Praxis Precision Medicines CEO Marcio Souza's 2021 pay jumps 148% to $11M
Praxis Precision Medicines reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Praxis Precision Medicines reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, three executives at Praxis Precision Medicines received on average a compensation package of $6.4M, a 27% increase compared to previous year.
Average pay of disclosed executives at Praxis Precision Medicines
Marcio Souza, Chief Executive Officer, received $11M in total, which decreased by 7% compared to 2020. 63% of Souza's compensation, or $6.9M, was in option awards. Souza also received $647K in non-equity incentive plan, $571K in salary, $2.8M in stock awards, as well as $19K in other compensation.
Bernard Ravina, Chief Medical Officer, received a compensation package of $4.5M, which increased by 164% compared to previous year. 54% of the compensation package, or $2.5M, was in option awards.
Nicole Sweeny, Chief Commercial Officer, earned $3.7M in 2021, a 125% increase compared to previous year.
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Source: SEC filing on April 14, 2022.