In 2022, Michael Neidorff earned $7.62M in total compensation at Centene, including $546.92K salary and $1.50M bonus. Most recently acquired 230,720 shares in Dec 2021. Currently holds stock worth $268.91M. Has donated $59.90M in stock to charitable causes. Led Centene as CEO for 16 years.
Compensation History
Annual executive compensation data for Michael Neidorff, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$7.62M
Salary
$546.92K
Bonus
$1.50M
Other
$5.58M
Salary
$546.92KBoard Justification
The compensation philosophy emphasizes alignment with performance and shareholder value, with a focus on attracting and retaining top executive talent.
Bonus
$1.50MBoard Justification
Pro-rated bonus of approximately $1.5 million in accordance with the death and disability terms of his employment agreement.
Other Compensation
$5.58MBoard Justification
Includes death benefit payment of $5.4 million representing unpaid long-term incentive compensation to which his estate became entitled pursuant to his employment agreement.
Restricted Stock
Board Justification
No stock was vested in 2022 as all stock awards were distributed to his estate following his death.
Performance Metrics
Performance metrics included Adjusted Diluted EPS and individual performance goals.
Michael Neidorff
Ex-CEO of Centene
Education
Not specified
Field of Expertise
Healthcare & Life Sciences - Healthcare
Sector of Economy
Healthcare
Born
December 30, 1953 - 71 years ago
CEO of Centene for
16 years 10 months (May 2005 - Mar 2022)
Previous Experience
Chairman and CEO of Centene Corporation since 2005
Other Centene CEOs
Holdings
Track Michael Neidorff's stock holdings and portfolio value over time.
Total Stock Sold
$89.18M
$89.18M
2,020,518 CNC shares
What if they kept their stock?
If Michael Neidorff didn't sell their stock, today they would have:
Extra CNC2,020,518 shares worth $78.50M.
This is -11.98% and $10.68M less than what they got when they sold the stock.
Charitable Transactions
1,541,869 shares
CNC
Recent Charitable Transactions
123,057 shares
CNC
Dec 31, 2021
Charity
39,485 shares
CNC
Nov 1, 2021
Charity
95,298 shares
CNC
Apr 5, 2021
Charity
45,000 shares
CNC
Dec 31, 2020
Charity
101,555 shares
CNC
Dec 10, 2020
Charity
85,000 shares
CNC
Apr 30, 2020
Charity
Insider Trading
Michael Neidorff's recent stock transactions, purchases, and sales filed with the SEC.
123,057 shares
CNC
Dec 31, 2021
Charity
$17.10M
CNC at $74.13/share
Dec 15, 2021
Received
$3.99M
CNC at $79.74/share
Nov 1, 2021
Sale
39,485 shares
CNC
Nov 1, 2021
Charity
$1.40M
CNC at $70.09/share
Apr 5, 2021
Sale
95,298 shares
CNC
Apr 5, 2021
Charity
45,000 shares
CNC
Dec 31, 2020
Charity
$19.46M
CNC at $55.08/share
Dec 15, 2020
Received
101,555 shares
CNC
Dec 10, 2020
Charity
101,555 shares
CNC
Dec 10, 2020
Charity
Rivals
Compare Michael Neidorff with competitor CEOs and industry peers.
Joseph M. Zubretsky
CEO of Molina Healthcare
2023 Compensation
Stock
$1.15M
Salary
$1.10M
Bonus
$2.04M
Other
$87.75K
Total Holdings
$556.20M
David S. Chernow
CEO of Select Medical Holdings
2023 Compensation
Stock
$5.88M
Salary
$995.00K
Bonus
$1.89M
Other
$340.77K
Total Holdings
$34.96M
Gail K. Boudreaux
CEO of Elevance Health
2023 Compensation
Stock
$0.00
Salary
$1.60M
Bonus
$3.65M
Other
$840.96K
Total Holdings
$23.73K