UnitedHealth Group CEO’s Compensation Was $66.13 Million Last Year

UnitedHealth Group CEO Stephen J. Hemsley received $66.13 million in compensation last year, according to a preliminary proxy statement filed Monday with the U.S. Securities and Exchange Commission.

In 2013, he received $28.14 million.

Hemsley’s 2014 compensation comprises $1.3 million in salary; $3.95 million in non-equity incentive-plan compensation; $107,479 in “other compensation”; $45.57 million in value realized on exercising option awards; and $15.2 million in value realized on stock awards vesting.

The Courant calculates compensation as the sum of salary, bonuses, value gained on the exercise of stock options and the vesting of stock awards, plus other forms of direct pay.

Separately last year, Hemsley was issued $9.5 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

The filing included compensation for other UnitedHealth Group executives:

— Chief Financial Officer and President David S. Wichmann received $14.3 million, not including $7.5 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.

— Larry C. Renfro, CEO of the Optum subsidiary, received $21.8 million, not including $7.5 million in stock-and-option awards.

— Chief Legal Officer Marianne D. Short was compensated $2.96 million, not including $4 million in stock-and-option awards.

— Chief Accounting Officer Eric S. Rangen received $3.73 million, not including $1 million in stock-and-option awards.

— Former CEO of the UnitedHealthcare subsidiary, Gail K. Boudreaux, was compensated $14.46 million, not including $7.5 million in stock-and-option awards.

UnitedHealth Group is based in Minnetonka, Minn., and employs about 4,200 people in Connecticut at offices for UnitedHealthcare, Optum, OptumInsight and OptumHealth in Hartford, Rocky Hill, Trumbull and Windsor.