Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-17

Thermo Fisher Scientific (TMO)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$79,923,350
Marc Casper total, FY2025
94th
CEO pay percentile vs peers
1,120:1
CEO-to-median pay ratio
31.78%
Say-on-pay support, latest vote
Companies that benchmark against TMO
25 companies name TMO as a compensation peer

Each company listed discloses TMO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TMO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Marc Casper$1,785,534$0$65,730,211$7,951,377$3,742,123$0$714,105$79,923,350
Chairman, President and Chief Executive Officer
Michel Lagarde1,166,43303,572,9912,563,6051,396,9200207,2258,907,174
Executive Vice President and Chief Operating Officer
Gianluca Pettiti1,031,91803,293,7542,363,4461,184,3320207,0178,080,467
Executive Vice President
Stephen Williamson1,095,17002,456,0331,762,9711,256,9260209,9126,781,012
Senior Vice President and Chief Financial Officer
Frederick Lowery930,35602,623,6831,882,841974,9200164,0216,575,821
Executive Vice President

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Marc Casper$79,923,350$30,449,599$18,976,669+49,473,751
Michel Lagarde8,907,17412,778,3177,248,891−3,871,143
Gianluca Pettiti8,080,46711,340,4245,731,883−3,259,957
Stephen Williamson6,781,01211,087,5816,240,259−4,306,569
Frederick Lowery6,575,8218,529,377−1,953,556

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gianluca PettitiPresident & COO2026-04-27D400$463$185,064CommonForm 4 ↗
Jennifer M. JohnsonDirector2026-05-20A49900CommonForm 4 ↗
Dion J. WeislerDirector2026-05-20D80.2945236,273CommonForm 4 ↗
Scott M. SperlingDirector2026-05-20A49900CommonForm 4 ↗
Tyler JacksDirector2026-05-20A49900CommonForm 4 ↗
Karen S. LynchDirector2026-05-20A49900CommonForm 4 ↗
R. Alexandra KeithDirector2026-05-20A49900CommonForm 4 ↗
C. Martin HarrisDirector2026-05-20A49900CommonForm 4 ↗
Ruby R. ChandyDirector2026-05-20A49900CommonForm 4 ↗
Dion J. WeislerDirector2026-05-20A49900CommonForm 4 ↗
Nelson J. ChaiDirector2026-05-20A49900CommonForm 4 ↗
Debora L. SparDirector2026-05-20A49900CommonForm 4 ↗
Scott M. SperlingDirector2026-06-27A82.84Derivative, Class A CommonForm 4 ↗
Dion J. WeislerDirector2026-06-27A73.1Derivative, Class A CommonForm 4 ↗
Karen S. LynchDirector2026-06-27A60.91Derivative, Class A CommonForm 4 ↗
Jennifer M. JohnsonDirector2026-06-27A60.91Derivative, Class A CommonForm 4 ↗
R. Alexandra KeithDirector2026-06-27A60.91Derivative, Class A CommonForm 4 ↗
Gianluca PettitiPresident & COO2026-07-27D400565226,000CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michel LagardePSU2025-02-19$2,388,642
Marc CasperPSU2025-05-21141,538176,92357,682,397
Stephen WilliamsonRSU2025-02-191,533813,808
Stephen WilliamsonPSU2025-02-191,642,225
Frederick LoweryPSU2025-02-191,754,134
Frederick LoweryOPTION2025-02-1910,0371,882,841
Marc CasperPSU2025-02-198,047,814
Michel LagardeRSU2025-02-192,2311,184,349
Gianluca PettitiRSU2025-02-192,0561,091,448
Marc CasperOPTION2025-02-1942,3877,951,377
Frederick LoweryRSU2025-02-191,638869,549
Gianluca PettitiOPTION2025-02-1912,5992,363,446
Stephen WilliamsonOPTION2025-02-199,3981,762,971
Michel LagardeOPTION2025-02-1913,6662,563,605
Gianluca PettitiPSU2025-02-192,202,306
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michel Lagarde$1,184,349$2,388,642$2,563,60538.9%
Marc Casper065,730,2117,951,37789.2%
Stephen Williamson813,8081,642,2251,762,97138.9%
Frederick Lowery869,5491,754,1341,882,84138.9%
Gianluca Pettiti1,091,4482,202,3062,363,44638.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gianluca PettitiOption14,300418.32
