4.37 | 39% | | | 88% | $41,600 | Real Estate |
| 159 | Leo P. Denault | Entergy (ETR) | $17.05 | $3.75 | 5% | | | 17% | $135,272 | Utilities |
| 160 | Olivier Le Peuch | Schlumberger (SLB) | $16.80 | $5.32 | 197% | | | 40% | $66,138 | Energy |
| 161 | Kevin Ali | Organon (OGN) | $16.79 | $2.62 | 0% | | | NA | NA | Pharmaceuticals, Biotechnology & Life Sciences |
| 162 | Dennis R. Glass | Lincoln National (LNC) | $16.76 | $5.95 | 17% | | | 40% | $84,240 | Insurance |
| 163 | Rodney C. Sacks | Monster Beverage (MNST) | $16.71 | $3.08 | 7% | | | 3.8% | $69,417 | Food, Beverage & Tobacco |
| 164 | Hilton H. Schlosberg | Monster Beverage (MNST) | $16.69 | $3.08 | 7% | | | 3.8% | $69,417 | Food, Beverage & Tobacco |
| 165 | Michel A. Khalaf | Metlife (MET) | $16.62 | $6.00 | 8% | | | 37% | $76,392 | Insurance |
| 166 | Todd J. Vasos | Dollar General (DG) | $16.62 | $5.89 | 1% | | | 7.7% | $17,773 | Retailing |
| 167 | James A. Lico | Fortive (FTV) | $16.60 | $4.35 | 22% | | | 8.2% | $61,746 | Capital Goods |
| 168 | Bruce D. Broussard | Humana (HUM) | $16.53 | $3.47 | 0% | | | 14% | $64,797 | Health Care Equipment & Services |
| 169 | Lynn J. Good | Duke Energy (DUK) | $16.45 | $4.68 | 13% | | | 19% | $115,895 | Utilities |
| 170 | Kevin A. Lobo | Stryker (SYK) | $16.36 | $3.12 | 23% | | | 10% | $76,715 | Health Care Equipment & Services |
| 171 | Steven J. Demetriou | Jacobs Engineering (J) | $16.28 | $4.71 | 10% | | | 44% | $91,393 | Commercial & Professional Services |
| 172 | Liam Okay. Griffin | Skyworks Solutions (SWKS) | $16.15 | $4.51 | -26% | | | 15% | $17,409 | Semiconductors & Semiconductor Equipment |
| 173 | Ryan R. Marshall | PulteGroup (PHM) | $16.15 | $9.12 | 23% | | | 34% | $136,630 | Consumer Durables & Apparel |
| 174 | Michele G. Buck | Hershey (HSY) | $16.14 | $5.29 | -16% | | | 30% | $36,149 | Food, Beverage & Tobacco |
| 175 | Douglas L. Peterson | S&P Global (SPGI) | $16.14 | $5.62 | 7% | | | 45% | $27,835 | Banks and monetary |
| 176 | Dirk Van De Put | Mondelez (MDLZ) | $16.13 | $4.01 | -4% | | | 16% | $31,024 | Food, Beverage & Tobacco |
| 177 | Michael Miebach | Mastercard (MA) | $16.12 | $3.97 | 19% | | | 1.2% | $128,154 | Software & Services |
| 178 | Thomas A. Bartlett | American Tower (AMT) | $16.11 | $4.08 | 10% | | | 33% | $37,616 | Real Estate |
| 179 | Mark W. Begor | Equifax (EFX) | $16.07 | $5.10 | 17% | | | 53% | $90,330 | Commercial & Professional Services |
| 180 | Michael F. Mahoney | Boston Scientific (BSX) | $16.06 | $3.69 | 17% | | | 18% | $68,891 | Health Care Equipment & Services |
| 181 | Scott D. Sheffield | Pioneer Natural Resources (PXD) | $16.00 | $3.82 | 19% | | | 66% | $166,480 | Energy |
| 182 | Jayshree Ullal | Arista Networks (ANET) | $15.99 | $0.60 | 152% | | | 98% | $190,816 | Technology Hardware & Equipment |
| 183 | Barbara Rentler | Ross Stores (ROST) | $15.99 | $6.07 | -9% | | | -11% | $10,806 | Retailing |
| 184 | Michael R. Mcmullen | Agilent Technologies (A) | $15.97 | $4.43 | 17% | | | 55% | $82,890 | Pharmaceuticals, Biotechnology & Life Sciences |
| 185 | John G. Morikis | Sherwin-Williams (SHW) | $15.84 | $4.65 | 3% | | | 45% | $43,321 | Materials |
| 186 | Christopher Swift | Hartford Financial (HIG) | $15.82 | $5.89 | 34% | | | 44% | $106,940 | Insurance |
| 187 | Richard D. Fain | Royal Caribbean (RCL) | $15.81 | $4.23 | 31% | | | 3% | $14,706 | Consumer Services |
| 188 | Christopher M. Crane | Exelon (EXC) | $15.76 | $3.47 | 4% | | | 41% | $160,633 | Utilities |
| 189 | Daniel P. Amos | Aflac (AFL) | $15.73 | $6.25 | -30% | | | 35% | $65,458 | Insurance |
| 190 | Christopher E. Kubasik | L3Harris Technologies (LHX) | $15.70 | $4.25 | 0% | | | 15% | $110,846 | Capital Goods |
| 191 | George R. Oliver | Johnson Controls (JCI) | $15.67 | $5.79 | 14.% | | | 70% | $43,640 | Capital Goods |
| 192 | Lorenzo Simonelli | Baker Hughes (BKR) | $15.65 | $4.22 | 2% | | | 19% | $69,701 | Energy |
| 193 | N. Thomas Linebarger | Cummins (CMI) | $15.65 | $7.80 | -10% | | | -1.7% | $53,864 | Capital Goods |
| 194 | Jose E. Almeida | Baxter International (BAX) | $15.63 | $3.66 | -1% | | | |