Palladyne AI Corp. Chairman Benjamin Wolff's 2021 pay jumps 10,210% to $53M
Palladyne AI Corp. reports 2021 executive compensation
By ExecPay News
Published: May 13, 2022
Palladyne AI Corp. reported fiscal year 2021 executive compensation information on May 13, 2022.
In 2021, four executives at Palladyne AI Corp. received on average a compensation package of $16M, a 3,274% increase compared to previous year.
Average pay of disclosed executives at Palladyne AI Corp.
Benjamin Wolff, Chairman, received $53M in total, which increased by 10,210% compared to 2020. 88% of Wolff's compensation, or $47M, was in stock awards. Wolff also received $226K in bonus, $5.6M in option awards, as well as $396K in salary.
Kiva Allgood, Chief Executive Officer, received a compensation package of $6M. 50% of the compensation package, or $3M, was in option awards.
Marian Joh, Chief Operating Officer, earned $4.3M in 2021.
Fraser Smith, Chief Innovation Officer, received $1.4M in 2021, which increases by 224% compared to 2020.
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Source: SEC filing on May 13, 2022.