How Magpuri was paid
$504,860 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Cecil D. MagpuriChief Executive Officer | $475,000 | — | — | $29,860 | $504,860 |
| Bruce BrownChief Legal Officer | $303,385 | $93,600 | $372,750 | $19,718 | $789,453 |
| Simon PhilipsPresident | $468,119 | $140,400 | — | $8,092 | $616,611 |
What changed and why
- $505K$504,860 was CEO total compensation in 2024 versus $507,523 in 2023.
- $373K$372,750 was Bruce Brown’s 2024 stock award value following his promotion to Chief Legal Officer.
- $93,600$93,600 and $140,400 were discretionary bonuses awarded to Bruce Brown and Simon Philips, respectively.
- 35,000 RSUs were granted to Bruce Brown during fiscal 2024, vesting over five years.
- Five-year vesting schedules were used for the December 2023 and May 2024 restricted stock unit awards.
- None of the named executive officers has termination or change-in-control rights.
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.