8-KLeadership ChangesRegulation FDExhibits & Filings

STRYKER CORP 8-K Report, Executive Changes (Dec 4, 2025)

Filed December 4, 2025For Securities:SYK

Summary

Stryker Corporation (SYK) announced significant leadership changes effective January 1, 2026. Spencer Stiles, currently Group President of Orthopaedics, will be promoted to President and Chief Operating Officer. Dylan Crotty, previously President of Instruments, will succeed Mr. Stiles as Group President, Orthopaedics. Both executives have long tenures with the company and have held various leadership roles across key business segments. These executive appointments come with updated compensation packages, including base salary increases, bonus targets, and recommendations for substantial long-term incentive awards for both Mr. Stiles and Mr. Crotty in early 2026. The compensation details include a mix of stock options and performance stock units, reflecting a commitment to retaining and incentivizing key leadership talent. Investors should note these moves signal continued internal development and a focus on experienced leadership within Stryker's operational structure.

Key Highlights

  • 1Spencer Stiles promoted to President and Chief Operating Officer, effective January 1, 2026.
  • 2Dylan Crotty promoted to Group President, Orthopaedics, effective January 1, 2026.
  • 3Both executives have 27-year careers with Stryker and extensive leadership experience.
  • 4Spencer Stiles's new role includes an increased base salary to $1,000,000 and a bonus target of 100% of base salary.
  • 5Dylan Crotty's new role includes an increased base salary to $700,000 and a bonus target of 85% of base salary.
  • 6Recommendations for significant long-term incentive awards (approx. $6M for Stiles, $3M for Crotty) are planned for February 2026, comprising stock options and performance stock units.
  • 7The company issued a press release detailing these leadership transitions, furnished as an exhibit.

Frequently Asked Questions

Stryker announced that Spencer Stiles will be promoted to President and Chief Operating Officer, and Dylan Crotty will be promoted to Group President, Orthopaedics, both effective January 1, 2026. This reflects an internal succession plan for senior leadership roles.

Both executives will receive base salary increases, with Mr. Stiles's annual base salary rising to $1,000,000 and Mr. Crotty's to $700,000, effective January 1, 2026. They will also have bonus targets of 100% and 85% of their base salaries, respectively. Additionally, recommendations will be made for significant long-term incentive awards in February 2026.

Yes, recommendations will be made to the Compensation and Human Capital Committee to approve long-term incentive awards in February 2026. Mr. Stiles is recommended for awards with an approximate target value of $6,000,000, and Mr. Crotty for awards with an approximate target value of $3,000,000. These awards will consist of stock options and performance stock units.

No, this filing primarily announces promotions and appointments of existing officers to new roles, Spencer Stiles and Dylan Crotty. There is no indication of any departures in this specific 8-K filing.