Exelixis CEO Michael Morrissey's 2018 pay slips 15% to $8M
Exelixis reports 2018 executive compensation
By ExecPay News
Published: April 11, 2019
Exelixis reported fiscal year 2018 executive compensation information on April 11, 2019.
In 2018, five Exelixis executives received on average a compensation package of $4.2M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Exelixis
Michael M. Morrissey, Chief Executive Officer, received $8M in total, which decreased by 15% compared to 2017. 39% of Morrissey's compensation, or $3.1M, was in option awards. Morrissey also received $1M in non-equity incentive plan, $945K in salary, $2.9M in stock awards, as well as $8.5K in other compensation.
For fiscal year 2018, the median employee pay was $248,850 at Exelixis. Therefore, the ratio of Michael M. Morrissey's pay to the median employee pay was 32 to one.
Gisela M. Schwab, Chief Medical Officer, received a compensation package of $3.6M, which decreased by 22% compared to previous year. 34% of the compensation package, or $1.2M, was in option awards.
Christopher J. Senner, Chief Financial Officer, earned $3.4M in 2018, a 13% decrease compared to previous year.
Peter Lamb, Chief Scientific Officer, received $3.2M in 2018, which decreases by 7% compared to 2017.
Jeffrey J. Hessekiel, General Counsel, earned $2.7M in 2018, a 15% decrease compared to previous year.
Exelixis' fiscal year ends on January 3.
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Source: SEC filing on April 11, 2019.