Cingulate CEO Shane Schaffer's 2023 pay rises 8% to $630K
Cingulate reports 2023 executive compensation
By ExecPay News
Published: April 26, 2024
Cingulate reported fiscal year 2023 executive compensation information on April 26, 2024.
In 2023, five Cingulate executives received on average a compensation package of $456K, a 5% decrease compared to previous year.
Average pay of disclosed executives at Cingulate
Shane J. Schaffer, Chief Executive Officer, received $630K in total, which increased by 8% compared to 2022. 78% of Schaffer's compensation, or $492K, was in salary. Schaffer also received $138K in option awards.
Laurie A. Myers, Chief Operating Officer, received a compensation package of $476K, which increased by 4% compared to previous year. 87% of the compensation package, or $415K, was in salary.
Louis G. Van Horn, Chief Financial Officer, earned $459K in 2023, a 5% increase compared to previous year.
Craig S. Gilgallon, Secretary, received $446K in 2023, which increases by 2% compared to 2022.
Matthew N. Brams, Chief Marketing Officer, earned $268K in 2023.
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Source: SEC filing on April 26, 2024.