Lipocine CEO Mahesh Patel's 2022 pay slips 20% to $884K
Lipocine reports 2022 executive compensation
By ExecPay News
Published: March 27, 2023
Lipocine reported fiscal year 2022 executive compensation information on March 27, 2023.
In 2022, three Lipocine executives received on average a compensation package of $511K, a 33% decrease compared to previous year.
Average pay of disclosed executives at Lipocine
Mahesh V. Patel, Chief Executive Officer, received $884K in total, which decreased by 20% compared to 2021. 56% of Patel's compensation, or $494K, was in salary. Patel also received $89K in non-equity incentive plan, $285K in option awards, as well as $16K in other compensation.
Nachiappan Chidambaram, Senior Vice President, Research and Development, received a compensation package of $352K, which decreased by 17% compared to previous year. 75% of the compensation package, or $266K, was in salary.
Krista Fogarty, Principal Accounting Officer and Corporate Controller, earned $298K in 2022.
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Source: SEC filing on March 27, 2023.