How Baxter was paid
$13.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Scott H. BaxterPresident, Chief Executive Officer and Chairman of the Board | $1,287,500 | $7,986,319 | $3,462,409 | $467,650 | $13,203,878 |
| Joseph A. AlkireExecutive Vice President, Chief Financial Officer, and Global Head of Operations | $763,135 | $1,347,728 | $1,224,245 | $126,455 | $3,461,563 |
| Jennifer H. BroylesExecutive Vice President, Chief Commercial Officer, and Global Head of Brands | $680,577 | $708,843 | $1,055,617 | $110,129 | $2,555,166 |
| Thomas L. Doerr, Jr.Executive Vice President, Chief Legal Officer & Secretary | $591,375 | $618,983 | $780,750 | $66,251 | $2,057,359 |
| Peter A. KiddExecutive Vice President, Chief Human Resources Officer | $507,707 | $499,234 | $669,716 | $65,460 | $1,742,117 |
| Thomas E. WaldronFormer Executive Vice President, Chief Operating Officer | $675,673 | $6,001,058 | $1,167,916 | $377,019 | $8,221,666 |
What changed and why
- $13.2MScott H. Baxter received total compensation of $13,203,878 in fiscal 2025, representing an increase from $12,586,582 in fiscal 2024.
- Performance-based restricted stock units for the 2025-2027 cycle are tied to revenue, adjusted earnings per share, and relative total shareholder return.
- The CEO to median employee pay ratio was estimated to be 1,244 to 1 based on total annual compensation.
- Thomas E. Waldron stepped down as Chief Operating Officer on September 30, 2025, receiving modification expense on equity and severance.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.