VirnetX Holding CEO Kendall Larsen's 2018 pay jumps 46% to $1.9M
VirnetX Holding reports 2018 executive compensation
By ExecPay News
Published: April 11, 2019
VirnetX Holding reported fiscal year 2018 executive compensation information on April 11, 2019.
In 2018, three executives at VirnetX Holding received on average a compensation package of $1.1M, a 38% decrease compared to previous year.
Average pay of disclosed executives at VirnetX Holding
Kendall Larsen, Chief Executive Officer, received $1.9M in total, which increased by 46% compared to 2017. 38% of Larsen's compensation, or $697K, was in salary. Larsen also received $406K in bonus, $665K in option awards, as well as $85K in stock awards.
For fiscal year 2018, the median employee pay was $447,627 at VirnetX Holding. Therefore, the ratio of Kendall Larsen's pay to the median employee pay was 4 to one.
Robert D. Short III, Chief Technology Officer, received a compensation package of $1.1M, which decreased by 71% compared to previous year. 39% of the compensation package, or $413K, was in salary.
Richard H. Nance, Chief Financial Officer, earned $316K in 2018, a 9% increase compared to previous year.
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Source: SEC filing on April 11, 2019.