Generation Bio Co. CEO Geoff McDonough's 2021 pay jumps 163% to $5.9M
Generation Bio Co. reports 2021 executive compensation
By ExecPay News
Published: April 26, 2022
Generation Bio Co. reported fiscal year 2021 executive compensation information on April 26, 2022.
In 2021, five executives at Generation Bio Co. received on average a compensation package of $2.6M, a 15% increase compared to previous year.
Average pay of disclosed executives at Generation Bio Co.
Geoff McDonough, Chief Executive Officer, received $5.9M in total, which increased by 163% compared to 2020. 84% of McDonough's compensation, or $5M, was in option awards. McDonough also received $353K in non-equity incentive plan and $583K in salary.
For fiscal year 2021, the median employee pay was $219,002 at Generation Bio Co.. Therefore, the ratio of Geoff McDonough's pay to the median employee pay was 27 to one.
Matthew Stanton, Chief Scientific Officer, received a compensation package of $2.7M, which increased by 186% compared to previous year. 76% of the compensation package, or $2.1M, was in option awards.
Douglas Kerr, Chief Medical Officer, earned $2.1M in 2021, a 110% increase compared to previous year.
Matthew Norkunas, Chief Financial Officer, received $1.4M in 2021, which decreases by 72% compared to 2020.
Tracy Zimmermann, Chief Development Officer, earned $1.2M in 2021, a 50% decrease compared to previous year.
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Source: SEC filing on April 26, 2022.