How Patel was paid
$6.2M 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 | Total |
|---|---|---|---|---|
| Snehal PatelChief Executive Officer | $612,563 | $306,281 | $5,322,841 | $6,241,685 |
What changed and why
- $6.2M$6,241,685 CEO total compensation in 2024 versus $2,750,028 in 2023.
- $5.3M$5,322,841 stock awards represented the largest reported component of 2024 CEO compensation.
- $306K$306,281 deferred bonus compensation was reported for 2024.
- 630,000 stock options were granted for services rendered and future-service incentives.
- 50%50% of base salary was the maximum annual bonus opportunity under the CEO employment agreement.
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.