T2 Biosystems CEO John McDonough's 2018 pay jumps 204% to $4M
T2 Biosystems reports 2018 executive compensation
By ExecPay News
Published: April 26, 2019
T2 Biosystems reported fiscal year 2018 executive compensation information on April 26, 2019.
In 2018, three executives at T2 Biosystems received on average a compensation package of $2.3M, a 151% increase compared to previous year.
Average pay of disclosed executives at T2 Biosystems
John McDonough, Chief Executive Officer, received $4M in total, which increased by 204% compared to 2017. 55% of McDonough's compensation, or $2.2M, was in stock awards. McDonough also received $31K in bonus, $309K in non-equity incentive plan, $952K in option awards, $498K in salary, as well as $3K in other compensation.
John Sprague, Chief Financial Officer, received a compensation package of $1.5M. 48% of the compensation package, or $714K, was in option awards.
Thomas J. Lowery, Chief Scientific Officer, earned $1.4M in 2018, a 93% increase compared to previous year.
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Source: SEC filing on April 26, 2019.