Mallinckrodt CEO Siggi Olafsson's 2023 pay jumps 119% to $14M
Mallinckrodt reports 2023 executive compensation
By ExecPay News
Published: April 15, 2024
Mallinckrodt reported fiscal year 2023 executive compensation information on April 15, 2024.
In 2023, three executives at Mallinckrodt received on average a compensation package of $9.1M, a 78% increase compared to previous year.
Average pay of disclosed executives at Mallinckrodt
Siggi Olafsson, Chief Executive Officer, received $14M in total, which increased by 119% compared to 2022. 71% of Olafsson's compensation, or $10M, was in stock awards. Olafsson also received $2.8M in non-equity incentive plan, $1.1M in salary, as well as $240K in other compensation.
Bryan M. Reasons, Chief Financial Officer, received a compensation package of $6.8M, which increased by 79% compared to previous year. 38% of the compensation package, or $2.6M, was in non-equity incentive plan.
Peter Richardson, Chief Scientific Officer, earned $6.5M in 2023.
Mallinckrodt's fiscal year ends on December 29.
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Source: SEC filing on April 15, 2024.