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Stock impact report

Newly-minted CVS Health CFO inks $1M salary [Yahoo! Finance]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: Yahoo! Finance
Healthcare company CVS Health tapped UPS alum Brian Newman to serve as its CFO effective May 12, granting the newly-minted finance chief a $1 million base salary, according to a securities filing. As finance chief, Newman will also be eligible to receive an annual target cash bonus opportunity of 150% of his base salary, as well as a target annual equity award valued at $7 million — comprised of 60% performance stock units, 20% restricted stock units and 20% stock options for calendar year 2025, according to the filing. Newman's appointment is the latest leadership shift by the Woonsocket, Rhode Island-based healthcare company, coming as CVS Health looks to execute on a turnaround strategy after inking a deal with an activist investor last year in the face of financial challenges. As well as appointing a new CFO, CVS Health also named Amy Compton-Phillips to the role of executive vice president and chief medical officer , effective May 19, according to a Tuesday press release. Show less Read more
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