CEO Salary & Executive Compensation
Medtronic MDT
CEO: Geoff Martha · Medical Devices · 95,000 employees
Geoff Martha, CEO of Medtronic (MDT), earned $12.0M in total compensation in 2025. Medtronic receives a Pay-for-Performance grade of B (69/100), with a CEO-to-worker pay ratio of 133:1 and a say-on-pay shareholder approval of 96.3%. The company's 3-year total shareholder return is +9.0%.
How Medtronic CEO Pay Compares
Geoff Martha's $12.0M total compensation is 0% below the Medical Devices industry median of $12.0M. The 133:1 CEO-to-worker pay ratio is 20% higher than the industry average of 111:1. Shareholders broadly support this compensation, with 96.3% approval.
Geoff Martha, CEO of Medtronic (MDT), received $12.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio runs 133x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Three-year performance has been roughly flat — TSR of 9.0% alongside 3.6% revenue growth. Flat performance over a multi-year window is where pay-versus-performance debates get the most heated: large compensation packages without commensurate shareholder returns are the modal complaint at annual meetings.
Shareholders ratified the compensation package overwhelmingly: 96% of votes cast supported the company's pay practices at the most recent annual meeting. Say-on-pay support above 95% is typical for well-aligned compensation programs without obvious controversy. Medtronic operates in Medical Devices with 95,000 employees and $32.4B in annual revenue, and currently carries a market capitalization of $110.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Medtronic (MDT).
Compensation Breakdown
Geoff Martha's $12.0M total compensation package for fiscal year 2025 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2024 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2023 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2022 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Geoff Martha, CEO of Medtronic (MDT), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Geoff Martha, CEO of Medtronic (MDT), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Medtronic has a Pay-for-Performance Score of B (69/100). The company's 3-year total shareholder return is +9.0%, and the say-on-pay shareholder vote passed with 96.3% approval.
The CEO-to-median-worker pay ratio at Medtronic is 133:1. The median worker at Medtronic earns $90K per year, while CEO Geoff Martha earns $12.0M in total compensation.
Medtronic employs approximately 95,000 people. The company operates in the Medical Devices industry within the Healthcare sector, generating $32.4B in annual revenue.