Walmart CEO earns $20.83M in fiscal 2022

Doug McMillon, Walmart president and chief executive officer, speaks during the Walmart shareholders meeting at Bud Walton Arena in Fayetteville in this June 2, 2017 file photo. (NWA Democrat-Gazette file photo)
Doug McMillon, Walmart president and chief executive officer, speaks during the Walmart shareholders meeting at Bud Walton Arena in Fayetteville in this June 2, 2017 file photo. (NWA Democrat-Gazette file photo)

Doug McMillon, Walmart Inc.'s chief executive officer, earned $20.83 million in fiscal 2022, according to the company's annual proxy statement.

The Bentonville-based retailer filed the document Thursday with the Securities and Exchange Commission.

McMillon earned a base salary of $1.28 million, plus $19.2 million in stock awards; and $354,410 in other income. His total compensation was 1,013 times the median pay for a company employee in the fiscal year, according to the proxy statement. This disclosure is required by law.

Brett Biggs, Walmart's chief financial officer, earned $1.38 million. Suresh Kumar, global chief technology officer and chief development officer, earned $14.35 million; John Furner, chief executive of Walmart U.S., earned $12 million; Judith McKenna, CEO of Walmart International, earned $11.15 million; and Kath McLay, CEO of Sam's Club, earned $9.73 million.

The Arkansas Democrat-Gazette follows a formula developed by The Associated Press that reflects amounts identified in proxy statements that are actually paid to executives. It excludes change in pension value and deferred compensation earnings.


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