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The charts on this page feature a breakdown of the total annual pay for the top executives at INSPIRE MEDICAL SYSTEM as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. INSPIRE MEDICAL SYSTEM income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. INSPIRE MEDICAL SYSTEM annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Richard J. Buchholz
Chief Financial Officer
Total Cash $728,155 Equity $2,087,281 Other $9,189 Total Compensation $2,824,625
Timothy P. Herbert
President and Chief Executive Officer
Total Cash $1,545,815 Equity $6,560,328 Other $0 Total Compensation $8,106,143
Randall A. Ban
Chief Commercial Officer
Total Cash $754,163 Equity $2,087,281 Other $10,350 Total Compensation $2,851,794
Bryan K. Phillips
SVP, General Counsel, CCO and Secretary
Total Cash $737,026 Equity $2,087,281 Other $9,744 Total Compensation $2,834,051
Carlton W. Weatherby
Chief Strategy Officer
Total Cash $809,589 Equity $2,087,281 Other $0 Total Compensation $2,896,870
For its 2024 fiscal year, INSPIRE MEDICAL SYSTEM, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Timothy P. Herbert CEO Pay $8,106,143 Median Employee Pay $261,111 CEO Pay Ratio 31:1
For its 2023 fiscal year, INSPIRE MEDICAL SYSTEM, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Casey M. Tansey Total Cash $235,879
Charisse Y. Sparks, M.D. Total Cash $211,348
Cynthia B. Burks Total Cash $235,879
Dana G. Mead, Jr. Total Cash $238,379
Gary L. Ellis Total Cash $243,379
Georgia Garinois-Melenikiotou Total Cash $238,379
Jerry C. Griffin, M.D. Total Cash $235,879
Marilyn Carlson Nelson Total Cash $275,137
Myriam J. Curet, M.D. Total Cash $271,563
Shawn T McCormick Total Cash $248,379
Shelley G. Broader Total Cash $243,379

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.