By Katherine Hamilton


Merck Chief Executive Robert Davis's total compensation fell 10% in 2025, mostly due to lower stock and option awards.

The executive was awarded a total compensation of $20.8 million in 2025, down from $23.2 million the year before, according to a Wednesday filing with the Securities and Exchange Commission.

His stock awards declined by $1 million to $12.1 million, and his option awards fell by $1.3 million to $3.4 million. His non-equity incentive plan compensation also declined by less than half a million dollars.

Davis's base salary increased to $1.65 million in 2025 from $1.62 million in 2024.

Chief Financial Officer Caroline Litchfield saw her total compensation remain flat at roughly $7.5 million.


Write to Katherine Hamilton at katherine.hamilton@wsj.com


(END) Dow Jones Newswires

04-08-26 1727ET