Michel Lagarde compensation by year
THERMO FISHER SCIENTIFIC Summary Compensation Table · all 7 fiscal years held| Component | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Salary | $782,329 | $908,197 | $959,153 | $1,068,630 | $1,099,210 | $1,132,299 | $1,166,433 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $2,423,534 | $2,740,226 | $3,195,811 | $2,856,932 | $3,025,589 | $3,818,809 | $3,572,991 |
| Option awards | $1,297,706 | $3,199,592 | $3,541,191 | $1,910,056 | $2,004,706 | $5,642,596 | $2,563,605 |
| Non-equity incentive | $1,375,000 | $2,543,750 | $2,057,386 | $2,020,353 | $912,674 | $2,047,650 | $1,396,920 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $127,292 | $35,486 | $230,365 | $207,552 | $206,712 | $136,963 | $207,225 |
| Total | $6,005,861 | $9,427,251 | $9,983,906 | $8,063,523 | $7,248,891 | $12,778,317 | $8,907,174 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: THERMO FISHER SCIENTIFIC INC. DEF 14A filed April 7, 2026, accession 0001193125-26-144585, and prior-year filings. Open the filing on EDGAR.
How this page was built: the THERMO FISHER SCIENTIFIC INC. filed document, accession 0001193125-26-144585. Every figure is read from that document and cited to the page and table it appears in. Filed April 7, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 4,945 | $2,865,380 | — |
| RSU | 4,461 | $2,584,926 | — |
| RSU | 1,896 | $1,098,637 | — |
| RSU | 1,364 | $790,370 | — |
| RSU | 542 | $314,062 | — |
| Option | 9,138 | — | $309.63 |
| Option | 11,682 | — | $458.81 |
| Option | 22,870 | — | $418.32 |
| Option | 2,250 | — | $294.02 |
Per the Outstanding Equity Awards at Fiscal Year-End table in THERMO FISHER SCIENTIFIC INC.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments THERMO FISHER SCIENTIFIC discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Involuntary termination without cause | $5,321,415 | $0 | — | $5,321,415 |
| Death | $0 | $8,305,608 | — | $8,305,608 |
| Retirement | $0 | $0 | — | $0 |
| Change in control and involuntary termination | $7,909,599 | $8,305,608 | — | $16,215,207 |
| Disability | $0 | $8,305,608 | — | $8,305,608 |
Per the Potential Payments Upon Termination or Change in Control table in THERMO FISHER SCIENTIFIC INC.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
THERMO FISHER SCIENTIFIC’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Marc Casper | Chairman, President and Chief Executive Officer | $79,923,350 |
| Michel Lagarde · this page | Executive Vice President and Chief Operating Officer | $8,907,174 |
| Gianluca Pettiti | Executive Vice President | $8,080,467 |
| Stephen Williamson | Senior Vice President and Chief Financial Officer | $6,781,012 |
| Frederick Lowery | Executive Vice President | $6,575,821 |
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How this record is built
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