Sorrento Therapeutics CEO Henry Ji's 2019 pay jumps 80% to $8.1M
Sorrento Therapeutics reports 2019 executive compensation
By ExecPay News
Published: September 1, 2020
Sorrento Therapeutics reported fiscal year 2019 executive compensation information on September 1, 2020.
In 2019, two executives at Sorrento Therapeutics received on average a compensation package of $4.7M, a 19% increase compared to previous year.
Average pay of disclosed executives at Sorrento Therapeutics
Henry Ji, Chief Executive Officer, received $8.1M in total, which increased by 80% compared to 2018. 90% of Ji's compensation, or $7.3M, was in option awards. Ji also received $781K in salary and $13K in other compensation.
For fiscal year 2019, the median employee pay was $103,169 at Sorrento Therapeutics. Therefore, the ratio of Henry Ji's pay to the median employee pay was 79 to one.
Jiong Shao, Chief Financial Officer, received a compensation package of $1.2M, which decreased by 63% compared to previous year. 63% of the compensation package, or $776K, was in option awards.
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Source: SEC filing on September 1, 2020.