MedTech & Diagnostics
Edwards Lifesciences Executive Compensation (FY25)
EW · Irvine, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Bernard Zovighian | Median of the other named officers $4,695,742 5 officers, excluding the chief executive | Latest say-on-pay support = May 7, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 22, 2026Latest filing (8-K): May 8, 2026
12 filings cited on this page
Method: intel.velarion.ai/methodology
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Velarion Member, one year
433 figures on this page: 424 cited to the filing that reported them, 9 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 — Bernard Zovighian: $14,579,474 → $17,454,255 (19.7% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Edwards Lifesciences' chief executive and what were they paid?
Bernard Zovighian was paid $17,454,255 in total compensation as Chief Executive Officer and Director for fiscal 2025. Zovighian's total moved 19.7% higher from the $14,579,474 reported for fiscal 2024.
What was Edwards Lifesciences' say-on-pay result?
The say-on-pay proposal drew 89.3% support at the meeting held May 7, 2026 for fiscal 2025.
Which companies are in Edwards Lifesciences' peer group?
The disclosed peer group includes Abbott Laboratories, Agilent Technologies, Inc., Align Technology, Inc., Baxter International Inc. and Becton, Dickinson and Company, among others.
What is Edwards Lifesciences' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 194:1, against median employee compensation of $89,827.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Mussallem Chairman of the Board and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Jean-Luc Lemercier Corporate Vice President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Scott Ullem Corporate Vice President, Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Larry Wood Corporate Vice President, Transcatheter Heart Valves | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Bernard Zovighian Corporate Vice President | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Bernard Zovighian Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Scott Ullem Corporate Vice President, Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Larry Wood Corporate Vice President, Transcatheter Heart Valves | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Bernard Zovighian Chief Executive Officer and Director | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Catherine Szyman Former Corporate Vice President, Critical Care Departed during or after this year | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Ullem Corporate Vice President, Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Larry Wood Corporate Vice President and Group President, Transcatheter Aortic Valve Replacement and Surgical Structural Heart | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Jean-Luc Lemercier Former Corporate Vice President, EMEACLA Departed during or after this year | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Donald Bobo Corporate Vice President, Strategy & Corporate Development | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Daveen Chopra Corporate Vice President, Transcatheter Mitral and Tricuspid Therapies | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Bernard Zovighian Chief Executive Officer and Director | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Scott Ullem Corporate Vice President, Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Larry Wood Former Corporate Vice President and Group President, Transcatheter Aortic Valve Replacement and Surgical Structural Heart Departed during or after this year | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Daveen Chopra Corporate Vice President, Transcatheter Mitral and Tricuspid Therapies | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Donald Bobo Corporate Vice President, Strategy & Corporate Development | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Annette Brüls Corporate Vice President, EMEACLA | ◇ | — | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
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 |
|---|---|---|---|---|---|---|---|---|
| Annette Brüls | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Annette Brüls | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Annette Brüls | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Bernard Zovighian | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Bernard Zovighian | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Bernard Zovighian | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Daveen Chopra | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Daveen Chopra | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Daveen Chopra | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Daveen Chopra | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Donald Bobo | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Donald Bobo | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Donald Bobo | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Larry Wood | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Larry Wood | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Larry Wood | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Scott Ullem | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Scott Ullem | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Scott Ullem | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2022, 2024 are included in the PDF.
