Lipocine CEO Mahesh Patel's 2023 pay slips 3% to $860K
Lipocine reports 2023 executive compensation
By ExecPay News
Published: April 23, 2024
Lipocine reported fiscal year 2023 executive compensation information on April 23, 2024.
In 2023, three Lipocine executives received on average a compensation package of $522K, a 2% increase compared to previous year.
Average pay of disclosed executives at Lipocine
Mahesh V. Patel, Chief Executive Officer, received $860K in total, which decreased by 3% compared to 2022. 61% of Patel's compensation, or $525K, was in salary. Patel also received $219K in non-equity incentive plan, $98K in option awards, as well as $19K in other compensation.
Nachiappan Chidambaram, Senior Vice President, Research and Development, received a compensation package of $386K, which increased by 10% compared to previous year. 77% of the compensation package, or $298K, was in salary.
Krista Fogarty, Principal Accounting Officer and Corporate Controller, earned $321K in 2023, a 8% increase compared to previous year.
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Source: SEC filing on April 23, 2024.