Frederick LoweryOption14,300418.32
Gianluca PettitiOption11,200309.63
Michel LagardeOption9,138309.63
Frederick LoweryRSU3,3621,948,111
Michel LagardeRSU4,9452,865,380
Marc CasperOption54,550309.63
Marc CasperRSU15,8249,169,217
Gianluca PettitiRSU4,1132,383,278
Gianluca PettitiOption12,000458.81
Michel LagardeOption11,682458.81
Michel LagardeRSU1,364790,370
Gianluca PettitiRSU439254,379
Marc CasperRSU141,53882,014,194
Marc CasperRSU15,0308,709,134
Michel LagardeRSU4,4612,584,926
Frederick LoweryRSU3,2761,898,278
Stephen WilliamsonRSU3,0671,777,173
Gianluca PettitiRSU1,7471,012,299
Marc CasperRSU1,499868,596
Frederick LoweryRSU1,392806,594
Stephen WilliamsonRSU1,303755,023
Gianluca PettitiRSU1,255727,210
Stephen WilliamsonRSU1,179683,172
Frederick LoweryRSU928537,730
Michel LagardeRSU542314,062
Stephen WilliamsonRSU454263,070
Stephen WilliamsonOption20,000418.32
Frederick LoweryOption12,675309.63
Stephen WilliamsonOption17,300309.63
Marc CasperOption40,850458.81
Stephen WilliamsonOption12,250458.81
Frederick LoweryRSU387224,247
Michel LagardeOption22,870418.32
Frederick LoweryOption10,980458.81
Marc CasperOption53,730418.32
Gianluca PettitiRSU4,5492,635,918
Frederick LoweryRSU430249,164
Stephen WilliamsonRSU4,2742,476,569
Michel LagardeRSU1,8961,098,637
Michel LagardeOption2,250294.02
05

Incentive-plan design — the Compensation Discussion & Analysis

Performance-based: A substantial portion of executive compensation is at-risk and contingent on the achievement of predetermined performance objectives, which is intended to reward superior performance while holding executives accountable for under-performance. Shareholder-aligned: Incentive programs are structured to align executive rewards with the creation of shareholder value over both the short-term and long-term. Market-competitive: Compensation levels are competitive with those of companies with which we compete for executive talent, which is achieved by positioning target compensation within a competitive range around the market median, with adjustments based on individual performance, experience and enterprise impact.

CEO STI target (% of salary)210%
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2099,928,178214,525,6731,265,52431.78%Failed
20252025-05-21111,099,532201,378,1773,831,66435.55%Failed
20242024-05-22280,838,86635,306,2393,013,22288.83%Passed
20232023-05-24255,371,63268,034,961758,66578.96%Passed
20222022-05-18285,827,07538,248,3311,070,19488.2%Passed
20212021-05-19267,641,58654,679,5691,999,34983.04%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2031.78%a
20252025-05-2135.55%b
20242024-05-2288.83%c

a. Approved under the standard stated in the filing — “What are the voting standards and Board recommendations? Voting Item Board Recommendation Voting Standard Treatment of Abstentions & Broker Non-Votes Election of directors For all nominees Majority of votes cast Not counted as votes cast and therefore no effect Say-on-pay For Auditor ratification For We have a majority voting standard for director elections.”.

b. Approved under the standard stated in the filing — “at are the voting standards and Board recommendations? Voting Item Board Recommendation Voting Standard Treatment of Abstentions & Broker Non-Votes Election of directors For all nominees Majority of votes cast Not counted as votes cast and therefore no effect Say-on-Pay For Auditor ratification For Shareholder proposal Against Majority of shares outstanding We have a majority voting standard for director elections.”.

