SurModics CEO Gary Maharaj's 2019 pay rises 4% to $2.3M
SurModics reports 2019 executive compensation
By ExecPay News
Published: December 23, 2019
SurModics reported fiscal year 2019 executive compensation information on December 23, 2019.
In 2019, five SurModics executives received on average a compensation package of $1.2M, a 1% decrease compared to previous year.
Average pay of disclosed executives at SurModics
Gary R. Maharaj, Chief Executive Officer, received $2.3M in total, which increased by 4% compared to 2018. 35% of Maharaj's compensation, or $825K, was in option awards. Maharaj also received $392K in non-equity incentive plan, $568K in salary, $550K in stock awards, as well as $8.7K in other compensation.
For fiscal year 2019, the median employee pay was $62,073 at SurModics. Therefore, the ratio of Gary R. Maharaj's pay to the median employee pay was 38 to one.
Teryl W. Sides, Chief Marketing Officer, received a compensation package of $1.3M. 43% of the compensation package, or $550K, was in stock awards.
Bryan K. Phillips, General Counsel, earned $900K in 2019, a 7% decrease compared to previous year.
Thomas A. Greaney, Chief Operating Officer, received $847K in 2019, which decreases by 13% compared to 2018.
Timothy J. Arens, Chief Financial Officer, earned $817K in 2019, a 2% increase compared to previous year.
SurModics' fiscal year ends on September 30.
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Source: SEC filing on December 23, 2019.