{"id":8007,"date":"2023-04-05T14:11:00","date_gmt":"2023-04-05T14:11:00","guid":{"rendered":"https:\/\/distilinfo.com\/healthplan\/?p=8007"},"modified":"2023-04-05T14:11:00","modified_gmt":"2023-04-05T14:11:00","slug":"the-top-5-highest-earning-executives-at-molina-healthcare","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/the-top-5-highest-earning-executives-at-molina-healthcare\/","title":{"rendered":"The Top 5 Highest-Earning Executives at Molina Healthcare"},"content":{"rendered":"

Health insurance provider Molina Healthcare has published its top earners’ compensation for 2022. CEO Joseph Zubretsky was the highest-paid, earning $22.1 million in total compensation with his package comprising a base salary of $1.5 million, stock awards of $14.9 million, a non-equity incentive plan worth $5.5 million, and other compensation totaling $81,388. The company’s regulatory filing also revealed four other senior executives in the top five, with packages ranging from $4.7 million to $6.5 million.<\/p><\/blockquote>\n

Molina Healthcare, a health insurance company, has released information regarding its top earners for the year 2022. According to the company’s regulatory filings, the president and CEO, Joseph Zubretsky, was the highest-paid employee with total compensation of $22.1 million. This amount includes a base salary of $1.5 million, stock awards worth $14.9 million, a non-equity incentive plan worth $5.5 million, and other compensation totaling $81,388.<\/p>\n

The second-highest earner was the Chief Financial Officer, Mark Keim, with a total compensation of $6.5 million. Keim received a base salary of $850,000, stock awards worth $3.75 million, a non-equity incentive plan worth $1.57 million, and other compensation worth $302,429.<\/p>\n

James Woys, the Executive Vice President of Health Plan Services, earned a total compensation of $5.6 million, making him the third-highest earner. Woys received a base salary of $800,000, stock awards worth $3.25 million, a non-equity incentive plan worth $1.48 million, and other compensation worth $53,986.<\/p>\n

Marc Russo, the Executive Vice President of Health Plans, was the fourth-highest earner with a total compensation of $4.8 million. Russo received a base salary of $700,000, stock awards worth $2.75 million, a non-equity incentive plan worth $1.29 million, and other compensation worth $17,457.<\/p>\n

The fifth-highest earner was the Chief Legal Officer, Jeff Barlow, with a total compensation of $4.7 million. Barlow received a base salary of $685,000, stock awards worth $2.75 million, a non-equity incentive plan worth $1.26 million, and other compensation worth $47,349.<\/p>\n

It is worth noticing that the compensation packages of these top earners are largely made up of stock awards and non-equity incentive plans. This is a common trend among high-ranking executives in many industries. Stock awards are often used as a way to align the interests of executives with those of the company’s shareholders. Non-equity incentive plans are typically tied to the achievement of specific performance goals, such as revenue growth or cost savings.<\/p>\n

While the compensation packages of Molina Healthcare’s top earners may seem high, it is important to consider the context of the healthcare industry. Health insurance companies, in particular, operate in a highly regulated and competitive market, where the success of the business is heavily influenced by factors outside of the company’s control, such as changes to government policy or fluctuations in healthcare costs. Additionally, executives at companies like Molina Healthcare are responsible for managing complex organizations that provide critical services to millions of people across the country. As such, the compensation packages for these executives reflect the significant responsibility and accountability that come with their positions.<\/p>\n

It is also worth noting that the disclosure of executive compensation is mandated by the Securities and Exchange Commission (SEC) as a means of ensuring transparency and accountability for shareholders. Companies are required to disclose the total compensation of their top executives in their annual proxy statement, as well as provide details on the various components of their compensation packages.<\/p>\n

In conclusion, Molina Healthcare’s regulatory filings provide insight into the compensation packages of the company’s top earners for the year 2022. While the amounts may seem high, they are largely composed of stock awards and non-equity incentive plans, which are common components of executive compensation packages. Additionally, the healthcare industry is highly regulated and competitive, and executives are responsible for managing complex organizations that provide critical services to millions of people. The disclosure of executive compensation is mandated by the SEC and is an important means of ensuring transparency and accountability for shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

Health insurance provider Molina Healthcare has published its top earners’ compensation for 2022. CEO Joseph Zubretsky was the highest-paid, earning… Continue Reading <\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":8008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-8007","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-distilinfo-originals","8":"entry"},"_links":{"self":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/8007"}],"collection":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/comments?post=8007"}],"version-history":[{"count":3,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/8007\/revisions"}],"predecessor-version":[{"id":8012,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/8007\/revisions\/8012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media\/8008"}],"wp:attachment":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media?parent=8007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/categories?post=8007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/tags?post=8007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}