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UnitedHealth Group Executive Compensation (FY25)

UNH · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Stephen Hemsley
Median of the other named officers
$20,062,178
6 officers, excluding the chief executive
Latest say-on-pay support
=
June 1, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): June 5, 2026
8 filings cited on this page
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379 figures on this page: 375 cited to the filing that reported them, 4 calculated from figures it prints. See the citations

More on UnitedHealth Group

Five data products on this company. Each one is requested through the developer setup page.
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 of record: Andrew Witty → Stephen Hemsley
Say-on-pay support: 60.0% → 82.5% (22.5 points higher)
CEO pay ratio: 348:1 → 748:1 (114.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is UnitedHealth Group's chief executive and what were they paid?
Stephen Hemsley, Chief Executive Officer, received $60,938,062 in total compensation for fiscal 2025.
What was UnitedHealth Group's say-on-pay result?
The say-on-pay proposal drew 82.5% of votes cast including abstentions in favor at the meeting held June 1, 2026 for fiscal 2025.
Which companies are in UnitedHealth Group's peer group?
The disclosed peer group names Alphabet Inc., Amazon.com, Inc., Apple Inc., Bank of America Corporation and Cardinal Health, Inc., among others.
What is UnitedHealth Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 748:1, against median employee compensation of $81,474.

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
Andrew Witty
Chief Executive Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Witty
Chief Executive Officer
◇—◇◇◇—◇◇
Dirk McMahon
President & COO
◇—◇◇◇—◇◇
John Rex
President and Chief Financial Officer
◇—◇◇◇—◇◇
Brian Thompson
Former Executive Vice President and Chief Executive Officer, UnitedHealthcare
◇—◇◇◇—◇◇
Rupert Bondy
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Witty
Chief Executive Officer
◇—◇◇◇—◇◇
John Rex
President and Chief Financial Officer
◇—◇◇◇—◇◇
Heather Cianfrocco
Executive Vice President and Chief Executive Officer, Optum
◇—◇◇◇—◇◇
Brian Thompson
Former Executive Vice President and Chief Executive Officer, UnitedHealthcare
Departed during or after this year
◇—◇◇——◇◇
Christopher Zaetta
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Erin McSweeney
Executive Vice President and Chief People Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Hemsley
Chief Executive Officer
◇——◇——◇◇
Andrew Witty
Former Chief Executive Officer
Departed during or after this year
◇—◇◇——◇◇
John Rex
Former President and Chief Financial Officer
Departed during or after this year
◇—◇◇——◇◇
Timothy Noel
Chief Executive Officer, UnitedHealthcare
◇—◇◇◇—◇◇
Patrick Conway
Chief Executive Officer, Optum
◇—◇◇◇—◇◇
Christopher Zaetta
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇◇◇—◇◇
Wayne DeVeydt
Chief Financial 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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew WittyPSU◇◇◇———◇
Andrew WittyOPTION◇——◇—◇◇
Andrew WittyRSU◇——◇——◇
Christopher ZaettaOPTION◇——◇—◇◇
Christopher ZaettaPSU◇◇◇———◇
Christopher ZaettaPSU◇◇◇———◇
Christopher ZaettaRSU◇——◇——◇
John RexPSU◇◇◇———◇
John RexOPTION◇——◇—◇◇
John RexRSU◇——◇——◇
Patrick ConwayPSU◇◇◇———◇
Patrick ConwayPSU◇◇◇———◇
Patrick ConwayPSU◇◇◇———◇
Patrick ConwayOPTION◇——◇—◇◇
Patrick ConwayRSU◇——◇——◇
Patrick ConwayOPTION◇——◇—◇◇
Patrick ConwayRSU◇——◇——◇
Stephen HemsleyOPTION◇——◇—◇◇
Timothy NoelPSU◇◇◇———◇
Timothy NoelPSU◇◇◇———◇
Timothy NoelRSU◇——◇——◇
Timothy NoelOPTION◇——◇—◇◇
Wayne DeVeydtPSU◇◇◇———◇
Wayne DeVeydtOPTION◇——◇—◇◇
Wayne DeVeydtRSU◇——◇——◇
Fiscal 2023, 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Andrew WittyRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/23/2023
Option◇—◇2/21/2024
Christopher ZaettaPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/20/2025
Option◇—◇6/3/2024
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇6/3/2024
RSU◇◇——
Timothy NoelRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/21/2024
Option◇—◇2/20/2025
PSU◇◇——
PSU◇◇——
RSU◇◇——
Patrick ConwayOption◇—◇12/22/2025
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/20/2025
Option◇—◇2/20/2025
PSU◇◇——
John RexRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/21/2024
RSU◇◇——
RSU◇◇——
Option◇—◇2/20/2025
Option◇—◇6/3/2024
Wayne DeVeydtPSU◇◇——
RSU◇◇——
Option◇—◇12/22/2025
Stephen HemsleyOption◇—◇5/14/2035
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.
Christopher Zaetta
Executive Vice President, Chief Legal Officer and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Patrick Conway
Chief Executive Officer, Optum · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Timothy Noel
Chief Executive Officer, UnitedHealthcare · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇
Wayne DeVeydt
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance cash amount◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kristen Gil
◇◇———◇◇
Michele Hooper
◇◇———◇◇
F. William McNabb III
Lead independent director
—◇———◇◇
Timothy Flynn
—◇———◇◇
Valerie Montgomery Rice, M.D
—◇———◇◇
John Noseworthy, M.D
—◇———◇◇
Paul Garcia
—◇———◇◇
Charles Baker
—◇———◇◇
Stephen Hemsley
Board chair
—◇———◇◇
Scott Gottlieb, M.D
—◇————◇
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◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alphabet Inc. GOOGL
  • Amazon.com, Inc. AMZN
  • Apple Inc. AAPL
  • Bank of America Corporation BAC
  • Cardinal Health, Inc. CAH
  • Cencora, Inc. COR
  • Centene Corporation CNC
  • Citigroup Inc. C
  • CVS Health Corporation CVS
  • Elevance Health Inc. ELV
  • Humana Inc. HUM
  • International Business Machines IBM
  • Johnson & Johnson JNJ
  • JPMorgan Chase & Co. JPM
  • McKesson Corporation MCK
  • Microsoft Corporation MSFT
  • Pfizer PFE
  • The Cigna Group CI
  • Walmart, Inc. WMT
  • Wells Fargo & Company WFC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 1, 2026=◇◇◇
2024June 2, 2025=◇◇◇
2023June 3, 2024=◇◇◇
2022June 5, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Stephen Hemsley (Chief Executive Officer), FY2025 total compensation $60,938,062 (base salary $596,154) [exec_comp, SEC accession 0001104659-26-046125, filed 2026-04-21]

