Norman L. Wright
Option Care HealthAbout Norman L. Wright
Independent director of Option Care Health (OPCH) since 2024; age 60. He brings 35+ years of executive experience across sales, customer service, operations, marketing, and digital, including senior roles at UnitedHealth Group/Optum where he led 55,000 team members across five global regions. He is independent under Nasdaq rules and currently serves as Chair of OPCH’s Compensation Committee and a member of the Nominating & Corporate Governance Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| UnitedHealth Group/Optum | EVP, Health Equity Strategy; EVP & Chief Customer Experience Officer; EVP, Chief Marketing & Customer Experience (Optum); SVP & Chief, Operations | 2013–2023 | Led 55,000 team members; drove customer experience, human capital and risk management; contributed to ESG and community engagement strategies . |
| Citigroup; Accenture; Home Shopping Network; Fidelity Investments; General Electric | Various executive roles | N/A | Senior leadership in operations, marketing, consulting, technology; cross-industry experience relevant to governance and strategy . |
External Roles
| Company | Role | Tenure | Notes |
|---|---|---|---|
| First Solar, Inc. | Director | 2022–Present | Only current U.S. public company directorship listed (OPCH board count shows 1 other public board) . |
Board Governance
| Attribute | Detail |
|---|---|
| Independence | Independent director (all committee members are independent) . |
| Board committees | Compensation (Chair); Nominating & Corporate Governance (Member) . |
| Attendance | Board met 5 times in 2024; each director attended ≥75% of Board and assigned committee meetings; all directors attended 2024 annual meeting . |
| Board refreshment | Joined OPCH board in 2024; five of eleven nominees joined since 2022 . |
| Engagement | Compensation Committee Chair (Wright) participated directly in multiple investor meetings after a 50.6% say‑on‑pay result in 2024, including all meetings where investors requested his presence . |
| Overboarding | OPCH guidelines: ≤4 public boards per director; as of 3/18/25 none exceeded limits; Wright serves on 1 other public board (First Solar) . |
| Executive sessions | Each regular quarterly Board meeting includes executive sessions without management . |
Fixed Compensation (Non-Employee Director)
| Component | 2024 Program | Notes |
|---|---|---|
| Annual cash retainer | $100,000 | Increased in 2024 . |
| Committee chair retainers | Comp Chair: $20,000 | Increased from $15,000 to $20,000 in 2024 . |
| Committee member retainers | $7,500 (non-Audit); Audit member $11,000; Finance member $5,000 | 2024 levels . |
| Board Chair retainer | $125,000 | N/A to Wright . |
| Norman L. Wright – 2024 Actual Director Pay | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 162,569 |
| Stock Awards (grant-date fair value) | 215,372 |
| Total | 377,941 |
| Notes | Appointed Jan 2, 2024; received prorated cash retainer of $35,069 and a prorated equity grant of 1,731 RSUs on April 1, 2024 (valued at $32.79) . He elected to receive cash retainers in RSUs; directors who elected this had RSU grants recorded (Wright: 7,056 RSUs for retainers; see table note) . |
Performance Compensation (Director Equity)
| Grant | Grant Date | Vehicle | Grant Value / Shares | Vesting | Notes |
|---|---|---|---|---|---|
| Annual Director Equity | May 15, 2024 | RSUs | $160,000 (share count based on $30.06 close; rounded in factors of 3) | Vests in equal amounts on each of first three anniversaries; accelerated on change in control or termination other than for cause | 2024 program terms . |
| Prorated Equity (on appointment) | April 1, 2024 | RSUs | 1,731 RSUs at $32.79 | As per award; reflects partial-year service prior to 2024 annual meeting | Disclosed as part of appointment proration . |
No director performance-conditioned equity (e.g., PSUs) is disclosed; director equity is time-based RSUs under the 2018 Equity Incentive Plan .
Other Directorships & Interlocks
| Director | Other U.S. Public Boards | Count |
|---|---|---|
| Norman L. Wright | First Solar, Inc. | 1 |
- Corporate guidelines cap public boards at four; none of OPCH directors exceeded limits as of March 18, 2025 .
Expertise & Qualifications
- Human capital and risk management: led 55,000-person global organization focused on quality and customer experience (relevant to compensation, culture, and risk oversight) .
- Healthcare payer/provider operations; marketing and digital/customer experience; ESG/community engagement strategy contributions .
- Public company governance: serves on First Solar’s board; OPCH Compensation Chair and Nominating & Governance member .
Equity Ownership
| Measure | Amount |
|---|---|
| Beneficial ownership (common shares) | 577 shares; <1% of class |
| Outstanding RSUs (as of 12/31/24) | 7,056 RSUs (includes annual equity and RSUs elected in lieu of cash retainers, as applicable) . |
| Director ownership guideline | Hold equity = 3x annual cash retainer; retain 75% of net shares (including unvested RSUs) until guideline met . |
| Compliance status | All non-employee directors, including Wright, were in compliance as of 12/31/24 . |
| Hedging/pledging | Prohibited for directors; bans short sales, derivatives, margin/pledging . |
Governance Assessment
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Positive signals
- Governance leadership: Compensation Committee Chair with direct investor outreach after a low say‑on‑pay (50.6%)—oversaw program changes: no one‑time awards in 2024, extended PSU performance horizon to 3 years, reduced individual MIP weight to 20%, and eliminated stock options—aligning pay more tightly to performance and multi‑year outcomes .
- Strong independence/attendance: independent status; Board and committee attendance ≥75%; executive sessions each quarterly meeting .
- Ownership alignment: director stock ownership guideline (3x retainer) with retention; all NEDs in compliance; hedging/pledging prohibitions .
- Balanced workload: serves on one other public board, within OPCH’s overboarding limits .
-
Watch items / context
- 2024 say‑on‑pay at 50.6% required significant engagement and program changes; as Compensation Chair, Wright’s stewardship will be judged on future vote recovery and continued restraint on one‑time awards .
- No related‑party transactions involving Wright are disclosed; OPCH maintains a formal related‑party review policy under Audit Committee oversight .
-
Conflict checks
- No disclosed related‑party transactions or pledging for Wright; independence affirmed by Board and committee composition rules .
Appendices: Key Program and Policy References
- Compensation risk and clawbacks: Dodd‑Frank compliant clawback plus supplemental misconduct clawback; annual comp risk assessment; double‑trigger CoC for NEOs; no tax gross‑ups .
- Director compensation changes (2024): raises to cash retainers and chair/member fees; annual RSU from $150k to $160k .
- Shareholder rights evolution: proposal to allow 25% holders (with 1‑year holding) to call special meetings; ongoing governance enhancements informed by investor feedback .
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