Flora Growth Corp. CEO Luis Merchan's 2022 pay falls 57% to $1.1M
Flora Growth Corp. reports 2022 executive compensation
By ExecPay News
Published: May 10, 2023
Flora Growth Corp. reported fiscal year 2022 executive compensation information on May 10, 2023.
In 2022, four executives at Flora Growth Corp. received on average a compensation package of $676K, a 17% decrease compared to previous year.
Average pay of disclosed executives at Flora Growth Corp.
Luis Merchan, Chief Executive Officer, received $1.1M in total, which decreased by 57% compared to 2021. 51% of Merchan's compensation, or $540K, was in stock awards. Merchan also received $101K in option awards, $378K in salary, as well as $48K in other compensation.
Matthew Cohen, General Counsel, received a compensation package of $716K, which increased by 30% compared to previous year. 38% of the compensation package, or $270K, was in stock awards.
James Choe, former Chief Strategy Officer, earned $518K in 2022, a 315% increase compared to previous year.
Jessie Casner, Chief Marketing Officer, received $400K in 2022, which increases by 210% compared to 2021.
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Source: SEC filing on May 10, 2023.