c. Approved under the standard stated in the filing — “at are the voting standards and Board recommendations? Voting Item Board Recommendation Voting Standard Treatment of Abstentions & Broker Non-Votes Election of directors For all nominees Majority of votes cast Not counted as votes cast and therefore no effect Say-on-Pay For Auditor ratification For Shareholder proposal Against Majority of shares outstanding We have a majority voting standard for director elections.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)1,120 : 1
CEO total compensation$79,923,350
Median employee compensation$71,333
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Scott M. SperlingIndependent · Lead Independent Director · Compensation$168,036$225,028$0$44,664$437,728
Karen S. LynchIndependent · Audit · Compensation · Partial-year service107,599275,460015,341398,400
Nelson J. ChaiIndependent · Audit (Chair) · Nominating and Corporate Governance153,036225,028015,764393,828
Tyler JacksIndependent · Science and Technology (Chair) · Strategy and Finance148,036225,028015,764388,828
Debora L. SparIndependent · Strategy and Finance (Chair)148,036225,028013,764386,828
Dion J. WeislerIndependent · Audit · Compensation (Chair)150,000225,02804,748379,776
C. Martin HarrisIndependent · Nominating and Corporate Governance (Chair) · Science and Technology148,036225,0280764373,828
Jennifer M. JohnsonIndependent · Audit · Nominating and Corporate Governance125,000225,028016,390366,418
Ruby R. ChandyIndependent · Audit125,000225,028015,764365,792
R. Alexandra KeithIndependent · Compensation · Nominating and Corporate Governance125,000225,02802,414352,442
James C. MullenIndependent · Compensation · Strategy and Finance125,000225,0280764350,792
Marc N. CasperEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$225,028
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)30,000 / 25,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,522,779
Equity awards (grant-date value)$2,525,740
All other compensation$146,141
Total cost of the board$4,194,660

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Thermo Fisher Scientific names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Thermo Fisher Scientific.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Broadcom Inc.2025Hock Tan$1,200,000$202,351,080$0$0$205,278,006
2Thermo Fisher Scientific2025Marc Casper1,785,53465,730,2117,951,3773,742,12379,923,350
3Cisco Systems, Inc.2025Charles Robbins1,390,00045,870,69005,117,42452,838,751
4Eli Lilly and Company2025David Ricks1,700,00023,325,00006,485,50036,698,337
5NIKE, Inc.2026Elliott Hill1,500,00028,137,7983,967,1132,220,00036,340,876
6Johnson & Johnson2025Joaquin Duato1,600,00015,028,9485,927,9954,298,70032,758,111
7AbbVie Inc.2025Robert Michael1,700,00013,268,4563,199,1545,200,00032,530,984
8The PNC Financial Services Group, Inc.2025William Demchak1,300,00017,500,18409,200,00029,503,081
9Gilead Sciences Inc.2025Daniel O'Day1,795,19215,238,4024,500,0604,848,12028,437,198
10IQVIA Holdings Inc.2025Ari Bousbib1,800,00015,749,9574,528,3174,966,12728,128,245
11Pfizer, Inc.2025Albert Bourla1,800,0009,442,7058,998,1415,400,00027,585,301
12Amgen Inc.2025Robert Bradway1,925,40912,599,5895,399,9963,907,00024,693,120
13PepsiCo, Inc.2025Ramon Laguarta1,804,61511,550,00805,771,00023,903,545
14Danaher Corp2025Rainer Blair1,400,0009,292,3708,386,6574,194,40023,795,280
