How Ph.D. was paid
$1.1M in total for 2024, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Other | Total |
|---|---|---|---|---|---|
| Vimal Mehta, Ph.D.Chief Executive Officer | $1,001,570 | — | $101,250 | $16,425 | $1,119,245 |
| Javier RodriguezSenior VP and Chief Legal Officer | $423,833 | $181,755 | $398,530 | $8,625 | $1,012,552 |
| Richard SteinhartSVP and Chief Financial Officer | $409,872 | $181,755 | $398,339 | $4,128 | $998,216 |
What changed and why
- $1.1MChief executive officer total compensation decreased to $1,119,245 in 2024 from $4,731,147 in 2023.
- Base salaries for named executive officers were not increased in 2024 by the compensation committee.
- No annual cash bonuses were awarded to named executive officers for 2024 performance.
- Credit agreement restrictions prevented the payment of cash bonuses and increases in 2025 cash compensation.
- Performance-based restricted stock units and stock options were granted as long-term incentives.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.