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David P. King was the CEO and Chairman of Labcorp Holdings, a major player in the clinical laboratory industry, from 2009 until 2019. Before that, he held various roles with the company, including Chief Operating Officer and Executive Vice President....

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David P. King

Ex-CEO of Labcorp Holdings

Sector of Economy

Healthcare

Born

July 30, 2024 - 0 years ago

CEO of Labcorp Holdings for

12 years 9 months (Jan 2007 - Oct 2019)

Previous Experience

Unknown

Holdings

See how much did David P. King make over time.

During his time at Labcorp, David P. King had significant stock holdings which reportedly rose from around $57 million in late 2019 to approximately $100 million by late 2021. This increase showcased the market's confidence in Labcorp's direction under his...

Total Stock Sold

$136.37M

LH

$136.36M

1,262,081 LH shares

CAH

$2.20K

30 CAH shares

What if they kept their stock?

If David P. King didn't sell their stock, today they would have:
Extra LH1,262,081 shares worth $211.10M and CAH30 shares worth $1.50K.
This is 54.8% and $74.73M more than what they got when they sold the stock.

Charitable Transactions

LH

195,939 shares

LH

Recent Charitable Transactions

LH

2,084 shares

LH

Aug 13, 2018

Charity

LH

57,413 shares

LH

Dec 31, 2017

Charity

LH

1,650 shares

LH

Aug 2, 2017

Charity

LH

31,601 shares

LH

Nov 14, 2016

Charity

LH

57,884 shares

LH

Dec 31, 2012

Charity

LH

43,758 shares

LH

Jul 2, 2012

Charity

Insider Trading

See recent insider trades of David P. King.

LH

$5.00M

LH at $160.00/share

May 5, 2020

Sale

LH

54,995 shares

LH

Mar 30, 2020

Received

LH

$4.99M

LH at $165.23/share

Oct 28, 2019

Sale

LH

92,417 shares

LH

Apr 1, 2019

Received

LH

2,084 shares

LH

Aug 13, 2018

Charity

LH

$8.78M

LH at $175.70/share

May 23, 2018

Sale

LH

$8.30M

LH at $166.16/share

Apr 23, 2018

Sale

LH

73,449 shares

LH

Mar 29, 2018

Received

LH

$8.24M

LH at $164.97/share

Mar 23, 2018

Sale

CAH

2,623 shares

CAH

Nov 8, 2017

Received

Compensation History

See how much did David P. King make over time.

David P. King’s compensation during his leadership at Labcorp was largely performance-based. In 2019, he earned a total of about $2.44 million, composed of a $1.2 million salary and a significant bonus based on hitting company targets. His pay structure was designed to tie his earnings to Labcorp's performance, aligning him with shareholder interests. Throughout his CEO years, compensation fluctuated; for example, in 2017, his total compensation exceeded $11 million, showing spikes in performance pay depending on company success. This strategy kept him motivated to focus on solid results for Labcorp and its stakeholders.

Year

2019

Total Compensation

$2.44M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes performance-based compensation to align executive pay with company performance and shareholder returns.

Bonus

$1.24M

Board Justification

Mr. King received a MIB payout at 103 percent of target for the 2019 fiscal year, reflecting his full 2019 MIB Plan opportunity.

Other

$0.00

Board Justification

No additional compensation details provided for 2019.

Restricted Stock

$0.00(0 RSU)

Board Justification

No specific vested stock information provided for 2019.

Performance Metrics

The performance metrics for 2019 included consolidated revenues and consolidated adjusted operating income.