How Hemsley was paid
$60.9M 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 | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Stephen HemsleyChief Executive Officer | $596,154 | — | — | $60,000,024 | — | $341,884 | $60,938,062 |
| Wayne DeVeydtChief Financial Officer | $284,615 | $1,200,000 | $8,250,430 | $3,250,045 | $1,500,000 | $97,594 | $14,582,684 |
| Timothy NoelChief Executive Officer, UnitedHealthcare | $981,827 | — | $15,000,506 | $2,000,079 | $1,750,000 | $469,334 | $20,201,746 |
| Patrick Conway, M.D.Chief Executive Officer, Optum | $980,577 | — | $15,000,919 | $2,000,086 | $1,750,000 | $191,028 | $19,922,610 |
| Christopher ZaettaExecutive Vice President Chief Legal Officer and Corporate Secretary | $845,192 | — | $12,250,835 | $1,750,010 | $925,000 | $21,270 | $15,792,307 |
| Andrew WittyFormer Chief Executive Officer | $903,846 | — | $17,250,591 | $5,750,048 | — | $694,887 | $24,599,372 |
| John RexFormer President and Chief Financial Officer | $1,400,000 | — | $11,250,189 | $3,750,088 | — | $8,075,704 | $24,475,981 |
What changed and why
- Stephen Hemsley was appointed CEO on May 12, 2025 following Andrew Witty stepping down.
- $60MStephen Hemsley received a one-time stock option award valued at $60,000,024 upon his appointment.
- 88%The 2025 annual incentive plan resulted in below target payouts ranging from 0 to 88 percent.
- 0%The 2023-2025 performance shares resulted in a 0 percent payout because threshold performance was not met.
- 8xThe CEO stock ownership requirement was increased from 8x to 10x base salary.
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.