Benefits & Executive Compensation News

Gilead Lines Up $30.2 Million Pay Package for Incoming CEO O’Day

Dec. 11, 2018, 2:37 PM

Gilead Sciences Inc.’s incoming chief executive officer, Daniel O’Day, will begin with $16 million of annual compensation and receive an additional $14.2 million to replace money he gave up at his prior employer.

O’Day, 54, will get a $1.6 million salary, $2.4 million target bonus and $12 million of equity awards, some of which are tied to performance, Foster City, Calif.-based Gilead said Dec. 10 in a regulatory filing. That’s about equal to the compensation of current CEO John Milligan, 57, who’s stepping down March 1.

O’Day also will receive about $14.2 million in cash and stock that vests over...

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