How Farrell was paid
$14.7M 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 | Other | Total |
|---|---|---|---|---|---|---|
| Michael FarrellChief executive officer | $1,214,150 | $8,775,059 | $2,925,007 | $1,646,743 | $113,584 | $14,674,543 |
| Bobby GhoshalChief commercial officer, Residential Care Software | $651,660 | $2,400,078 | — | $550,001 | $50,716 | $3,652,455 |
| Justin LeongChief product officer | $677,032 | $2,600,037 | — | $552,478 | $81,894 | $3,911,441 |
| Mike RiderGlobal general counsel and secretary | $508,745 | $1,400,005 | — | $311,363 | $69,009 | $2,289,122 |
| Brett SandercockChief financial officer | $498,967 | $2,600,037 | — | $407,171 | $65,835 | $3,572,010 |
What changed and why
- $14.7M$14,674,543 CEO total compensation increased from $14,120,829 in fiscal 2024.
- $8.8M$8,775,059 of CEO stock awards represented the largest compensation component.
- 100%100% of fiscal 2025 performance-based RSUs were earned based on operating profit targets.
- Relative TSR PSUs use three-year performance, while absolute TSR PSUs use four-year performance with potential early earnout.
- $1.6M$1,646,743 was paid under the performance-based cash short-term incentive plan to the CEO.
- $78,354187-to-1 was the estimated CEO-to-median-employee pay ratio, with median compensation of $78,354.
Other Resmed proxy statements
- 2026 proxy statement
Michael Farrell paid $16.2M (+10% on the year), pay ratio 199:1.
Filed Oct 01, 2026
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.