CVS Health Files 2024 Proxy Statement

Ticker: CVS · Form: DEF 14A · Filed: 2024-04-05T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

Related Tickers: CVS

TL;DR

CVS proxy out - vote on exec pay & board matters.

AI Summary

CVS Health Corporation filed its DEF 14A proxy statement on April 5, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation, board of directors, and other corporate governance matters. Key individuals mentioned include Karen S. Lynch, a member of the board and executive team, and former members like Larry J. Merlo.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions on proposals presented at the annual meeting.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that discloses corporate governance and executive compensation information, not typically indicative of immediate financial risk.

Key Numbers

2023-12-31 — Fiscal Year End (Reporting period for the proxy statement.)
20240405 — Filing Date (Date the DEF 14A was filed with the SEC.)

Key Players & Entities

CVS HEALTH Corp (company) — Filer
Karen S. Lynch (person) — Board Member and Executive
Larry J. Merlo (person) — Former Board Member
0000064803 (company) — Central Index Key

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a proxy statement, is used by companies to solicit proxy votes from shareholders for their annual meeting and to provide detailed information on matters such as executive compensation, board composition, and other corporate governance issues.

Who is identified as a key executive or board member in this filing?

Karen S. Lynch is identified as a member of the board and executive team, with compensation and equity award details provided for the fiscal year 2023.

What is the fiscal year end date for CVS Health Corporation's reporting in this filing?

The fiscal year end date for CVS Health Corporation's reporting in this filing is December 31, 2023.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on April 5, 2024.

Are there any former company names mentioned for CVS Health Corporation?

Yes, former company names mentioned include CVS CAREMARK CORP and CVS CORP, with dates of name changes noted.

From the Filing

0001308179-24-000463.txt : 20240405 0001308179-24-000463.hdr.sgml : 20240405 20240405160658 ACCESSION NUMBER: 0001308179-24-000463 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 203 CONFORMED PERIOD OF REPORT: 20240516 FILED AS OF DATE: 20240405 DATE AS OF CHANGE: 20240405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CVS HEALTH Corp CENTRAL INDEX KEY: 0000064803 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 050494040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-01011 FILM NUMBER: 24826516 BUSINESS ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 BUSINESS PHONE: 4017651500 MAIL ADDRESS: STREET 1: ONE CVS DR. CITY: WOONSOCKET STATE: RI ZIP: 02895 FORMER COMPANY: FORMER CONFORMED NAME: CVS CAREMARK CORP DATE OF NAME CHANGE: 20070509 FORMER COMPANY: FORMER CONFORMED NAME: CVS/CAREMARK CORP DATE OF NAME CHANGE: 20070322 FORMER COMPANY: FORMER CONFORMED NAME: CVS CORP DATE OF NAME CHANGE: 19970128 DEF 14A 1 lcvs2024_def14a.htm CVS HEALTH CORPORATION - DEF 14A Proxy false 0000064803 DEF 14A 0000064803 2023-01-01 2023-12-31 0000064803 cvs:KarenSLynchMember 2023-01-01 2023-12-31 0000064803 cvs:KarenSLynchMember 2022-01-01 2022-12-31 0000064803 2022-01-01 2022-12-31 0000064803 cvs:KarenSLynchMember 2021-02-01 2021-12-31 0000064803 cvs:LarryJMerloMember 2021-01-01 2021-01-31 0000064803 2021-01-01 2021-12-31 0000064803 cvs:LarryJMerloMember 2020-01-01 2020-12-31 0000064803 2020-01-01 2020-12-31 0000064803 2021-02-01 2021-12-31 0000064803 2021-01-01 2021-01-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:ExclusionOfStockAwardsAndOptionAwardsMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:InclusionOfEquityValuesMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:YearEndFairValueOfEquityAwardGrantedDuringYearThatRemainedUnvestedAsOfLastDayOfYearMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:YearOverYearChangeInFairValueOfUnvestedEquityAwardsMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:VestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:FairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:ValueOfDividendsOrOtherEarningsPaidOnStockOrOptionAwardsNotOtherwiseIncludedMember 2023-01-01 2023-12-31 0000064803 ecd:PeoMember cvs:KarenSLynchMember cvs:TotalInclusionOfEquityValuesMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageExclusionOfChangeInPensionValueMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageExclusionOfStockAwardsAndOptionAwardsMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageInclusionOfEquityValuesMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageYearEndFairValueOfEquityAwardsGrantedDuringYearThatRemainedUnvestedAsOfLastDayOfYearForNonPEONeosMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageChangeInFairValueFromLastDayOfPriorYearToLastDayOfYearOfUnvestedEquityAwardsMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageVestingDateFairValueOfEquityAwardsGrantedDuringYearThatVestedDuringYearMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringYearMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMember cvs:AverageFairValueAtLastDayOfPriorYearOfEquityAwardsForfeitedDuringYearMember 2023-01-01 2023-12-31 0000064803 ecd:NonPeoNeoMe