Quest Diagnostics details CEO-Elect James Davis's 2022 compensation: $800K salary, $4.88M LTI

QUEST DIAGNOSTICS INC

Base salary $800,000, target annual bonus 100% of salary, LTI award $4,880,649.
LTI award consists of 50% performance shares (3-yr), 25% stock options, 25% RSUs.
Performance share metrics: base revenue CAGR (35%), COVID-19 revenues (15%), ROIC (30%), relative TSR (20%).
Terms substantially similar to those of other Quest executive officers.

item 5.02 item 9.01

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Appointed

James Davis

Chief Executive Officer–Elect

DGX · QUEST DIAGNOSTICS INC

Effective: 2022-02-24
Filed: March 1, 2022, 6:59 PM ET

port on Form 8-K/A amends the Original Report to provide information about the compensatory arrangements entered into in connection with the appointment of Mr. Davis as Chief Executive Officer–Elect.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Davis was appointed as Chief Executive Officer–Elect at QUEST DIAGNOSTICS INC.

Action: appointed
Role: Chief Executive Officer–Elect

Exact text from the filing

port on Form 8-K/A amends the Original Report to provide information about the compensatory arrangements entered into in connection with the appointment of Mr. Davis as Chief Executive Officer–Elect.

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QUEST DIAGNOSTICS INC filing history →

Source: SEC EDGAR

accession 0001022079-22-000045

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