15The Boeing Company2025Robert Ortberg1,500,0007,874,8189,624,9593,930,00023,581,389
16Boston Scientific Corp.2025Michael Mahoney1,442,60313,608,0563,749,9804,002,00123,532,050
17Medtronic, plc2026Geoffrey Martha1,399,03913,672,2005,175,5592,307,20022,940,252
18Texas Instruments Inc.2025Haviv Ilan1,295,8339,000,0719,000,017246,98622,669,509
19The Procter & Gamble Co.2025Jon Moeller1,637,50011,519,6456,562,515021,909,816
20Bristol-Myers Squibb2025Christopher Boerner1,586,34616,061,39903,754,68421,879,919
21Stryker Corporation2025Kevin Lobo1,500,00016,684,91702,250,00021,401,495
223M Company2025William Brown1,800,0007,753,8527,001,2423,745,32221,005,009
23Merck & Co, Inc.2025Robert Davis1,645,30212,102,8383,380,0042,326,50020,797,845
24Honeywell International Inc.2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
25Automatic Data Processing, Inc.2025Maria Black1,224,00014,791,04002,621,80019,137,192
26Becton Dickinson and Company2025Thomas Polen1,395,4639,991,8543,311,8611,852,01017,129,140
27CSX Corporation2025Stephen Angel386,3645,385,3425,248,065513,86311,711,612
AstraZeneca plcnot in coverage universe
Merck KGaAnot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Thermo Fisher Scientific99.8%PSU 50 · Options 50Yes — Relative TSRPearl Meyer
3M Company118.9%PSU 50 · Options 50NoFW Cook
AbbVie Inc.not disclosedPSU 40 · RSU 40 · Options 20Yes — Relative TSRSemler Brossy
Amgen Inc.136.0%PSU 50 · Options 30 · RSU 20Yes — relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
AstraZeneca plcnot disclosednot disclosednot disclosednot disclosed
Automatic Data Processing, Inc.107.1%PSU 75 · RSU 25NoFW Cook
Becton Dickinson and Company85%PSU 50 · Options 25 · RSU 25NoSemler Brossy
Boston Scientific Corp.173%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC
Bristol-Myers Squibb157.66%PSU 60 · MSU 40Yes — 3-Year Relative TSR CAGRFarient Advisors LLC
Broadcom Inc.145%PSU 100NoMeridian Compensation Partners
Cisco Systems, Inc.142%PSU 60 · RSU 40Yes — Relative TSRExequity
CSX Corporationnot disclosedPSU 50 · Option 30 · RSU 20not disclosedPay Governance, LLC
Danaher Corpnot disclosedOptions 50 · RSU 50not disclosedFW Cook
Eli Lilly and Company218%PSU 100NoFW Cook
Gilead Sciences Inc.180%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Honeywell International Inc.126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
IQVIA Holdings Inc.not disclosedPSU 75 · Options 25YesMeridian Compensation Partners, LLC
Johnson & Johnsonnot disclosednot disclosednot disclosedSemler Brossy Consulting Group
Medtronic, plc103%PSU 50 · Options 30 · RSU 20NoSemler Brossy
Merck & Co, Inc.94%PSU 60 · RSU 20 · Options 20Yes — Relative Total Shareholder Return (R-TSR)FW Cook
Merck KGaAnot disclosednot disclosednot disclosednot disclosed
NIKE, Inc.74%PSU 50 · Options 25 · RSU 25Yes — Relative TSRNone retained in fiscal 2026 (market data supplemented via Aon, Willis Towers Watson, and Mercer)
PepsiCo, Inc.not disclosednot disclosedYes — Relative TSR PerformanceFW Cook
Pfizer, Inc.150%PSU 50 · MSU 50Yes — relative TSR as compared to the NYSE Arca Pharmaceutical Index (DRG Index or DRG)Meridian Compensation Partners, LLC
Stryker Corporation100%PSU 48 · Options 34NoSemler Brossy
Texas Instruments Inc.not disclosedRSU 50 · Option 50not disclosedPearl Meyer
The Boeing Company131%Options 55 · RSU 45not disclosedFW Cook (Frederic W. Cook & Co., Inc.)
