Pacific Biosciences of California CEO Michael Hunkapiller's 2018 pay rises 20% to $1.6M

Pacific Biosciences of California reports 2018 executive compensation

By ExecPay News

Published: April 29, 2019

Pacific Biosciences of California reported fiscal year 2018 executive compensation information on April 29, 2019.

In 2018, five executives at Pacific Biosciences of California received on average a compensation package of $925K, a 8% increase compared to previous year.

Average pay of disclosed executives at Pacific Biosciences of California

Michael Hunkapiller, Chief Executive Officer, received $1.6M in total, which increased by 20% compared to 2017. 64% of Hunkapiller's compensation, or $1M, was in bonus. Hunkapiller also received $153K in option awards, $1 in salary, as well as $427K in stock awards.

For fiscal year 2018, the median employee pay was $166,966 at Pacific Biosciences of California. Therefore, the ratio of Michael Hunkapiller's pay to the median employee pay was 10 to one.

Susan Barnes, Chief Financial Officer, received a compensation package of $1.1M, which increased by 34% compared to previous year. 55% of the compensation package, or $618K, was in bonus.

Kathy Ordoñez, Chief Commercial Officer and member of the Board of Directors, earned $678K in 2018, a 2% decrease compared to previous year.

Michael Phillips, Senior Vice President of Research and Development, received $617K in 2018, which decreases by 11% compared to 2017.

Kevin Corcoran, Senior Vice President of Market Development, earned $595K in 2018, a 15% decrease compared to previous year.