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Molina Healthcare Executive Compensation (FY25)

MOH · Executive and director compensation, fiscal 2022 to 2025

The Molina Healthcare brief, $1,500

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Data as of September 12, 2026Latest filing (8-K): May 11, 2026
14 filings cited on this page
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Molina Healthcare brief$1,500Get the executive brief
286 figures on this page: 276 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Joseph Zubretsky
Latest say-on-pay support
=
May 6, 2026
Chief executive pay ratio
◇
To the median employee
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 — Joseph Zubretsky: $21,944,109 → $18,340,783 (16.4% lower)
CEO pay ratio: 251:1 → 228:1 (9.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Molina Healthcare's chief executive and what were they paid?
Joseph Zubretsky was paid $18,340,783 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $21,944,109 reported for fiscal 2024, Zubretsky's total was 16.4% lower.
What was Molina Healthcare's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 52.8% of votes cast for or against in favor at the meeting held May 6, 2026.
Which companies are in Molina Healthcare's peer group?
The disclosed peer group includes Aflac Incorporated, Becton, Dickinson and Company, Boston Scientific Corporation, Centene Corporation and Community Health Systems, Inc., among others.
What is Molina Healthcare's chief executive pay ratio?
The company reported a chief executive pay ratio of 228:1 for fiscal 2025, against median employee compensation of $80,329.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Zubretsky
President and Chief Executive Officer
◇—◇—◇—◇◇
Mark Keim
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
James Woys
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Jeff Barlow
Executive Vice President, Chief Legal Officer and Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Zubretsky
President and Chief Executive Officer
◇—◇—◇—◇◇
Mark Keim
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
James Woys
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Jeff Barlow
Executive Vice President, Chief Legal Officer and Secretary
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Zubretsky
President and Chief Executive Officer
◇—◇—◇—◇◇
Mark Keim
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
James Woys
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Denise San Antonio Zeman
Executive Vice President and Chief Growth Officer
◇—◇—◇—◇◇
Jeff Barlow
Executive Vice President, Chief Legal Officer and Secretary
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Zubretsky
President and Chief Executive Officer
◇—◇———◇◇
Mark Keim
Chief Financial Officer
◇—◇———◇◇
James Woys
Chief Operating Officer
◇—◇———◇◇
Jeff Barlow
Chief Legal Officer and Secretary
◇◇◇◇◇◇◇◇
Debra Bacon
Executive Vice President, Medicaid
◇◇◇◇◇◇◇◇
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Debra J. BaconPSU◇◇◇—◇—◇
Debra J. BaconRSU◇——◇——◇
James E. WoysRSU◇——◇——◇
James E. WoysPSU◇◇◇—◇—◇
Jeff D. BarlowPSU◇◇◇—◇—◇
Jeff D. BarlowRSU◇——◇——◇
Joseph M. ZubretskyRSU◇——◇——◇
Joseph M. ZubretskyPSU◇◇◇—◇—◇
Mark L. KeimRSU◇——◇——◇
Mark L. KeimPSU◇◇◇—◇—◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeff BarlowRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Joseph ZubretskyRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Mark KeimPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
James WoysPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Debra BaconPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
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.
Debra Bacon
Executive Vice President, Medicaid · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Joseph Zubretsky
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Non-compete period◇
Non-solicit period◇
Mark Keim
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dale B. Wolf
Board chair
◇◇————◇
Ronna E. Romney
◇◇————◇
Steven J. Orlando
◇◇————◇
Richard M. Schapiro
◇◇————◇
Richard C. Zoretic
◇◇————◇
Barbara L. Brasier
◇◇————◇
Stephen H. Lockhart
◇◇————◇
Leo P. Grohowski
◇◇————◇
Daniel Cooperman
◇◇————◇
Francis S. Soistman and Joseph M. Zubretsky 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◇
Board chair premium◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aflac Incorporated AFL
  • Becton, Dickinson and Company BDX
  • Boston Scientific Corporation BSX
  • Centene Corporation CNC
  • Community Health Systems, Inc. CYH
  • DaVita Inc. DVA
  • Elevance Health, Inc. ELV
  • HCA Healthcare, Inc. HCA
  • Humana, Inc. HUM
  • Laboratory Corporation of America Holdings symbol not shown
  • MetLife, Inc. MET
  • Prudential Financial, Inc. PRU
  • Quest Diagnostics Incorporated DGX
  • Tenet Healthcare Corporation THC
  • The Cigna Group CI
  • Universal Health Services, Inc. UHS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 6, 2026=◇◇◇
2024April 30, 2025=◇◇◇
2023May 1, 2024=◇◇◇
2022May 3, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 8, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 10, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Molina Healthcare disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Molina Healthcare 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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Say-on-pay responsiveness
Molina Healthcare recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser 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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Whether Molina Healthcare's disclosed peer group is defensible, who names Molina Healthcare back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
286 figures on this page: 276 cited to the filing that reported them, 10 calculated from figures it prints.
276 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001179929-26-000026
  2. 0001179929-26-000014
    2025 Grants of Plan-Based Awards Table · 2025 Non-Employee Director Compensation · 2025 Outstanding Equity Awards at Fiscal Year End Table · 2025 Summary Compensation Table · and 3 more sections
  3. 0001179929-25-000075
  4. 0001179929-25-000043
    Summary Compensation Table
  5. 0001179929-24-000091
  6. 0001179929-24-000063
    Summary Compensation Table
  7. 0001179929-23-000072
  8. 0001179929-23-000043
    Summary Compensation Table
  9. 0001179929-22-000082
  10. 0001179929-21-000090
  11. 0001179929-20-000073
  12. 0001179929-19-000091
  13. 0001179929-18-000105
  14. 0001179929-17-000110
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Molina Healthcare executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MOH (accessed 2026).
Short form: data: Velarion

The Molina Healthcare 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.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 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 Molina Healthcare discloses

The companies named in MOH's own disclosed peer group.

Aflac IncorporatedBecton, Dickinson and CompanyBoston Scientific CorporationCentene CorporationCommunity Health Systems, Inc.DaVita Inc.Elevance Health, Inc.HCA Healthcare, Inc.Humana, Inc.MetLife, Inc.Prudential Financial, Inc.Quest Diagnostics IncorporatedTenet Healthcare CorporationThe Cigna GroupUniversal Health Services, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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}
}
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