Sundar PichaiSundar Pichai earned $164M in 2023

Andrew Toy is the current CEO of Clover Health Investments, having taken the role in January 2023 after serving as President since 2019. Prior to Clover, he held a key position at Google, where he worked on the Google Cloud...

Quick Links
C

Andrew Toy

Ex-CEO of Clover Health Investments

Sector of Economy

Healthcare

CEO of Clover Health Investments for

1 year 7 months (Jan 2020 - Aug 2021)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Andrew Toy

Holdings

See how much did Andrew Toy make over time.

Andrew Toy has shown significant activity in his stock holdings with Clover Health (CLOV). Between August 2022 and December 2024, his insider trades reflected various fluctuations, with peaks reaching as high as $27.35 million in stock value by September 2024....

Insider Trading

See recent insider trades of Andrew Toy.

CLOV

1,910,828 shares

CLOV

Oct 15, 2024

Received

CLOV

9,734,513 shares

CLOV

Jan 1, 2023

Received

CLOV

2,695,072 shares

CLOV

Aug 8, 2022

Received

Compensation History

See how much did Andrew Toy make over time.

In 2021, Andrew Toy earned a total compensation of $541,690 as part of his role as President, comprising a $450,000 salary, a performance-based bonus of $79,200, and $8,490 in other benefits like transportation and 401(k) contributions. His pay is closely tied to Clover's performance metrics, emphasizing a pay-for-performance philosophy. This includes his target cash bonuses linked to the growth of Medicare members and operating efficiency. In 2023, his base salary was reported to increase significantly as he transitioned to CEO, highlighting his growing leadership role within Clover. His focus on aligning executive compensation with shareholder interests reflects a modern approach to corporate leadership, where performance truly dictates earnings.

Year

2021

Total Compensation

$537.69K

Salary

$450.00K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and shareholder interests.

Bonus

$79.20K

Board Justification

The bonus was based on the achievement of specified Company operating goals and individual performance metrics for the fiscal year 2021.

Other

$8.49K

Board Justification

Other compensation includes transportation costs, matching 401(k) contributions, and a gift card.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was reported as vested in 2021.

Performance Metrics

Performance metrics included growth in Medicare Advantage members, growth in Direct Contracting beneficiaries, and normalized medical care ratio.