Vericel CEO Dominick Colangelo's 2019 pay jumps 106% to $5.4M
Vericel reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Vericel reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, four Vericel executives received on average a compensation package of $2.9M, a 79% increase compared to previous year.
Average pay of disclosed executives at Vericel
Dominick C. Colangelo, Chief Executive Officer, received $5.4M in total, which increased by 106% compared to 2018. 70% of Colangelo's compensation, or $3.8M, was in option awards. Colangelo also received $510K in non-equity incentive plan, $634K in salary, $462K in stock awards, as well as $13K in other compensation.
For fiscal year 2019, the median employee pay was $173,338 at Vericel. Therefore, the ratio of Dominick C. Colangelo's pay to the median employee pay was 31 to one.
Gerard Michel, Chief Financial Officer, received a compensation package of $2.3M, which increased by 107% compared to previous year. 65% of the compensation package, or $1.5M, was in option awards.
Daniel Orlando, Chief Operating Officer, earned $2.1M in 2019, a 98% increase compared to previous year.
Michael Halpin, Chief Operating Officer, received $1.6M in 2019.
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Source: SEC filing on March 20, 2020.