Lipocine CEO Mahesh Patel's 2018 pay slips 8% to $1.2M
Lipocine reports 2018 executive compensation
By ExecPay News
Published: April 30, 2019
Lipocine reported fiscal year 2018 executive compensation information on April 30, 2019.
In 2018, three Lipocine executives received on average a compensation package of $749K, a 5% decrease compared to previous year.
Average pay of disclosed executives at Lipocine
Mahesh V. Patel, Chief Executive Officer, received $1.2M in total, which decreased by 8% compared to 2017. 38% of Patel's compensation, or $439K, was in salary. Patel also received $119K in bonus, $158K in option awards, $423K in stock awards, as well as $14K in other compensation.
Morgan R. Brown, Chief Financial Officer, received a compensation package of $651K, which decreased by 14% compared to previous year. 50% of the compensation package, or $325K, was in salary.
Nachiappan Chidambaram, Vice President, Product Development, earned $443K in 2018, a 6% decrease compared to previous year.
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Source: SEC filing on April 30, 2019.