The PNC Financial Services Group, Inc.not disclosednot disclosednot disclosednot disclosed
The Procter & Gamble Co.57%PSU 50Yes — Relative TSR MultiplierMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Marc CasperDEF 14A2026-04-070001193125-26-144585Section “Summary compensation table” · page 51. As printed: 79,923,350. Filing ↗machine: span 973487–973497
2Section 01, Michel LagardeDEF 14A2026-04-070001193125-26-144585Section “Summary compensation table” · page 51. As printed: 8,907,174. Filing ↗machine: span 1013360–1013369
3Section 01, Gianluca PettitiDEF 14A2026-04-070001193125-26-144585Section “Summary compensation table” · page 51. As printed: 8,080,467. Filing ↗machine: span 1032956–1032965
4Section 01, Stephen WilliamsonDEF 14A2026-04-070001193125-26-144585Section “Summary compensation table” · page 51. As printed: 6,781,012. Filing ↗machine: span 993125–993134
5Section 01, Frederick LoweryDEF 14A2026-04-070001193125-26-144585Section “Summary compensation table” · page 51. As printed: 6,575,821. Filing ↗machine: span 1052767–1052776
6Section 03, Michel Lagarde PSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r15 · c58 · span 1203207–1203216
7Section 03, Marc Casper PSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r7 · c58 · span 1147820–1147830
8Section 03, Stephen Williamson RSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r11 · c58 · span 1175354–1175361
9Section 03, Stephen Williamson PSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r10 · c58 · span 1166534–1166543
10Section 03, Frederick Lowery PSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r25 · c58 · span 1276586–1276595
11Section 03, Frederick Lowery OPTIONDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r27 · c58 · span 1294576–1294585
12Section 03, Marc Casper PSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r5 · c58 · span 1129013–1129022
13Section 03, Michel Lagarde RSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r16 · c58 · span 1212002–1212011
14Section 03, Gianluca Pettiti RSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r21 · c58 · span 1248730–1248739
15Section 03, Marc Casper OPTIONDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r6 · c58 · span 1138210–1138219
16Section 03, Frederick Lowery RSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r26 · c58 · span 1285381–1285388
17Section 03, Gianluca Pettiti OPTIONDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r22 · c58 · span 1257952–1257961
18Section 03, Stephen Williamson OPTIONDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r12 · c58 · span 1184573–1184582
19Section 03, Michel Lagarde OPTIONDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r17 · c58 · span 1221199–1221208
20Section 03, Gianluca Pettiti PSUDEF 14A2026-04-070001193125-26-144585Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t293 · r20 · c58 · span 1239910–1239919
21Section 07, pay ratioDEF 14A2026-04-07000119312526144585Section “CEO Pay Ratio”. As printed: 1120 : 1. Filing ↗machine: span 102956–102957
22Section 08, Scott M. SperlingDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 437,728. Filing ↗machine: t195 · r22 · c19 · span 566896–566903
23Section 08, Karen S. LynchDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 398,400. Filing ↗machine: t195 · r16 · c19 · span 557823–557830
24Section 08, Nelson J. ChaiDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 393,828. Filing ↗machine: t195 · r4 · c19 · span 539700–539707
25Section 08, Tyler JacksDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 388,828. Filing ↗machine: t195 · r10 · c19 · span 548705–548712
26Section 08, Debora L. SparDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 386,828. Filing ↗machine: t195 · r20 · c19 · span 563827–563834
27Section 08, Dion J. WeislerDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 379,776. Filing ↗machine: t195 · r24 · c19 · span 569920–569927
28Section 08, C. Martin HarrisDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 373,828. Filing ↗machine: t195 · r8 · c19 · span 545705–545712
29Section 08, Jennifer M. JohnsonDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 366,418. Filing ↗machine: t195 · r12 · c19 · span 551713–551720
