CEO paywatch: Medtronic's Omar Ishrak

Updated: June 27, 2012 - 9:39 PM

Omar Ishrak's compensation includes a signing bonus of $1,553,042 but does not include the value of time-based and performance based stock awards worth $16,252,865 that were given to him as sign-on and make whole awards when he joined Medtronic last year.

Medtronic CEO Omar Ishrak

Photo: Jeff Wheeler, Star Tribune

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Omar Ishrak, chairman, CEO

Total compensation: $3,805,490 for year ended April 30

Salary: $1,168,269

Bonus: $1,553,042

Non-equity incentive pay: $986,958

Other compensation: $97,221

New stock options: 323,013

Total fiscal 2012 return to shareholders: -6.0 percent

Note: Ishrak's compensation includes a signing bonus of $1,553,042 but does not include the value of time-based and performance-based stock awards worth $16,252,865 that were given to him as sign-on and make whole awards when he joined Medtronic last year. Meanwhile, William Hawkins, who ceased being chairman and CEO effective June 13, 2011, but remained an employee of Medtronic through April 27, 2012, received $10.9 million in total compensation that included severance payments of $3.8 million and $2.95 million from the value of restricted stock that vested during the year.

PATRICK KENNEDY