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What this page does not include

Everything above is a fact UnitedHealth Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where UnitedHealth Group 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.
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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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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
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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.
379 figures on this page: 375 cited to the filing that reported them, 4 calculated from figures it prints.
375 cited to the filing
4 calculated from the filing

Documents cited

  1. 0000731766-26-000138
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-046125
    2025 Director Compensation Table · 2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · CEO Pay Ratio · and 3 more sections
  3. 0000731766-25-000154
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-036829
    2024 Summary Compensation Table*
  5. 0000731766-24-000167
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-050055
    2023 Summary Compensation Table*
  7. 0000731766-23-000044
  8. 0001104659-23-048439
    Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “UnitedHealth Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UNH (accessed 2026).
Short form: data: Velarion

The paid brief for UnitedHealth Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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8 filings cited on this page
Method: intel.velarion.ai/methodology
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers UnitedHealth Group discloses

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

Alphabet Inc.Amazon.com, Inc.Apple Inc.Bank of America CorporationCardinal Health, Inc.Cencora, Inc.Centene CorporationCitigroup Inc.CVS Health CorporationElevance Health Inc.Humana Inc.International Business MachinesJohnson & JohnsonJPMorgan Chase & Co.McKesson CorporationMicrosoft CorporationPfizerThe Cigna GroupWalmart, Inc.Wells Fargo & Company

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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