Michael McCallister - 2009 Insurance CEO Compensation
Michael McCallister - Humana (NYSE: HUM)
Total 2009 Compensation: $6,509,452
- Base salary of $1,025,000
- Option awards of $3,393,474
- Non-equity incentive plan compensation worth $1,793,750
- "Other compensation" including use of a corporate aircraft, company matching contributions to the supplemental executive retirement & savings plan, matching contributions to the Humana retirement & savings plan, a matching charitable gift program, life insurance benefits, financial planning assistance and club memberships valued at $297,228
McCallister's $6.5 million compensation package equaled six-tenths of 1 percent of his company's $1.04 billion net income, as reported in the company's 2009 annual report.
His 2009 pay package was $1.3 million more than in 2008, with a performance bonus of nearly $1.8 million accounting for more than the difference. McCallister's option awards and "other compensation"--including a retirement and savings plan and life insurance benefits--each took a slight dip in 2009, while his base salary increased by less than $8,000.
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