Fiscal year 2024 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.
Each company listed discloses WBA 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 WBA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Ginger Graham | $0 | $2,500,000 | $0 | $0 | $0 | $0 | $0 | $2,500,000 |
| Former Interim Chief Executive Officer | ||||||||
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.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Ginger Graham | $2,500,000 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Mahajan | RSU | 89,771 | — | $1,411,544 |
| Barra | RSU | 359,085 | — | 954,339 |
| Mahajan | RSU | 59,847 | — | 1,411,544 |
| Barra | RSU | 538,628 | — | 3,058,375 |
The CLP Committee seeks to design an executive compensation program that incentivizes performance, while attracting and retaining an accomplished executive team by rewarding them for actions that support the creation of sustainable stockholder value.
| CEO STI target (% of salary) | 200% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Mercer |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-01-30 | 494,137,555 | 49,908,008 | 3,039,793 | 90.32% | Passed |
| 2024 | 2024-01-25 | 518,519,997 | 77,745,201 | 3,868,821 | 86.4% | Passed |
| 2023 | 2023-01-26 | 555,423,218 | 73,571,554 | 3,954,616 | 87.75% | Passed |
| 2022 | 2022-01-27 | 390,156,161 | 240,018,027 | 4,438,721 | 61.48% | Passed |
| 2021 | 2021-01-28 | 299,571,604 | 330,495,572 | 4,665,002 | 47.2% | Failed |
| 2020 | 2020-01-30 | 559,590,843 | 109,572,606 | 6,846,624 | 82.78% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-01-30 | 90.32%a |
| 2024 | 2024-01-25 | 86.4%b |
| 2023 | 2023-01-26 | 87.75%c |
a. Approved under the standard stated in the filing — “If you elect to abstain, the abstention will have the same effect as an "AGAINST" vote on Proposal 2.”.
b. Approved under the standard stated in the filing — “If you elect to abstain, the abstention will have the same effect as an "AGAINST" vote on Proposal 3.”.
c. Approved under the standard stated in the filing — “If you elect to abstain, the abstention will have the same effect as an "AGAINST" vote on Proposal 2.”.
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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Nancy M. SchlichtingIndependent · Compensation and Leadership Performance (Chair) · Audit | $270,000 | $199,987 | $0 | — | $0 | $469,987 |
| Janice M. BabiakIndependent · Audit (Chair) · Finance and Technology | 125,000 | 200,000 | 0 | — | 107,500 | 432,500 |
| Ginger L. GrahamIndependent · Lead Independent Director · Compensation and Leadership Performance | 188,571 | 166,667 | 0 | — | 0 | 355,238 |
| John A. LedererIndependent · Compensation and Leadership Performance | 120,000 | 200,000 | 0 | — | 0 | 320,000 |
| Valerie B. JarrettIndependent · Audit · Compensation and Leadership Performance | 100,000 | 200,000 | 0 | — | 0 | 300,000 |
| Inderpal S. BhandariIndependent · Audit · Finance and Technology · Nominating and Governance | 100,000 | 200,000 | 0 | — | 0 | 300,000 |
| Bryan C. HansonIndependent · Compensation and Leadership Performance | 100,000 | 199,987 | 0 | — | 0 | 299,987 |
| Dominic P. MurphyIndependent · Finance and Technology · Not standing for re-election · Departed during FY | 66,906 | 200,000 | 0 | — | 0 | 266,906 |
| Thomas E. PolenIndependent · Finance and Technology | 100,000 | 49,988 | 0 | — | 0 | 149,988 |
| Robert L. HuffinesIndependent · Finance and Technology · Newly elected | 59,890 | 0 | 0 | — | 0 | 59,890 |
| Timothy C. WentworthEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| William H. Shrank, M.DIndependent · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Stefano PessinaEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| William H. ShrankIndependent · Audit · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $200,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 20,000 |
| Stock ownership guideline | Lesser of 20,000 shares or shares valued at 3x total annual cash and equity compensation; 5-year accumulation period |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $1,230,367 |
| Equity awards (grant-date value) | $1,616,629 |
| All other compensation | $107,500 |
| Total cost of the board | $2,954,496 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Walgreens Boots Alliance | 2024 | Ginger Graham | $0 | $0 | $0 | $0 | $2,500,000 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Ginger Graham | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Executive Compensation Tables and Supporting Information” · page 73. As printed: 2,500,000. Filing ↗machine: t333 · r24 · c18 · span 2342384–2342393 |
| 2 | Section 08, Nancy M. Schlichting | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 469,987. Filing ↗machine: t216 · r15 · c8 · span 1474609–1474616 |
| 3 | Section 08, Janice M. Babiak | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 432,500. Filing ↗machine: t216 · r6 · c8 · span 1448775–1448782 |
| 4 | Section 08, Ginger L. Graham | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 355,238. Filing ↗machine: t216 · r8 · c8 · span 1454471–1454478 |
| 5 | Section 08, John A. Lederer | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 320,000. Filing ↗machine: t216 · r12 · c8 · span 1465953–1465960 |
| 6 | Section 08, Valerie B. Jarrett | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t216 · r11 · c8 · span 1463108–1463115 |
| 7 | Section 08, Inderpal S. Bhandari | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 300,000. Filing ↗machine: t216 · r7 · c8 · span 1451625–1451632 |
| 8 | Section 08, Bryan C. Hanson | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 299,987. Filing ↗machine: t216 · r9 · c8 · span 1457316–1457323 |
| 9 | Section 08, Dominic P. Murphy | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 266,906. Filing ↗machine: t216 · r13 · c8 · span 1468897–1468904 |
| 10 | Section 08, Thomas E. Polen | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 149,988. Filing ↗machine: t216 · r14 · c8 · span 1471741–1471748 |
| 11 | Section 08, Robert L. Huffines | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 59,890. Filing ↗machine: t216 · r10 · c2 · span 1458369–1458375 |
| 12 | Section 08, Timothy C. Wentworth | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 08, William H. Shrank, M.D | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 08, Stefano Pessina | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, William H. Shrank | DEF 14A | 2024-12-13 | 0001558370-24-016214 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 06, 2025 vote | Form 8-K | 2025-02-05 | 0001193125-25-020848 | Item 5.07 · say-on-pay result. As reported: 90.32% (votes for as printed: 494,137,555). Filing ↗ |
| 17 | Section 06, 2024 vote | Form 8-K | 2024-01-31 | 0001193125-24-021052 | Item 5.07 · say-on-pay result. As reported: 86.4% (votes for as printed: 518,519,997). Filing ↗ |
| 18 | Section 06, 2023 vote | Form 8-K | 2023-01-31 | 0001193125-23-020487 | Item 5.07 · say-on-pay result. As reported: 87.75% (votes for as printed: 555,423,218). Filing ↗ |
| 19 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,230,367 + equity 1,616,629 + all other 107,500 = 2,954,496, summed across the director compensation table rows.machine: formula: Σ = 2,954,496 |
| 20 | Walgreens Boots Alliance (subject), Section 10b CEO total | DEF 14A | 2024-12-13 | 0001558370-24-016214 | CEO total compensation as printed in Walgreens Boots Alliance's own proxy. As printed: 2,500,000. Filing ↗machine: t333 · r24 · c18 · span 2342384–2342393 |