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CORVEL CORP

CRVL · FY2026

ALIGNED

CEO Package

$1.3M

Pay Ratio

—

Michael G. Combs

Returns outran pay growth by +23.9 pts

MARSH & MCLENNAN COMPANIES, INC.

MRSH · FY2025

MISALIGNED

CEO Package

$25.1M

Pay Ratio

—

John Q. Doyle

Pay rose +9.8% while TSR fell -24.8 pts

WILLIS TOWERS WATSON PLC

WTW · FY2025

MISALIGNED

CEO Package

$12.8M

Pay Ratio

—

Carl Hess

Pay rose +2.3% while TSR fell -25.0 pts

CEOTotal Compensation — All Companies

CRVL$1.3MMRSH$25.1MWTW$12.8M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

MRSH carries the largest package at $25.1M, about 19.5x CRVL.
MRSH reads misaligned, while CRVL looks aligned.
WTW is the most equity-heavy package, while CRVL leans hardest on base salary.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

CRVL

Michael G. Combs

$1.3M

base salary53%
option awards8%
non-equity incentive compensation39%
other compensation0%

MRSH

John Q. Doyle

$25.1M

base salary6%
stock awards37%
option awards33%
non-equity incentive compensation22%
other compensation2%

WTW

Carl Hess

$12.8M

base salary8%
stock awards72%
non-equity incentive compensation19%
other compensation2%

Quick Comparison

CompanyCEOLatest YearTotal Comp
CORVEL CORP(CRVL)Michael G. Combs2026$1.3M
MARSH & MCLENNAN COMPANIES, INC.(MRSH)John Q. Doyle2025$25.1M
WILLIS TOWERS WATSON PLC(WTW)Carl Hess2025$12.8M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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