LifePoint’s compensation committee increased Mr. Murphy’s annual base salary to $525,000, a 15.5 percent increase from his 2012 salary. In addition, LifePoint granted him 35,000 nonqualified stock options with an exercise price of $45.41. Mr. Murphy also received 15,000 restricted shares, which will only vest if he stays with LifePoint for the next three years and meets financial benchmarks.
In 2012, Mr. Murphy’s total compensation was $2.27 million. Nearly $1.3 million of that amount was in stock awards and stock options, and he also received more than $521,000 in cash bonuses and incentives.
Mr. Murphy took over for Jeff Sherman, who resigned from LifePoint for an undisclosed job that is closer to his family in Dallas.
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