Premier CEO’s pay falls without IPO-related stock awards
Susan DeVore, the CEO of Charlotte-based health care company Premier Inc., received $6.9 million in total compensation in fiscal 2015, according to a proxy filing Tuesday.
That was down by more than two-thirds from the $24.9 million she made in 2014, when stock awards tied to the company’s initial public offering made her North Carolina’s highest-paid chief executive.
It was the first time a woman topped the Observer’s annual review of CEO pay.
In 2015, DeVore received about $2.6 million in salary, bonus and other compensation, similar to the previous year. But the amount she received in restricted stock and options fell to $4.3 million in 2015 from $22.4 million in the previous year.
DeVore’s 2014 stock and option awards were granted to her immediately before Premier went public in 2013. The awards had a three-year vesting period, with 80 percent tied to stock and company performance, the company has said.
DeVore’s 2015 pay was down from the $7.5 million she made in 2013, according to Tuesday’s filing.
Premier’s $874 million stock offering was the largest for a Charlotte company in at least 35 years. The company has 1,700 employees – about 60 percent of whom are based in Charlotte.
Rick Rothacker: 704-358-5170, @rickrothacker
This story was originally published September 29, 2015 at 6:46 PM with the headline "Premier CEO’s pay falls without IPO-related stock awards."