AGILENT TECHNOLOGIES INC
For the period ended Mar 14, 2024. Filed Feb 2, 2024.
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Mar 14, 2024 · Filed Feb 2, 2024
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Contents
Summary Compensation Table
The following table sets forth information regarding compensation earned by our NEOs for fiscal year 2023 and, if applicable, during fiscal years 2021 and 2022. All compensation is disclosed, whether or not such amounts were paid in such year:
| Name and · Salary (2) · Cash Bonus · StockAwards (3)(4) · Stock Options (3)(4) · Non-Equity Incentive Plan Compensation (5) · Change inPension Valueand NonqualifiedDeferredCompensationEarnings (6) · All other Compensation (7) · Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Principal Position | Year (1) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) |
| Michael R. McMullen | 2023 | 1,315,693 | - | 11,329,058 | 2,780,022 | 514,597 | - | 84,040 | 16,023,410 |
| Chief Executive Officer | 2022 | 1,280,000 | - | 10,505,767 | 2,483,374 | 2,296,655 | - | 81,617 | 16,647,413 |
| 2021 | 1,280,000 | - | 9,165,390 | 2,295,015 | 3,149,714 | - | 77,512 | 15,967,631 | |
| Robert McMahon | 2023 | 726,769 | - | 2,999,006 | 735,873 | 259,599 | - | 89,008 | 4,810,255 |
| Senior Vice President, | 2022 | 696,365 | - | 2,626,453 | 620,854 | 717,705 | - | 129,299 | 4,790,676 |
| Chief Financial Officer | 2021 | 663,500 | - | 2,291,271 | 573,766 | 1,007,000 | - | 176,196 | 4,711,733 |
| Padraig McDonnell | 2023 | 606,231 | - | 1,777,128 | 436,092 | 316,363 | - | 137,084 | 3,272,898 |
| Senior Vice President, | 2022 | 571,212 | - | 1,510,466 | 356,972 | 652,997 | - | 70,667 | 3,162,314 |
| President Agilent | 2021 | 495,000 | - | 1,249,771 | 312,968 | 686,716 | - | 499,472 | 3,243,927 |
| Cross Lab Group | |||||||||
| Henrik Ancher-Jensen | 2023 | 673,385 | - | 1,932,568 | 474,246 | 240,040 | - | 14,019 | 3,334,258 |
| Senior Vice President, | 2022 | 604,962 | - | 2,574,662 | 576,196 | 676,693 | - | 23,566 | 4,456,079 |
| President Order Fulfillment | |||||||||
| and Supply Chain | |||||||||
| Sam Raha | 2023 | 631,231 | - | 1,932,568 | 474,246 | 204,361 | - | 41,059 | 3,283,465 |
| Senior Vice President, | 2022 | 596,365 | - | 1,794,581 | 424,255 | 504,375 | - | 39,276 | 3,358,852 |
| President Diagnostics and | 2021 | 563,500 | - | 1,541,332 | 385,985 | 738,536 | - | 33,534 | 3,262,887 |
| Genomics Group | |||||||||
(1)
Compensation is provided only for fiscal years for which each individual qualified as an NEO.
(2)
Mr. McMullen did not receive any pay increases in either fiscal year 2022 or 2021.
(3)
Reflects the aggregate grant date fair values, computed in accordance with Accounting Standards Codification Topic 718, Stock Compensation (“ASC Topic 718”). For more information regarding our application of ASC Topic 718, including the assumptions used in the calculations of these amounts, please refer to Note 4 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended October 31, 2023.
(4)
The expenses listed in these columns include expenses for stock awards and options awarded in accordance with the LTPP and 2018 Stock Plan. For performance-based restricted stock unit awards, the grant date fair value of such awards at the time of grant was based upon the probable outcome at the time of grant. The value of the FY23 performance-based restricted stock unit awards at the grant date, assuming that the highest level of performance conditions are achieved are $17,044,958, $4,512,169, $2,673,673, $2,907,753 and $2,907,753 for Messrs. McMullen, McMahon, McDonnell, Ancher-Jensen and Raha respectively. The amounts reflected in these columns do not represent the actual amounts paid to or realized by the NEOs for these awards.