30Section 08, Ruby R. ChandyDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 365,792. Filing ↗machine: t195 · r6 · c19 · span 542703–542710
31Section 08, R. Alexandra KeithDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 352,442. Filing ↗machine: t195 · r14 · c19 · span 554719–554726
32Section 08, James C. MullenDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 350,792. Filing ↗machine: t195 · r18 · c19 · span 560824–560831
33Section 08, Marc N. CasperDEF 14A2026-04-070001193125-26-144585Section “Director Compensation”. As printed: 0. Filing ↗
34Section 02, Gianluca Pettiti 2026-04-27Form 42026-04-290000097745-26-000089Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jennifer M. Johnson 2026-05-20Form 42026-05-220000097745-26-000110Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Dion J. Weisler 2026-05-20Form 42026-05-220000097745-26-000116Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Scott M. Sperling 2026-05-20Form 42026-05-220000097745-26-000114Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Tyler Jacks 2026-05-20Form 42026-05-220000097745-26-000109Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Karen S. Lynch 2026-05-20Form 42026-05-220000097745-26-000112Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, R. Alexandra Keith 2026-05-20Form 42026-05-220000097745-26-000111Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, C. Martin Harris 2026-05-20Form 42026-05-220000097745-26-000108Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Ruby R. Chandy 2026-05-20Form 42026-05-220000097745-26-000107Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Dion J. Weisler 2026-05-20Form 42026-05-220000097745-26-000116Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Nelson J. Chai 2026-05-20Form 42026-05-220000097745-26-000106Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Debora L. Spar 2026-05-20Form 42026-05-220000097745-26-000113Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Scott M. Sperling 2026-06-27Form 42026-06-300000097745-26-000136Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Dion J. Weisler 2026-06-27Form 42026-06-300000097745-26-000134Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Karen S. Lynch 2026-06-27Form 42026-06-300000097745-26-000133Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Jennifer M. Johnson 2026-06-27Form 42026-06-300000097745-26-000132Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, R. Alexandra Keith 2026-06-27Form 42026-06-300000097745-26-000135Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Gianluca Pettiti 2026-07-27Form 42026-07-280000097745-26-000140Insider equity transaction reported since the proxy statement. Filing ↗
52Section 06, 2026 voteForm 8-K2026-05-260000097745-26-000117Item 5.07 · say-on-pay result. As reported: 31.78% (votes for as printed: 99,928,178). Filing ↗
53Section 06, 2025 voteForm 8-K2025-05-280000097745-25-000069Item 5.07 · say-on-pay result. As reported: 35.55% (votes for as printed: 111,099,532). Filing ↗
54Section 06, 2024 voteForm 8-K2024-05-240000097745-24-000026Item 5.07 · say-on-pay result. As reported: 88.83% (votes for as printed: 280,838,866). Filing ↗
55Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
56Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
57Section 09b board cost (computed)ComputedcomputedCash 1,522,779 + equity 2,525,740 + all other 146,141 = 4,194,660, summed across the director compensation table rows.machine: formula: Σ = 4,194,660
58Broadcom Inc., Section 10b CEO totalDEF 14A2026-03-020001193125-26-085691CEO total compensation as printed in Broadcom Inc.'s own proxy. As printed: 205,278,006. Filing ↗machine: span 845048–845059
59Thermo Fisher Scientific (subject), Section 10b CEO totalDEF 14A2026-04-070001193125-26-144585CEO total compensation as printed in Thermo Fisher Scientific's own proxy. As printed: 79,923,350. Filing ↗machine: span 973487–973497
60Cisco Systems, Inc., Section 10b CEO totalDEF 14A2025-10-280000858877-25-000150CEO total compensation as printed in Cisco Systems, Inc.'s own proxy. As printed: 52,838,751. Filing ↗machine: r2 · c33 · span 1073719–1073729
61Eli Lilly and Company, Section 10b CEO totalDEF 14A2026-03-200000059478-26-000029CEO total compensation as printed in Eli Lilly and Company's own proxy. As printed: 36,698,337. Filing ↗machine: t92 · r2 · c20 · span 925013–925024
