UnitedHealth Group said on July 31, 2025 that Wayne S. DeVeydt has been appointed its Chief Financial Officer, effective September 2, 2025.

1. 01

   UnitedHealth Group said on July 31, 2025 that Wayne S. DeVeydt has been appointed its Chief Financial Officer, effective September 2, 2025.

2. 02

   The company said John F. Rex, who joined in 2012 and has been Chief Financial Officer since 2016, will become Strategic Advisor to the Chief Executive Officer effective September 2, 2025. It said this is in accordance with his employment contract executed in 2016.

3. 03

   UnitedHealth Group said DeVeydt's employment agreement includes an annual base salary of $1,000,000, an initial target annual bonus of 200% of his annual base salary, and a sign-on bonus of $1,200,000. The company said the sign-on bonus replaces compensation he will be forgoing when joining the company and is subject to clawback if the company terminates him for "cause" or if he resigns without "good reason."

4. 04

   UnitedHealth Group said DeVeydt's annual stock award target has a fair value of $10,000,000, and his pro-rated 2025 annual stock plan award is $3,000,000. The company said there is a separate sign-on stock award with a fair value of $5,000,000, consisting of $2,500,000 in restricted stock units and $2,500,000 in non-qualified stock options, and that the RSUs and NSOs will vest ratably over 4 years.

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Original filing

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