Lantern Pharma (LTRN) executive compensation, 2025 proxy

Panna Sharma, Chief Executive Officer and President, was paid $1.1M in 2024, up 59% from $684,385 the year before.

Filed
August 8, 2025
Annual meeting
September 19, 2025
Pay year
2024
Named executives
3
CEO total pay
$1.1M+59% vs prior year
CEO bonus eligibility
Up to 50%Of annual base salary
CFO bonus eligibility
Up to 40%Of annual base salary
CSO bonus eligibility
Up to 40%Of annual base salary
CEO options granted
70,000Shares underlying options
CFO options granted
52,000Shares underlying options
CSO options granted
35,000Shares underlying options

How Sharma 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.

Salary53%Bonus26%Option awards20%All other compensation1%

Named executive officers

ExecutiveTotal
Panna SharmaChief Executive Officer and President$1,090,634
David R. MargraveChief Financial Officer and Secretary$752,886
Kishor Bhatia, Ph.D.Chief Scientific Officer$539,120

What changed and why

  • $1.1M$1,090,634 CEO total compensation in 2024, up from $684,385 in 2023.
  • $224K$223,534 CEO option award was granted in 2024, while no option award was reported for 2023.
  • $282K$281,750 CEO cash bonus increased from $149,185 in 2023.
  • $575K$575,000 CEO salary increased from $525,300 in 2023.
  • $4.35$4.35 per share was the exercise price for 2024 option grants to all named executives.
  • $190KDr. Bhatia’s 2025 annual base salary was adjusted to $189,600 after his weekly commitment was reduced to 24 hours.

Other Lantern Pharma proxy statements

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.