Vericel CEO Dominick Colangelo's 2018 pay jumps 77% to $2.6M
Vericel reports 2018 executive compensation
By ExecPay News
Published: March 20, 2019
Vericel reported fiscal year 2018 executive compensation information on March 20, 2019.
In 2018, three Vericel executives received on average a compensation package of $1.6M, a 66% increase compared to previous year.
Average pay of disclosed executives at Vericel
Dominick C. Colangelo, Chief Executive Officer, received $2.6M in total, which increased by 77% compared to 2017. 59% of Colangelo's compensation, or $1.5M, was in option awards. Colangelo also received $107K in bonus, $355K in non-equity incentive plan, $592K in salary, as well as $12K in other compensation.
For fiscal year 2018, the median employee pay was $119,842 at Vericel. Therefore, the ratio of Dominick C. Colangelo's pay to the median employee pay was 22 to one.
Gerard Michel, Chief Financial Officer, received a compensation package of $1.1M, which increased by 53% compared to previous year. 46% of the compensation package, or $516K, was in option awards.
Daniel Orlando, Chief Operating Officer, earned $1.1M in 2018, a 56% increase compared to previous year.
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Source: SEC filing on March 20, 2019.