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Mark T. Bertolini

Chief Executive Officer at Oscar Health
Board
Since April 3, 2023
Age
67 years
Education
Holds a Bachelor of Science degree in Business from Wayne State University and a Master of Business Administration from Cornell University.
Tenure
Began the role as Chief Executive Officer at Oscar Health on April 3, 2023 after serving as a strategic advisor and now also serves as a member of the Board of Directors.

Also at Oscar Health

AQ
Alessandrea Quane
Chief Insurance Officer
JL
Janet Liang
EVP and President of Oscar Insurance

About

Mark T. Bertolini’s career is defined by a robust track record in executive leadership across the healthcare and investment management industries. Early in his career, he held important roles at noted organizations where he built a reputation for innovation and strategic thinking, laying a strong foundation in both healthcare operations and financial services.

His tenure at Aetna Inc. as CEO and Chairman was marked by transformative changes and major strategic initiatives, including orchestrating the company’s acquisition, which showcased his ability to lead through complex transitions. Following this, his leadership role as Co-CEO at Bridgewater Associates, LP further underscored his capability to navigate global market dynamics and drive organizational success during periods of rapid change.

At his current position at Oscar Health, he leverages his extensive experience and tech-forward approach to drive innovation and growth. Beyond his executive responsibilities, he contributes significantly to the industry through board memberships at major corporations, thereby extending his influence and commitment to advancing healthcare and financial services.

$OSCR Performance Under Mark T. Bertolini

Past Roles

Organization Role Date Range Details
Bridgewater Associates, LP Co-Chief Executive Officer January 2022 – March 2023 N/A
CVS Health Corporation Director 2018 – 2020 N/A
Aetna Inc. Chief Executive Officer November 2010 – November 2018 Also served as Chairman from April 2011 – November 2018 (see next row)
Aetna Inc. Chairman April 2011 – November 2018 N/A
The Cigna Group, NYLCare Health Plans, SelectCare, Inc. Various Executive Roles N/A No specific dates provided

External Roles

Organization Role Date Range Details
Verizon Communications Inc. Director Current N/A
Thrive Global Director Current N/A
FIDELCO Guide Dog Foundation Director Current N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$600,000 (annual), $450,000 actually received Partial year (from April 3, 2023)Reflects prorated compensation due to start date
Reimbursement for Legal CostsUp to $30,000 N/AReimbursement for reasonable legal costs related to negotiating employment agreements

Performance Compensation

Data from  FY 2023

Performance-Based Restricted Stock Units (PSUs)

MetricDetails
ComponentPerformance-Based RSUs (PSUs)
Performance MetricsStock price performance measured over a 90 consecutive trading-day period
Price per Share Goals$11.00 (2,866,667 PSUs), $16.00 (2,866,667 PSUs), $39.00 (1,720,000 PSUs)
Target/ThresholdAchieve predetermined price per share goals; first hurdle of $11.00 achieved in March 2024
Evaluation PeriodApril 3, 2023 to April 3, 2026
Grant DateApril 3, 2023
Grant Date Fair Value$24,584,535
Grant Date Stock Price$2.46 to $5.70
Vesting ScheduleFull vesting on April 3, 2026 subject to continued CEO service; accelerated vesting upon change of control
Actual Results$11.00 price goal met in March 2024, resulting in 2,866,667 earned PSUs