Cencora, Inc. Executive Compensation (FY25)
ABC · Executive and director compensation, fiscal 2023 to 2025
The Cencora, Inc. brief, $1,500
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Data as of October 1, 2026Latest filing (8-K): March 6, 2026
9 filings cited on this page
Method: intel.velarion.ai/methodology
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269 figures on this page: 255 cited to the filing that reported them, 14 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Robert Mauch: $9,253,192 → $18,256,227 (97.3% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Cencora, Inc.'s chief executive and what were they paid?
Robert Mauch, President and Chief Executive Officer, received $18,256,227 in total compensation for fiscal 2025. Compared with the $9,253,192 reported for fiscal 2024, Mauch's total was 97.3% higher.
What was Cencora, Inc.'s say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.2% of votes cast for or against in favor at the meeting held March 5, 2026 for fiscal 2025.
Which companies are in Cencora, Inc.'s peer group?
The disclosed peer group includes Eli Lilly and Company, FedEx Corporation, Humana Inc., Sysco Corporation and Target Corporation, among others.
What is Cencora, Inc.'s chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 198:1, against median employee compensation of $92,438.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Steven Collis Executive Chairman* | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Mauch President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Cleary Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Elizabeth Campbell Executive Vice President and Chief Legal Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Silvana Battaglia Executive Vice President and Chief Human Resources Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Steven Collis Executive Chairman* | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robert Mauch President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Cleary Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Elizabeth Campbell Executive Vice President and Chief Legal Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Silvana Battaglia Executive Vice President and Chief Human Resources Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Robert Mauch President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Steven Collis Executive Chairman* | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Cleary Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Elizabeth Campbell Executive Vice President and Chief Legal Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Silvana Battaglia Executive Vice President and Chief Human Resources Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Elizabeth S. Campbell | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Elizabeth S. Campbell | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James F. Cleary | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| James F. Cleary | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Robert P. Mauch | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Robert P. Mauch | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Silvana Battaglia | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Silvana Battaglia | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Steven H. Collis | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Steven H. Collis | RSU | ◇ | — | — | ◇ | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| James Cleary | Option | ◇ | — | ◇ | 11/13/2026 |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | = | — | — | |
| PSU | ◇ | = | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Silvana Battaglia | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Elizabeth Campbell | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Robert Mauch | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 11/13/2026 | |
| RSU | ◇ | = | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | = | — | — | |
| Steven Collis | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 11/13/2026 | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | = | — | — | |
| PSU | ◇ | = | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Frank K. Clyburn | ◇ | ◇ | — | — | — | — | ◇ |
Redonda G. Miller, M.D | ◇ | ◇ | — | — | — | — | ◇ |
Werner Baumann | ◇ | ◇ | — | — | — | — | ◇ |
D. Mark Durcan Board chair · Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Lauren M. Tyler | ◇ | ◇ | — | — | — | — | ◇ |
Dennis M. Nally | ◇ | ◇ | — | — | — | — | ◇ |
Lorence H. Kim, M.D | ◇ | ◇ | — | — | — | — | ◇ |
Lon R. Greenberg | ◇ | ◇ | — | — | — | — | ◇ |
Lori J. Ryerkerk | ◇ | ◇ | — | — | — | — | ◇ |
Kathleen W. Hyle | ◇ | — | — | — | — | — | ◇ |
Richard W. Gochnauer | ◇ | — | — | — | — | — | ◇ |
Robert P. Mauch, Ellen G. Cooper and Ornella Barra served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Eli Lilly and Company LLY
- FedEx Corporation FDX
- Humana Inc. HUM
- Sysco Corporation SYY
- Target Corporation TGT
- The Cigna Group CI
- The Kroger Co. KR
- United Parcel Service, Inc. UPS
- Viatris Inc. VTRS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | March 5, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | March 6, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | March 12, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | March 9, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | March 10, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | March 11, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | March 5, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | February 28, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
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What this page does not include
Everything above is a fact Cencora, Inc. disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Cencora, Inc. sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
269 figures on this page: 255 cited to the filing that reported them, 14 calculated from figures it prints.
255 cited to the filing
14 calculated from the filing
Documents cited
- 0001140859-26-000014Item 2 - Advisory Vote to Approve the Fiscal 2025 Compensation of the Company’s Named Executive Officers.
- 0001628280-26-003061CEO pay ratio · Director compensation · Executive compensation tables
- 0001104659-25-022205Item 2 - Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers.
- 0001104659-24-035043Item 2 - Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers.
- 0001140859-23-000077Item 3 - Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers.
- 0001140859-22-000011Item 3 - Advisory Vote to Approve the Compensation of the Company's Named Executive Officers.
- 0001140859-21-000015Item 3 - Advisory Vote to Approve the Compensation of the Company's Named Executive Officers.
- 0001140859-20-000013Item 3 - Advisory Vote to Approve the Compensation of the Company's Named Executive Officers.
- 0001140859-19-000010Item 3 - Advisory Vote to Approve the Compensation of the Company's Named Executive Officers.
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Velarion, “Cencora, Inc. executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/ABC (accessed 2026).
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The Cencora, Inc. brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
9 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Cencora, Inc. discloses
The companies named in ABC's own disclosed peer group.
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}