How Ph.D. was paid
$1.4M in total for fiscal 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Carl Spana, Ph.D.Chief Executive Officer and President | $700,000 | $195,400 | $178,700 | $357,000 | $17,250 | $1,448,350 |
| Stephen T. Wills, MST, CPAChief Financial Officer, Chief Operating Officer and Executive Vice President | $650,000 | $170,700 | $155,800 | $431,500 | $16,644 | $1,424,644 |
What changed and why
- $1.4M$1,448,350 CEO total compensation in fiscal 2024, versus $1,303,800 in fiscal 2023.
- 85.0%85.0% of target objectives were achieved, producing a $357,000 annual incentive payout for the CEO.
- $100K$100,000 cash bonus was awarded to Mr. Wills for efforts selling Vyleesi to Cosette.
- 50%50% of fiscal 2024 long-term incentive awards were performance-based.
- 250%250% of base salary was the stated long-term incentive target, reduced to 33% of target for share conservation.
- $721K$721,000 and $670,000 became the CEO and CFO/COO base salaries effective July 1, 2024.
Other Palatin Technologies proxy statements
- 2026 proxy statement
Carl Spana, Ph.D. paid $738,500 (-49% on the year).
Filed Jun 25, 2026
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.