UnitedHealth's former CEO David Wichmann earned $142.2 million in 2021, primarily through previously issued equity awards, according to the Minneapolis Star Tribune.
Mr. Wichmann made $42.1 million in 2020 and $52.1 million in 2019, according to the report. He retired from UnitedHealth in February 2021, making a $393,077 salary during that abbreviated stay.
As part of his contract, Mr. Wichmann was entitled to separation pay that was equal to about two times his previously annual salary and nonequity incentive plan compensation, or $10.8 million, according to the report.
The 458,832 previously issued stock options that Mr. Wichmann exercised were worth $110.4 million, according to the report. He also realized $20.7 million from 45,520 restricted stock awards that vested during 2021.
The Star Tribune said it maintains a compensation database of hundreds of Minnesota public company officials, dating more than 20 years. Mr. Wichmann's package is the largest that has been disclosed over that span.