AVEO Pharmaceuticals CEO Michael Bailey's 2020 pay rises 1% to $1.6M
AVEO Pharmaceuticals reports 2020 executive compensation
By ExecPay News
Published: April 28, 2021
AVEO Pharmaceuticals reported fiscal year 2020 executive compensation information on April 28, 2021.
In 2020, five executives at AVEO Pharmaceuticals received on average a compensation package of $925K, a 9% decrease compared to previous year.
Average pay of disclosed executives at AVEO Pharmaceuticals
Michael Bailey, Chief Executive Officer, received $1.6M in total, which increased by 1% compared to 2019. 35% of Bailey's compensation, or $565K, was in salary. Bailey also received $441K in non-equity incentive plan, $524K in option awards, as well as $70K in other compensation.
For fiscal year 2020, the median employee pay was $338,785 at AVEO Pharmaceuticals. Therefore, the ratio of Michael Bailey's pay to the median employee pay was 5 to one.
Michael Needle, Chief Medical Officer, received a compensation package of $830K, which increased by 15% compared to previous year. 54% of the compensation package, or $452K, was in salary.
Erick Lucera, Chief Financial Officer, earned $781K in 2020.
Karuna Rubin, General Counsel, received $709K in 2020, which decreases by 5% compared to 2019.
Michael Ferraresso, Chief Commercial Officer, earned $707K in 2020.
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Source: SEC filing on April 28, 2021.