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Companies Elevation Acquisition Group Inc.

Elevation Acquisition (ELEV): executive pay, fiscal 2024

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CEO total pay$2,326,372CEO Joseph Ferra · source

CEO pay, last three years

  • $1,246,870FY2023
  • $2,326,372FY2024

CEO total pay was $2,326,372 in fiscal 2024, up from $1,246,870 in fiscal 2023.

FY2024: salary $620,833 · bonus $0 · stock awards $277,000 · option awards $1,117,793

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Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joseph Ferra$620,833$0$277,000$1,117,793$294,896$0$15,850$2,326,372
President and Chief Executive Officer
Valerie Jansen499,6320193,900419,172190,859015,8501,319,413
Chief Medical Officer
David Dornan456,0000103,875419,172174,192011,8501,165,089
Chief Scientific Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Joseph Ferra$2,326,372$1,246,870—↑ +1,079,502
Valerie Jansen1,319,413841,810—↑ +477,603
David Dornan1,165,089774,021—↑ +391,068

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The company's compensation program is designed to attract, retain, and motivate executive officers by providing a competitive mix of base salary, annual cash bonuses, and long-term equity incentives. Annual bonuses are based on the achievement of corporate and individual performance objectives, while equity awards are granted to align executive interests with stockholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantAlpine Rewards
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Valerie JansenOption8,3347.58—
Valerie JansenOption13,2213.09—
Joseph FerraOption17,5003.78—
Valerie JansenOption17,5003.78—
Joseph FerraOption22,6051.51—
Joseph FerraRSU25,123—14,144
Joseph FerraOption31,13816—
Valerie JansenOption35,2090.75—
David DornanOption35,2090.75—
David DornanRSU37,500—21,113
David DornanOption52,7082.52—
Joseph FerraOption65,0000.75—
Valerie JansenRSU70,000—39,410
Valerie JansenOption70,4170.98—
David DornanOption70,4170.98—
Joseph FerraRSU100,000—56,300
Joseph FerraOption146,2500.98—
Valerie JansenOption225,0002.77—
David DornanOption225,0002.77—
Joseph FerraOption600,0002.77—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Julie M. Cherrington, Ph.DIndependent$43,789$0$245,002——$288,791
Alan B. Sandler, M.DIndependent40,0940245,002——285,096
Darcy Mootz, Ph.DIndependent · Audit · Compensation48,4170182,483——230,900
Steven A. ElmsIndependent · Nominating and Corporate Governance (Chair) · Audit85,761083,305——169,066
R. Michael CarruthersIndependent · Audit (Chair) · Compensation58,694083,305——141,999
Timothy P. Clackson, Ph.DIndependent55,783083,305——139,088
Lori HuNot independent · Departed during FY13,44700——13,447
Joseph J. Ferra JrEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 8,000
Stock ownership guideline—

Total cost of the board

ComponentFY2024
Cash retainers and fees$345,985
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$345,985

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Elevation Acquisition as a peer

Companies that benchmark against ELEV

1 company names ELEV as a compensation peer

The list of companies that name ELEV as a peer is temporarily unavailable — recheck shortly.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Elevation Acquisition Group Inc.2024Joseph Ferra$620,833$277,000$1,117,793$294,896$2,326,372

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Say-on-pay history and pay ratio

No say-on-pay vote is on file for this company.

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (14 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Joseph Ferra. DEF 14A, filed 2025-04-24. Section “Executive Compensation”. As printed: 2,326,372. View filing ↗
  • Section 01, Valerie Jansen. DEF 14A, filed 2025-04-24. Section “Executive Compensation”. As printed: 1,319,413. View filing ↗
  • Section 01, David Dornan. DEF 14A, filed 2025-04-24. Section “Executive Compensation”. As printed: 1,165,089. View filing ↗
  • Section 08, Julie M. Cherrington, Ph.D. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 288,791. View filing ↗
  • Section 08, Alan B. Sandler, M.D. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 285,096. View filing ↗
  • Section 08, Darcy Mootz, Ph.D. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 230,900. View filing ↗
  • Section 08, Steven A. Elms. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 169,066. View filing ↗
  • Section 08, R. Michael Carruthers. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 141,999. View filing ↗
  • Section 08, Timothy P. Clackson, Ph.D. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 139,088. View filing ↗
  • Section 08, Lori Hu. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 13,447. View filing ↗
  • Section 08, Joseph J. Ferra Jr. DEF 14A, filed 2025-04-24. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 345,985 + equity 0 + all other 0 = 345,985, summed across the director compensation table rows.
  • Elevation Acquisition Group Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-04-24. CEO total compensation as printed in Elevation Acquisition Group Inc.'s own proxy. As printed: 2,326,372. View filing ↗
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