CVS Health CEO David Joyner earned $17.8 million in total compensation in 2024.
The company reported compensation data for its six highest-paid executives in its annual proxy report, published April 4.
Mr. Joyner was named CEO of the company in October. He was previously president of CVS Caremark. Karen Lynch, CVS Health’s former CEO, earned $23.4 million in 2024, up from $21.6 million in 2023.
Executive Vice President and Chief People Officer Heidi Capozzi earned a $1.5 million bonus in 2024.
Here’s what CVS Health’s top executives earned in 2024:
Karen Lynch, former president and CEO
Salary: $1,191,781
Stock awards: $14,399,857
Option awards: $3,599,985
Non-equity incentive plan: $2,383,562
Other compensation: $1,856,281
Total: $23,431,466
J. David Joyner, president and CEO
Salary: $1,103,495
Stock awards: $4,499,890
Option awards: $11,999,997
Other compensation: $205,410
Total: $17,808,792
Prem Shah, executive vice president and group president
Salary: $972,917
Stock awards: $4,799,848
Option awards: $7,199,977
Other compensation: $293,113
Total: $13,265,855
Tilak Mandadi, executive vice president ventures, and chief digital, data, analytics and technology officer
Salary: $1,000,000
Stock awards: $8,199,843
Option awards: $1,299,989
Non-equity incentive plan compensation: $583,000
All other compensation: $278,511
Total: $11,361,343
Thomas Cowhey, executive vice president and CFO
Salary: $998,387
Stock awards: $4,799,848
Option awards: $1,199,982
Non-equity incentive plan compensation: $436,000
Change in pension and nonqualified deferred compensation: $1,713
All other compensation: $208,434
Total: $7,644,364
Heidi Capozzi, executive vice president and chief people officer
Salary: $265,625
Bonus: $1,500,000
Stock awards: $4,999,989
All other compensation: $85,134
Total: $6,850,748
