Milford medical device maker Waters Corp. has awarded a performance bonus worth up to $1.5 million to President and CEO Christopher O’Connell.
The company announced Thursday O’Connell and two other executives were granted performance stock units at the board of directors’ Dec. 9 meeting. The executive’s ability to use all or a portion of the shares is contingent on the company’s shareholders total return compared to other companies in the S&P 500 Health Care Index.
