Praxis Precision Medicines CEO Marcio Souza's 2023 pay falls 65% to $2.1M
Praxis Precision Medicines reports 2023 executive compensation
By ExecPay News
Published: April 26, 2024
Praxis Precision Medicines reported fiscal year 2023 executive compensation information on April 26, 2024.
In 2023, three executives at Praxis Precision Medicines received on average a compensation package of $1.3M, a 68% decrease compared to previous year.
Average pay of disclosed executives at Praxis Precision Medicines
Marcio Souza, Chief Executive Officer, received $2.1M in total, which decreased by 65% compared to 2022. 44% of Souza's compensation, or $941K, was in option awards. Souza also received $516K in non-equity incentive plan, $625K in salary, as well as $39K in other compensation.
Timothy Kelly, Chief Financial Officer, received a compensation package of $1M, which decreased by 56% compared to previous year. 45% of the compensation package, or $465K, was in salary.
Alex Nemiroff, General Counsel, earned $843K in 2023.
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Source: SEC filing on April 26, 2024.