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Stephen H. Rusckowski served as the CEO and President of Quest Diagnostics from May 2012 until November 2022. He took charge during a crucial time for the company, steering it through the pandemic while maintaining a focus on diagnostics. Under...

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Stephen H. Rusckowski

Ex-CEO of Quest Diagnostics

Sector of Economy

Healthcare

Born

July 30, 2024 - 0 years ago

CEO of Quest Diagnostics for

10 years 6 months (Apr 2012 - Nov 2022)

Previous Experience

Unknown

Holdings

See how much did Stephen H. Rusckowski make over time.

Stephen H. Rusckowski demonstrated significant commitment to Quest Diagnostics through his holdings. During 2021 and up to 2022, he saw his stock holdings peak at around $66 million, reflecting investor confidence. His net worth was closely tied to Quest's stock...

Mar 18, 2025

Total Stock Sold

$203.13M

DGX

$203.13M

1,688,257 DGX shares

What if they kept their stock?

If Stephen H. Rusckowski didn't sell their stock, today they would have:
Extra DGX1,688,257 shares worth $186.72M.
This is -8.08% and $16.41M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Stephen H. Rusckowski.

BAX

5,952 shares

BAX

May 7, 2024

Received

BAX

3,049 shares

BAX

Aug 21, 2023

Received

DGX

$12.22M

DGX at $147.86/share

Mar 6, 2023

Received

DGX

20,059 shares

DGX

Feb 23, 2023

Received

DGX

$3.52M

DGX at $141.36/share

May 25, 2022

Sale

DGX

$50.74M

DGX at $141.00/share

May 23, 2022

Sale

DGX

$9.13M

DGX at $130.09/share

Mar 7, 2022

Received

DGX

22,510 shares

DGX

Feb 24, 2022

Received

DGX

$20.99M

DGX at $140.65/share

Jul 28, 2021

Sale

DGX

$5.40M

DGX at $140.02/share

Jul 26, 2021

Sale

Compensation History

See how much did Stephen H. Rusckowski make over time.

In 2022, Stephen H. Rusckowski's total compensation reached over $15 million. His salary alone was around $1.27 million, with no bonuses that year. A notable chunk of his pay came from vested stocks, which accounted for about $8.35 million. This illustrates a compensation structure heavily relying on long-term performance metrics rather than immediate cash bonuses. In 2020, he enjoyed a much higher bonus of $3 million, where he earned a total of $4.39 million, showcasing how compensation can vary year to year based on company performance. His long-term incentive awards often comprised the majority of his package, aligning with Quest’s strategy to motivate high-level executives to focus on sustainable growth rather than short-term gains. Rusckowski's compensation philosophy emphasizes alignment with the company’s performance across financial metrics, which is reflected in his sizable stock options and equity awards over the years. His approach in structuring pay highlights a trend in executive compensation focusing on long-term value creation over immediate rewards.

Year

2022

Total Compensation

$9.95M

Salary

$1.28M

Board Justification

The compensation philosophy is designed to align executive compensation with the Company’s performance, focusing on both financial and non-financial results, and individual performance.

Bonus

$0.00

Board Justification

No bonus was awarded in 2022.

Other

$317.17K

Board Justification

Includes matching contributions under the 401(k) Plan, matching credits under the SDCP, personal ground transportation, use of company aircraft, and executive physical.

Restricted Stock

$8.35M(8.35M RSUs)

Board Justification

The value of the stock awards that vested in 2022, including performance shares and RSUs.

Performance Metrics

Performance metrics include adjusted diluted EPS, base business revenue attainment, medical quality, customer experience, employee engagement, and COVID-19 response.

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