CVS Health President and CEO David Joyner earned $21.2 million in total compensation in 2025, according to the company’s annual proxy statement filed April 3.
CVS’ highest-paid executives in 2025:
1. David Joyner, president and CEO
Salary: $1,500,000
Stock awards: $14,499,931
Non-equity incentive plan compensation: $4,695,900
Other compensation: $453,609
Total: $21,214,084
2. Prem Shah, EVP and group president
Salary: $1,100,000
Stock awards: $7,199,920
Option awards: $1,799,993
Non-equity incentive plan compensation: $3,013,000
Other compensation: $266,297
Total: $13,379,210
3. Steve Nelson, EVP and Aetna president
Salary: $1,000,000
Stock awards: $5,799,915
Option awards: $1,449,994
Non-equity incentive plan compensation: $2,988,000
Other compensation: $349,201
Total: $11,587,110
4. Tilak Mandadi, EVP, Ventures and Chief Experience and Technology Officer
Salary: $1,000,000
Stock awards: $5,599,965
Option awards: $1,399,996
Non-equity incentive plan compensation: $2,561,000
Other compensation: $416,755
Total: $10,977,716
5. Brian Newman, EVP and CFO
Salary: $696,970
Stock awards: $5,599,950
Option awards: $1,399,989
Non-equity incentive plan compensation: $1,562,000
Other compensation: $161,599
Total: $9,420,508
6. Thomas Cowhey, Former EVP and CFO
Salary: $420,833
Stock awards: $4,399,978
Option awards: $1,099,995
Other compensation: $791,235
Total: $6,715,138
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
