COOPER COMPANIES INC
For the period ended Mar 19, 2024. Filed Feb 2, 2024.
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Mar 19, 2024 · Filed Feb 2, 2024
Contents
Summary Compensation Table
The table below shows compensation paid during fiscal years 2023, 2022, and 2021 to the individuals who served as our NEOs during the past fiscal year.
| Name and Principal Position | Year | Salary ($) | Bonus (1)($) | StockAwards (2)($) | OptionAwards (2) ($) | Non-Equity Incentive PlanCompensation (1) ($) | Change inPensionValue (3)($) | All OtherCompensation (4)($) | TotalCompensation($) |
|---|---|---|---|---|---|---|---|---|---|
| Albert G. White III | 2023 | $1,054,167 | $— | $5,284,866 | $5,284,986 | $1,838,203 | $12,647 | $16,054 | $13,490,923 |
| President & Chief Executive Officer | 2022 | $925,000 | $— | $4,625,058 | $4,625,156 | $1,544,750 | $— | $16,000 | $11,735,964 |
| 2021 | $925,000 | $375,781 | $4,249,836 | $4,249,824 | $1,127,344 | $51,121 | $16,000 | $10,994,906 | |
| Brian G. Andrews | 2023 | $591,667 | $— | $1,125,050 | $1,124,966 | $612,637 | $1,635 | $16,054 | $3,472,009 |
| Executive Vice President,Chief Financial Officer & Treasurer | 2022 | $541,667 | $— | $924,849 | $925,049 | $506,567 | $— | $16,000 | $2,914,132 |
| 2021 | $500,000 | $113,750 | $824,936 | $824,993 | $341,250 | $39,503 | $16,000 | $2,660,432 | |
| Daniel G. McBride | 2023 | $745,847 | $— | $2,750,123 | $— | $827,592 | $25,932 | $28,624 | $4,378,118 |
| Executive Vice President &Chief Operating Officer | 2022 | $720,886 | $— | $1,250,191 | $1,250,027 | $796,435 | $— | $16,000 | $4,033,539 |
| 2021 | $700,000 | $182,000 | $1,175,170 | $1,174,934 | $546,000 | $59,569 | $16,000 | $3,853,673 | |
| Holly R. Sheffield | 2023 | $570,840 | $— | $1,574,938 | $525,032 | $513,746 | $19,040 | $16,000 | $3,219,596 |
| President, CooperSurgical, Inc. | 2022 | $545,869 | $— | $950,032 | $949,992 | $468,755 | $— | $15,850 | $2,930,497 |
| 2021 | $525,000 | $119,438 | $875,068 | $874,936 | $358,313 | $39,851 | $16,000 | $2,808,605 | |
| Gerard H. Warner III | 2023 | $491,670 | $— | $1,750,078 | $— | $469,436 | $27,288 | $41,657 | $2,780,129 |
| President, CooperVision, Inc. | 2022 | $437,671 | $— | $875,296 | $874,983 | $391,595 | $— | $32,511 | $2,612,056 |
(1)Amounts shown in the “Non-Equity Incentive Plan Compensation” column reflect annual cash incentives earned under the 2023 Incentive Payment Plan. The structure of our Incentive Payment Plan is discussed in more detail below in the narrative discussion following the Grants of Plan Based Awards Table and in our Compensation Discussion and Analysis.
(2)Amounts shown in the “Option Awards” and “Stock Awards” columns reflect the aggregate grant date fair value of stock option, RSUs, and PSUs granted to each Named Executive Officer in accordance with ASC 718, Compensation-Stock Compensation. PSU values are presented at Target achievement. For a discussion of valuation assumptions, see Note 9, Stock Plans, in our Notes to Consolidated Financial Statements included in our 2023 Annual Report. The PSU values as of the grant date, assuming that the highest level of performance is achieved, are:
| Albert G. White III | $10,569,732 |
|---|---|
| Brian G. Andrews | $2,250,100 |
| Daniel G. McBride | $2,750,123 |
| Holly R. Sheffield | $2,099,698 |
| Gerard H. Warner III | $1,750,078 |
These awards are discussed in more detail below in the narrative discussion following the Grants of Plan Based Awards Table and in the Compensation Discussion and Analysis.
(3)Change in value of accumulated pension benefits for the 2023 fiscal year was calculated as the difference between the value of accumulated benefits on October 31, 2023 and the value of accumulated benefits on October 31, 2022. Present value of accumulated benefits at October 31, 2023 are based on a 6.22% discount rate and the Pri-2012 mortality rates with projection scale MP-2021 and the value of accumulated benefits on October 31, 2022 are based on a 5.74% discount rate and the Pri-2012 mortality rates with projection scale MP-2021.
(4)Amounts included in the “All Other Compensation” column for fiscal 2023 represent matching contributions under our 401(k) Plan ($4,000) and annual automobile allowance ($12,000) for each of the NEOs. Amounts for Messrs. McBride and Warner also include travel costs ($12,624 and $25,657 respectively)) for airfare, food, lodging, and other
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