Zogenix CEO Stephen Farr's 2019 pay jumps 56% to $10M
Zogenix reports 2019 executive compensation
By ExecPay News
Published: April 17, 2020
Zogenix reported fiscal year 2019 executive compensation information on April 17, 2020.
In 2019, five Zogenix executives received on average a compensation package of $5.6M, a 57% increase compared to previous year.
Average pay of disclosed executives at Zogenix
Stephen J. Farr, Chief Executive Officer, received $10M in total, which increased by 56% compared to 2018. 81% of Farr's compensation, or $8.4M, was in option awards. Farr also received $281K in non-equity incentive plan, $579K in salary, $1.1M in stock awards, as well as $8.4K in other compensation.
For fiscal year 2019, the median employee pay was $337,830 at Zogenix. Therefore, the ratio of Stephen J. Farr's pay to the median employee pay was 31 to one.
Bradley S. Galer, Chief Medical Officer, received a compensation package of $4.4M, which increased by 71% compared to previous year. 77% of the compensation package, or $3.4M, was in option awards.
Michael P. Smith, Chief Financial Officer, earned $4.4M in 2019, a 119% increase compared to previous year.
Gail M. Farfel, Executive Vice President and Chief Development Officer, received $4.4M in 2019, which increases by 85% compared to 2018.
Ashish M. Sagrolikar, Executive Vice President and Chief Commercial Officer, earned $4.3M in 2019, a 4% increase compared to previous year.
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Source: SEC filing on April 17, 2020.