Cyanotech CEO Matthew Custer's 2023 pay rises 11% to $291K
Cyanotech reports 2023 executive compensation
By ExecPay News
Published: July 14, 2023
Cyanotech reported fiscal year 2023 executive compensation information on July 14, 2023.
In 2023, three Cyanotech executives received on average a compensation package of $179K, a 18% decrease compared to previous year.
Average pay of disclosed executives at Cyanotech
Matthew K. Custer, Chief Executive Officer, received $291K in total, which increased by 11% compared to 2022. 67% of Custer's compensation, or $195K, was in salary. Custer also received $25K in bonus, $65K in option awards, as well as $5.4K in stock awards.
Felicia Ladin, Chief Financial Officer, received a compensation package of $161K, which decreased by 32% compared to previous year. 91% of the compensation package, or $146K, was in salary.
Gerald R. Cysewski, Chief Executive Officer, earned $86K in 2023, a 44% decrease compared to previous year.
Cyanotech's fiscal year ends on March 31.
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Source: SEC filing on July 14, 2023.