Novavax CEO Stanley Erck's 2018 pay jumps 50% to $4.2M
Novavax reports 2018 executive compensation
By ExecPay News
Published: May 16, 2019
Novavax reported fiscal year 2018 executive compensation information on May 16, 2019.
In 2018, four Novavax executives received on average a compensation package of $2.1M, a 67% increase compared to previous year.
Average pay of disclosed executives at Novavax
Stanley C. Erck, Chief Executive Officer, received $4.2M in total, which increased by 50% compared to 2017. 84% of Erck's compensation, or $3.5M, was in option awards. Erck also received $638K in salary and $11K in other compensation.
For fiscal year 2018, the median employee pay was $123,614 at Novavax. Therefore, the ratio of Stanley C. Erck's pay to the median employee pay was 34 to one.
Gregory M. Glenn, President, Research and Development, received a compensation package of $1.7M, which increased by 38% compared to previous year. 67% of the compensation package, or $1.1M, was in option awards.
John J. Trizzino, Chief Financial Officer, earned $1.3M in 2018, a 40% increase compared to previous year.
John A. Herrmann III, General Counsel, received $1.1M in 2018, which increases by 25% compared to 2017.
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Source: SEC filing on May 16, 2019.