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 |
|---|---|---|---|---|---|
| Annette Brüls | RSU | ◇ | = | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 07/10/2031 | |
| Option | ◇ | — | ◇ | 05/07/2032 | |
| Bernard Zovighian | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 05/06/2031 | |
| Option | ◇ | — | ◇ | 05/02/2029 | |
| Option | ◇ | — | ◇ | 05/10/2030 | |
| Option | ◇ | — | ◇ | 05/07/2032 | |
| Scott Ullem | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 05/02/2029 | |
| Option | ◇ | — | ◇ | 05/10/2030 | |
| Option | ◇ | — | ◇ | 05/06/2031 | |
| Option | ◇ | — | ◇ | 05/07/2032 | |
| Daveen Chopra | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 05/02/2029 | |
| Option | ◇ | — | ◇ | 05/10/2030 | |
| Option | ◇ | — | ◇ | 05/06/2031 | |
| Option | ◇ | — | ◇ | 05/07/2032 | |
| Donald Bobo | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 05/07/2032 | |
| Option | ◇ | — | ◇ | 05/10/2030 | |
| Option | ◇ | — | ◇ | 05/06/2031 | |
| Larry Wood | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Bernard Zovighian
Chief Executive Officer and Director · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
Daveen Chopra
Corporate Vice President, Transcatheter Mitral and Tricuspid Therapies · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Donald Bobo
Corporate Vice President, Strategy & Corporate Development · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Severance cash amount | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
Larry Wood
Former Corporate Vice President and Group President, Transcatheter Aortic Valve Replacement and Surgical Structural Heart · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Scott Ullem
Corporate Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
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 |
|---|---|---|---|---|---|---|---|
Mr. Valeriani | ◇ | ◇ | — | — | — | — | ◇ |
Nicholas J. Valeriani Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Leslie S. Heisz | ◇ | ◇ | — | — | — | — | ◇ |
Ms. Heisz | ◇ | ◇ | — | — | — | — | ◇ |
Mr. LaViolette | ◇ | ◇ | — | — | — | — | ◇ |
Paul A. LaViolette | ◇ | ◇ | — | — | — | — | ◇ |
Mr. Gallahue | ◇ | ◇ | — | — | — | — | ◇ |
Kieran T. Gallahue | ◇ | ◇ | — | — | — | — | ◇ |
Ms. Sequeira | ◇ | ◇ | — | — | — | — | ◇ |
David T. Feinberg | ◇ | ◇ | — | — | — | — | ◇ |
Ramona Sequeira | ◇ | ◇ | — | — | — | — | ◇ |
Dr. Feinberg | ◇ | ◇ | — | — | — | — | ◇ |
Steven R. Loranger | ◇ | ◇ | — | — | — | — | ◇ |
Mr. Loranger | ◇ | ◇ | — | — | — | — | ◇ |
Ms. Davis | ◇ | ◇ | — | — | — | — | ◇ |
Leslie C. Davis | ◇ | ◇ | — | — | — | — | ◇ |
Bernard Zovighian 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.
Earlier years are included in the PDF.
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 | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Abbott Laboratories ABT
- Agilent Technologies, Inc. A
- Align Technology, Inc. ALGN
- Baxter International Inc. BAX
- Becton, Dickinson and Company BDX
- Boston Scientific Corporation BSX
- DexCom, Inc. DXCM
- GE Healthcare Technologies Inc. GEHC
- Hologic, Inc. HOLX
- IDEXX Laboratories, Inc. IDXX
- Illumina, Inc. ILMN
- Intuitive Surgical, Inc. ISRG
- Medtronic plc MDT
- ResMed Inc. RMD
- Stryker Corporation SYK
- The Cooper Companies, Inc. COO
- Zimmer Biomet Holdings, Inc. ZBH
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 7, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 8, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 7, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 11, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 3, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 4, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 7, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 8, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- Bernard Zovighian (Chief Executive Officer and Director), FY2025 total compensation $17,454,255 (base salary $1,192,500) [exec_comp, SEC accession 0001099800-26-000015, filed 2026-03-26]What this page does not include
Everything above is a fact Edwards Lifesciences disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Edwards Lifesciences 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.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
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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.
433 figures on this page: 424 cited to the filing that reported them, 9 calculated from figures it prints.
424 cited to the filing
9 calculated from the filing
Documents cited
- 0001099800-26-000028Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001099800-26-000015CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation Table – 2025 · and 3 more sections
- 0001099800-25-000026Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001099800-25-000013Summary Compensation Table - Fiscal Year 2022-2024
- 0001099800-24-000045
- 0001099800-24-000032Summary Compensation Table
- 0001193125-23-144564Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001099800-23-000013NAMED EXECUTIVE OFFICER COMPENSATION · Summary Compensation Table
- 0001193125-22-140622
- 0001193125-21-151848
- 0001193125-20-137597
- 0001193125-19-141632
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Velarion, “Edwards Lifesciences executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/EW (accessed 2026).
Short form: data: Velarion
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12 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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MedTech & Diagnostics rankings
Peers Edwards Lifesciences discloses
The companies named in EW's own disclosed peer group.
Abbott LaboratoriesAgilent Technologies, Inc.Align Technology, Inc.Baxter International Inc.Becton, Dickinson and CompanyBoston Scientific CorporationDexCom, Inc.GE Healthcare Technologies Inc.Hologic, Inc.IDEXX Laboratories, Inc.Illumina, Inc.Intuitive Surgical, Inc.Medtronic plcResMed Inc.Stryker CorporationThe Cooper Companies, Inc.Zimmer Biomet Holdings, Inc.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
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}
}