89bio CEO Rohan Palekar's 2023 pay jumps 79% to $5.6M
89bio reports 2023 executive compensation
By ExecPay News
Published: April 17, 2024
89bio reported fiscal year 2023 executive compensation information on April 17, 2024.
In 2023, three 89bio executives received on average a compensation package of $3.5M, a 73% increase compared to previous year.
Average pay of disclosed executives at 89bio
Rohan Palekar, Chief Executive Officer, received $5.6M in total, which increased by 79% compared to 2022. 61% of Palekar's compensation, or $3.4M, was in option awards. Palekar also received $437K in non-equity incentive plan, $611K in salary, $1.1M in stock awards, as well as $16K in other compensation.
Hank Mansbach, Chief Medical Officer, received a compensation package of $2.5M, which increased by 66% compared to previous year. 54% of the compensation package, or $1.4M, was in option awards.
Quoc Le-Nguyen, Chief Technical Operations Officer and Head of Quality, earned $2.5M in 2023, a 68% increase compared to previous year.
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Source: SEC filing on April 17, 2024.