62NIKE, Inc., Section 10b CEO totalDEF 14A2026-07-150000320187-26-000089CEO total compensation as printed in NIKE, Inc.'s own proxy. As printed: 36,340,876. Filing ↗machine: t55 · r2 · c10 · span 647557–647567
63Johnson & Johnson, Section 10b CEO totalDEF 14A2026-03-110000200406-26-000063CEO total compensation as printed in Johnson & Johnson's own proxy. As printed: 32,758,111. Filing ↗machine: r3 · c27 · span 1621235–1621246
64AbbVie Inc., Section 10b CEO totalDEF 14A2026-03-230001104659-26-033387CEO total compensation as printed in AbbVie Inc.'s own proxy. As printed: 32,530,984. Filing ↗machine: t210 · r9 · c26 · span 1414083–1414093
65The PNC Financial Services Group, Inc., Section 10b CEO totalDEF 14A2026-03-110001193125-26-102189CEO total compensation as printed in The PNC Financial Services Group, Inc.'s own proxy. As printed: 29,503,081. Filing ↗machine: t444 · r4 · c39 · span 1847804–1847814
66Gilead Sciences Inc., Section 10b CEO totalDEF 14A2026-03-200001308179-26-000106CEO total compensation as printed in Gilead Sciences Inc.'s own proxy. As printed: 28,437,198. Filing ↗machine: t414 · r1 · c29 · span 989582–989592
67IQVIA Holdings Inc., Section 10b CEO totalDEF 14A2026-02-270001628280-26-012892CEO total compensation as printed in IQVIA Holdings Inc.'s own proxy. As printed: 28,128,245. Filing ↗machine: t232 · r4 · c10 · span 1613956–1613966
68Pfizer, Inc., Section 10b CEO totalDEF 14A2026-03-120000078003-26-000033CEO total compensation as printed in Pfizer, Inc.'s own proxy. As printed: 27,585,301. Filing ↗machine: t242 · r3 · c12 · span 1506825–1506835
69Amgen Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145588CEO total compensation as printed in Amgen Inc.'s own proxy. As printed: 24,693,120. Filing ↗machine: span 1591156–1591166
70PepsiCo, Inc., Section 10b CEO totalDEF 14A2026-03-270001308179-26-000169CEO total compensation as printed in PepsiCo, Inc.'s own proxy. As printed: 23,903,545. Filing ↗machine: r2 · c20 · span 826280–826290
71Danaher Corp, Section 10b CEO totalDEF 14A2026-03-250000313616-26-000101CEO total compensation as printed in Danaher Corp's own proxy. As printed: 23,795,280. Filing ↗machine: t122 · r2 · c21 · span 1070180–1070190
72The Boeing Company, Section 10b CEO totalDEF 14A2026-03-060001193125-26-096787CEO total compensation as printed in The Boeing Company's own proxy. As printed: 23,581,389. Filing ↗machine: r2 · c44 · span 1170571–1170581
73Boston Scientific Corp., Section 10b CEO totalDEF 14A2026-03-180000885725-26-000025CEO total compensation as printed in Boston Scientific Corp.'s own proxy. As printed: 23,532,050. Filing ↗machine: r2 · c27 · span 1249807–1249817
74Medtronic, plc, Section 10b CEO totalDEF 14A2026-08-170001613103-26-000010CEO total compensation as printed in Medtronic, plc's own proxy. As printed: 22,940,252. Filing ↗machine: span 988220–988230
75Texas Instruments Inc., Section 10b CEO totalDEF 14A2026-03-040000097476-26-000078CEO total compensation as printed in Texas Instruments Inc.'s own proxy. As printed: 22,669,509. Filing ↗machine: span 619249–619259
76The Procter & Gamble Co., Section 10b CEO totalDEF 14A2025-08-290001193125-25-191749CEO total compensation as printed in The Procter & Gamble Co.'s own proxy. As printed: 21,909,816. Filing ↗machine: t160 · r6 · c44 · span 892224–892234
77Bristol-Myers Squibb, Section 10b CEO totalDEF 14A2026-03-250000014272-26-000006CEO total compensation as printed in Bristol-Myers Squibb's own proxy. As printed: 21,879,919. Filing ↗machine: t168 · r3 · c15 · span 1302160–1302170
78Stryker Corporation, Section 10b CEO totalDEF 14A2026-03-230000310764-26-000013CEO total compensation as printed in Stryker Corporation's own proxy. As printed: 21,401,495. Filing ↗machine: t101 · r2 · c7 · span 1584979–1584989
793M Company, Section 10b CEO totalDEF 14A2026-03-250000066740-26-000151CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. Filing ↗machine: r2 · c9 · span 2797692–2797702
80Merck & Co, Inc., Section 10b CEO totalDEF 14A2026-04-080001193125-26-147704CEO total compensation as printed in Merck & Co, Inc.'s own proxy. As printed: 20,797,845. Filing ↗machine: span 1371012–1371022
