Ipsidy reports 2017 executive compensation

CEO Philip Beck receives $2.3M

Ipsidy reported fiscal year 2017 executive compensation information on October 31, 2018.

In 2017, five Ipsidy executives received on average a compensation package of $652,450, a 68% decrease compared to previous year.

Philip Beck, Chief Executive Officer, received $2,265,224 in total. 85.46% of Beck's compensation, or $1,935,833, was in option awards. Beck also received $2,857 in bonus, $45,833 of change in pension value and nonqualified deferred compensation earnings, $275,000 in salary, as well as $5,701 in other compensation.

Stuart Stoller, Chief Financial Officer, received a compensation package of $518,118. 59.56% of the compensation package, or $308,611, was in option awards.

Thomas Szoke, Chief Executive Officer, earned $262,315 in 2017, a 87% decrease compared to previous year.

Douglas Solomon, Former Executive, received $161,458 in 2017, which decreases by 96% compared to 2016.

Charles D. Albanese, Chief Financial Officer, earned $55,135 in 2017, a 80% decrease compared to previous year.