Aetna paid CEO $18.8M in 2017 following 45% annual increase in share price

Aetna CEO Mark Bertolini earned $18.8 million in compensation last year when excluding a large sum of options and stock awards, according to an annual proxy statement filed with the Securities and Exchange Commission.

Here are three things to know about Mr. Bertolini's compensation.

1. Mr. Bertolini's base salary was $1.2 million in 2017. Aetna reported its CEO had an annual total compensation of $18.8 million. Compared to a median employee's average annual salary, $79,720, Aetna determined Mr. Bertolini's pay ratio to a median employee's was about 235 to 1.

2. However, when including exercised options and stock of $40.6 million and $14.3 million, respectively; a cash bonus of about $2.1 million; and almost $500,000 toward using the company's private jet and retirement, Mr. Bertolini's compensation neared $59 million in 2017.

3. According to Aetna's proxy statement, the company grew its stock price 45 percent from $124.01 on Dec. 30, 2016, to $180.39 on Dec. 29, 2017. The results may be the last full-year numbers for Aetna as a standalone insurer, as the company eyes a $69 billion deal with CVS Health.

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