WellPoint disclosed DeVeydt's new pay in a securities filing Monday afternoon, nearly two weeks after DeVeydt replaced David C. Colby. Colby was forced to resign for breaking the company's code of conduct. DeVeydt, 37, will continue his role as WellPoint's chief accounting officer.
DeVeydt's bonus could range from nothing to $1.35 million in stock and cash. His stock award, valued at Monday's closing price of $81.31, is worth $135,544.
DeVeydt also received 13,333 stock options. Assuming those options appreciate 5 percent a year for 10 years, they hold a current estimated value of $682,000.