81Honeywell International Inc., Section 10b CEO totalDEF 14A2026-04-100000773840-26-000029CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. Filing ↗machine: span 2093429–2093439
82Automatic Data Processing, Inc., Section 10b CEO totalDEF 14A2025-09-250001308179-25-000607CEO total compensation as printed in Automatic Data Processing, Inc.'s own proxy. As printed: 19,137,192. Filing ↗machine: r2 · c18 · span 1170576–1170587
83Becton Dickinson and Company, Section 10b CEO totalDEF 14A2025-12-180001628280-25-057846CEO total compensation as printed in Becton Dickinson and Company's own proxy. As printed: 17,129,140. Filing ↗machine: r2 · c27 · span 1173285–1173295
84CSX Corporation, Section 10b CEO totalDEF 14A2026-03-300001628280-26-021944CEO total compensation as printed in CSX Corporation's own proxy. As printed: 11,711,612. Filing ↗machine: r2 · c27 · span 1506353–1506363
85Section 10a, Honeywell International Inc. reciprocityDEF 14A0000773840-26-000029Honeywell International Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
86Section 10a, Becton Dickinson and Company reciprocityDEF 14A0001628280-25-057846Becton Dickinson and Company names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, IQVIA Holdings Inc. reciprocityDEF 14A0001628280-26-012892IQVIA Holdings Inc. names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
88Section 10a, Boston Scientific Corp. reciprocityDEF 14A0000885725-26-000025Boston Scientific Corp. names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, The Boeing Company reciprocityDEF 14A0001193125-26-096787The Boeing Company's most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
90Section 10a, NIKE, Inc. reciprocityDEF 14A0000320187-26-000089NIKE, Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
91Section 10a, Cisco Systems, Inc. reciprocityDEF 14A0000858877-25-000150Cisco Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
92Section 10a, Bristol-Myers Squibb reciprocityDEF 14A0000014272-26-000006Bristol-Myers Squibb's most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
93Section 10a, Gilead Sciences Inc. reciprocityDEF 14A0001308179-26-000106Gilead Sciences Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
94Section 10a, Texas Instruments Inc. reciprocityDEF 14A0000097476-26-000078Texas Instruments Inc. names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, Broadcom Inc. reciprocityDEF 14A0001193125-26-085691Broadcom Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
96Section 10a, Danaher Corp reciprocityDEF 14A0000313616-26-000101Danaher Corp names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, Pfizer, Inc. reciprocityDEF 14A0000078003-26-000033Pfizer, Inc. names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, Eli Lilly and Company reciprocityDEF 14A0000059478-26-000029Eli Lilly and Company names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, Johnson & Johnson reciprocityDEF 14A0000200406-26-000063Johnson & Johnson's most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
100Section 10a, Merck & Co, Inc. reciprocityDEF 14A0001193125-26-147704Merck & Co, Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
101Section 10a, Stryker Corporation reciprocityDEF 14A0000310764-26-000013Stryker Corporation names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, AbbVie Inc. reciprocityDEF 14A0001104659-26-033387AbbVie Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
103Section 10a, The Procter & Gamble Co. reciprocityDEF 14A0001193125-25-191749The Procter & Gamble Co. names Thermo Fisher Scientific in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, 3M Company reciprocityDEF 14A0000066740-26-0001513M Company's most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
105Section 10a, Automatic Data Processing, Inc. reciprocityDEF 14A0001308179-25-000607Automatic Data Processing, Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
106Section 10a, CSX Corporation reciprocityDEF 14A0001628280-26-021944CSX Corporation's most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗
107Section 10a, Amgen Inc. reciprocityDEF 14A0001193125-26-145588Amgen Inc.'s most recent proxy was read; its disclosed peer group does not include Thermo Fisher Scientific. Filing ↗