Michael McCallister - 2009 Insurance CEO Compensation

Michael McCallister - Humana (NYSE: HUM)

Total 2009 Compensation: $6,509,452

Compensation breakdown:

  • Base salary of $1,025,000
  • Option awards of $3,393,474
  • Non-equity incentive plan compensation worth $1,793,750
  • "Other compensation" including use of a corporate aircraft, company matching contributions to the supplemental executive retirement & savings plan, matching contributions to the Humana retirement & savings plan, a matching charitable gift program, life insurance benefits, financial planning assistance and club memberships valued at $297,228

The skinny:

McCallister's $6.5 million compensation package equaled six-tenths of 1 percent of his company's $1.04 billion net income, as reported in the company's 2009 annual report

His 2009 pay package was $1.3 million more than in 2008, with a performance bonus of nearly $1.8 million accounting for more than the difference. McCallister's option awards and "other compensation"--including a retirement and savings plan and life insurance benefits--each took a slight dip in 2009, while his base salary increased by less than $8,000. 

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