Sorrento Therapeutics CEO Henry Ji's 2021 pay falls 87% to $20M
Sorrento Therapeutics reports 2021 executive compensation
By ExecPay News
Published: November 1, 2022
Sorrento Therapeutics reported fiscal year 2021 executive compensation information on November 1, 2022.
In 2021, two executives at Sorrento Therapeutics received on average a compensation package of $11M, a 86% decrease compared to previous year.
Average pay of disclosed executives at Sorrento Therapeutics
Henry Ji, Chief Executive Officer, received $20M in total, which decreased by 87% compared to 2020. 91% of Ji's compensation, or $18M, was in option awards. Ji also received $1.6M in salary and $53K in other compensation.
For fiscal year 2021, the median employee pay was $130,192 at Sorrento Therapeutics. Therefore, the ratio of Henry Ji's pay to the median employee pay was 152 to one.
Najjam Asghar, Chief Financial Officer, received a compensation package of $1.9M, which decreased by 7% compared to previous year. 44% of the compensation package, or $833K, was in option awards.
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Source: SEC filing on November 1, 2022.