How Rothblatt was paid
$18M in total for 2025, 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Martine RothblattChairperson and Chief Executive Officer | $1,545,005 | $6,067,990 | $6,075,804 | $4,281,875 | $55,898 | $12,400 | $18,038,972 |
| James EdgemondChief Financial Officer and Treasurer | $955,769 | $1,950,974 | $1,953,133 | $1,616,063 | $1,849,381 | $23,047 | $8,348,367 |
| Michael BenkowitzPresident and Chief Operating Officer | $1,442,308 | $3,121,558 | $3,124,134 | $3,315,000 | $3,328,735 | $53,920 | $14,385,655 |
| Paul MahonExecutive Vice President and General Counsel | $964,231 | $1,517,766 | $1,519,226 | $1,500,590 | $0 | $29,500 | $5,531,313 |
What changed and why
- $18MCEO total compensation decreased to $18,038,972 in 2025 from $23,009,609 in 2024.
- 95%Shareholders overwhelmingly approved the previous say-on-pay proposal with over 95 percent support.
- 100%Long-term incentive awards are 100 percent performance-based and delivered as stock options and RSUs.
- Mr. Benkowitz received a base pay and bonus target increase following expanded responsibilities.
- Mr. Edgemond received a pay increase reflecting broader real estate responsibilities.
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.