(5)
Amounts consist of incentive awards earned by the NEOs during the fiscal year under the Performance-Based Compensation Plan for Covered Employees. These amounts represent the final payouts after a 50% reduction for the CEO and a 25% reduction for all other NEOs was applied. See the "Compensation Discussion & Analysis - Fiscal year 2023 Compensation - Short-Term cash incentives" for additional details.
(6)
Amounts represent the net change in pension value for the following company sponsored pension plans: Agilent Technologies, Inc. Deferred Profit-Sharing Plan; Agilent Technologies, Inc. Retirement Plan and the Agilent Technologies, Inc. Supplemental Benefit Retirement Plan.
(7)
The information for the dollar amounts found in the All other Compensation column can be found in the following two tables and accompanying footnotes.
EXECUTIVE COMPENSATION
| NEO | 401(k)EmployerContribution (1) | DeferredCompensationEmployerContributions (2) | TravelExpenses (3) | Relocation(4) | Total |
|---|---|---|---|---|---|
| Mr. McMullen | $19,596 | $59,262 | $5,182 | $0 | $84,040 |
| Mr. McMahon | $19,687 | $23,954 | $1,885 | $43,482 | $89,008 |
| Mr. McDonnell | $13,961 | $16,708 | $742 | $105,673 | $137,084 |
| Mr. Ancher-Jensen | $14,019 | $0 | $0 | $0 | $14,019 |
| Mr. Raha | $20,777 | $18,208 | $2,074 | $0 | $41,059 |
(1)
Amounts reflect company contributions to the Agilent Technologies, Inc. 401(k) Plan in fiscal year 2023.
(2)
Amounts reflect company contributions to the Agilent Technologies Deferred Compensation Plan in fiscal year 2023.
(3)
Amounts reflect imputed income expenses for the use of our drivers and vehicles for personal travel, including spouses and family; and expenses related to spousal travel to our annual President's Club meeting to recognize the highest performing salespeople in the company.
(4)
Our relocation program is available to all employees, including officers, and is designed to facilitate employee relocations that support our business priorities. Our relocation program does not provide any payments for loss on the sale of a home or special tax gross-ups. Messrs. McMahon and McDonnell relocated to the Bay Area from Massachusetts and Delaware, respectively. To facilitate these moves, they participated in our relocation program. For fiscal year 2023, relocation costs for Mr. McMahon were $43,482. Those expenses consisted of tax preparation and advice assistance and mortgage subsidies provided by the company under our relocation policy, with the payments being spread out over a four-year period. See table below for current and future mortgage subsidies. Relocation costs for Mr. McDonnell were $105,673 and consisted of tax preparation and advice assistance, temporary living quarters and shipment of household goods.
| Mortgage Subsidies | ||||
|---|---|---|---|---|
| Fiscal Year 2023 | Fiscal Year 2024 | Fiscal Year 2025 | Fiscal Year 2026 | |
| Paid | Projected | Projected | Projected | |
| Amount | Amount | Amount | Amount | |
| Name | ($) | ($) | ($) | ($) |
| Michael R. McMullen (1) | N/A | N/A | N/A | N/A |
| Robert McMahon (2) | 24,888 | 12,963 | N/A | N/A |
| Padraig McDonnell (3) | N/A | N/A | N/A | N/A |
| Henrik Ancher-Jensen (3) | N/A | N/A | N/A | N/A |
| Sam Raha (3) | N/A | N/A | N/A | N/A |
(1)
Mr. McMullen is no longer eligible to receive any mortgage subsidy payments.
(2)
The total four-year mortgage subsidy for Mr. McMahon is $158,857.
(3)
Messrs. McDonnell, Ancher-Jensen and Raha are not eligible to receive any mortgage subsidy payments.
EXECUTIVE COMPENSATION
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