How Lamba was paid
$21.8M 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 | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Sanjiv LambaChief Executive Officer | $1,575,000 | $11,680,804 | $4,938,908 | $3,197,250 | $198,000 | $187,908 | $21,777,870 |
| Matthew J. WhiteExecutive Vice President & Chief Financial Officer | $944,750 | $5,007,108 | $2,116,738 | $1,386,326 | $173,000 | $42,238 | $9,670,160 |
| Guillermo BicharaExecutive Vice President & Chief Legal Officer | $830,250 | $2,960,304 | $1,251,523 | $1,006,429 | $126,000 | $57,428 | $6,231,934 |
| Sean F. DurbinChief Operating Officer | $789,000 | $2,845,953 | $1,203,235 | $1,058,167 | $112,000 | $67,059 | $6,075,414 |
| Benjamin W. GlazerSenior Vice President, Americas | $625,000 | $1,952,919 | $825,214 | $769,998 | $90,000 | $100,498 | $4,363,629 |
| David P. StraussFormer Executive Vice President & Chief Human Resources Officer | $722,256 | $2,345,152 | $991,517 | $875,310 | $290,000 | $26,979 | $5,251,214 |
What changed and why
- $21.8MSanjiv Lamba received total compensation of $21,777,870 in fiscal 2025, representing an increase from the prior year.
- $34.0BSales grew 3% to $34.0 billion, while operating margins expanded to 29.8% in 2025.
- 94.1%Shareholders strongly supported the executive compensation program with 94.1% approval at the 2025 annual meeting.
- 189%The 2023-2025 performance stock units paid out at 189% based on adjusted return on capital performance.
- Sanjiv Lamba was appointed Chairman of the Board effective January 31, 2026, while continuing as CEO.
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.