Randall A. Lipps is the Chairman, President, and CEO of Omnicell, a company specializing in automated pharmacy and medication management solutions. He has a Bachelor's degree in Business Administration and has been with Omnicell since its inception in 2000. Under...

Randall A. Lipps is the Chairman, President, and CEO of Omnicell, a company specializing in automated pharmacy and medication management solutions. He has a Bachelor's degree in Business Administration and has been with Omnicell since its inception in 2000. Under his leadership, the company has seen significant growth and innovation, reflecting his commitment to improving healthcare management through technology. In 2023, Lipps earned a total compensation of over $11 million, primarily driven by performance-based cash bonuses, showcasing how Omnicell's success aligns with executive pay. Despite not vesting stock in recent years, his focus has remained on cash compensation tied to the company’s performance metrics like revenue growth and EBITDA. Lipps is also known for a long-term cash incentive plan that encourages organic revenue growth and strategic acquisitions. His strategy at Omnicell has helped it have a future-focused vision, aiming for substantial growth in healthcare technology.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Omnicell CEOs

O

Randall A. Lipps

Founder and Ex-CEO of Omnicell

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

May 1, 1964 - 61 years ago

CEO of Omnicell for

23 years 4 months (Jan 2000 - May 2023)

Previous Experience

Founder of Omnicell Inc. and has held various leadership roles

Rivals

Competitors/colleagues of Randall A. Lipps

W

Eric M. Green

CEO of West Pharmaceutical Services

2023 Compensation

Stock

$0.00

Salary

$1.14M

Bonus

$1.67M

Other

$92.48K

Total Holdings

$39.37M

Holdings

See how much did Randall A. Lipps make over time.

As of 2023, Randall A. Lipps's holdings reflect his strong commitment to Omnicell, where he has concentrated most of his wealth throughout his tenure. Notably, his stock awards have not vested in the past few years, which speaks to his...

As of 2023, Randall A. Lipps's holdings reflect his strong commitment to Omnicell, where he has concentrated most of his wealth throughout his tenure. Notably, his stock awards have not vested in the past few years, which speaks to his focus on performance-based pay instead of traditional equity compensation. He has relied primarily on cash bonuses that are linked to the company’s specific performance metrics, such as organic revenue growth targets and operational efficiencies. These metrics were designed to drive progress at Omnicell, ensuring Lipps earns his bonuses based on tangible achievements rather than mere tenure. His strategy has ensured that as Omnicell progresses, so does his financial recognition, emphasizing a shared journey with the company he leads.

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Total Stock Sold

$58.97M

OMCL

$58.97M

1,567,715 OMCL shares

What if they kept their stock?

If Randall A. Lipps didn't sell their stock, today they would have:
Extra OMCL1,567,715 shares worth $113.39M.
This is 92.28% and $54.42M more than what they got when they sold the stock.

Charitable Transactions

OMCL

90,670 shares

OMCL

Recent Charitable Transactions

OMCL

12,000 shares

OMCL

Aug 16, 2022

Charity

OMCL

15,000 shares

OMCL

Feb 13, 2020

Charity

OMCL

12,500 shares

OMCL

Jun 15, 2019

Charity

OMCL

18,000 shares

OMCL

Jun 15, 2015

Charity

OMCL

33,636 shares

OMCL

Dec 31, 2011

Charity

Insider Trading

See recent insider trades of Randall A. Lipps.

OMCL

377,588 shares

OMCL

Mar 8, 2025

Received

OMCL

107,251 shares

OMCL

Feb 27, 2024

Received

OMCL

$295.04K

OMCL at $73.76/share

Jun 8, 2023

Purchase

OMCL

47,000 shares

OMCL

Jun 1, 2023

Received

OMCL

$127.22K

OMCL at $50.89/share

Dec 1, 2022

Sale

OMCL

$1.44M

OMCL at $111.04/share

Aug 16, 2022

Sale

OMCL

12,000 shares

OMCL

Aug 16, 2022

Charity

OMCL

41,430 shares

OMCL

Mar 14, 2022

Received

OMCL

23,305 shares

OMCL

Feb 16, 2022

Received

OMCL

41,430 shares

OMCL

Feb 9, 2021

Received

Compensation History

See how much did Randall A. Lipps make over time.

In 2023, Randall A. Lipps's total compensation reached $11,022,072, which included a base salary of $813,100. The bulk of his pay came from performance-based cash bonuses, ending up with a bonus worth $985,102, reflecting a range of 54% to 77% of his total incentive target. Interestingly, Lipps did not receive any granted or vested stock units this year, which aligns with Omnicell's pay philosophy emphasizing performance alignment with executive compensation. Instead of stock options, his focus remains on cash compensation that rewards specific achievements tied to the company's financial and operational goals, like non-GAAP EBITDA targets. This structured pay demonstrates paid-for-performance principles actively adopted within Omnicell's executive compensation strategy.

Year

2023

Total Compensation

$1.85M

Salary

$813.10K

Board Justification

The compensation philosophy emphasizes aligning executive pay with company performance and market benchmarks to attract and retain top talent.

Bonus

$985.10K

Board Justification

Performance-based cash bonuses earned for 2023 ranged from 54% to 77% of each NEO’s total incentive target, with Mr. Lipps earning a total cash bonus based on achievement of individual and corporate performance metrics.

Other

$49.00K

Board Justification

Includes a $40,000 annual perquisite allowance for financial counseling and tax planning services, and an allowance for a comprehensive annual physical.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the performance-based stock units (PSUs) did not meet the performance criteria for vesting.

Performance Metrics

Performance metrics included achieving corporate threshold targets based on non-GAAP EBITDA, advanced services revenue, and non-GAAP free cash flow.

Other Omnicell CEOs

Here are other CEOs of Omnicell

Nchacha E. Etta

CEO of Omnicell

June 2023 - Present