CompBrief BY VELARION

Companies Atrion

Atrion (ATRI): executive pay, fiscal 2023

Free brief. Every figure links to the company’s own filing.

Atrion no longer files a proxy statement; its last pay data is FY2023.

All products and prices

CEO total pay$924,464CEO David Battat · source
Say-on-pay support98.25%Latest vote · source

CEO pay, last three years

  • $1,936,585FY2021
  • $1,541,376FY2022
  • $924,464FY2023

CEO total pay was $924,464 in fiscal 2023, down from $1,541,376 in fiscal 2022.

FY2023: salary $718,077 · bonus $0 · stock awards $0 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Atrion in fiscal 2023?
As disclosed, David Battat (President and Chief Executive Officer) was the highest-paid executive at Atrion in fiscal 2023, with total compensation of $924,464.
How did shareholders vote on Atrion's executive compensation?
As disclosed, 98.25% of shareholders supported Atrion's executive compensation in the latest say-on-pay vote.
How much does Atrion spend in total on board compensation for fiscal 2023?
As disclosed, Atrion reported total board compensation of $844,846 for fiscal 2023.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Battat$718,077$0$0$0$180,000$0$26,387$924,464
President and Chief Executive Officer
Jeffery Strickland92,3080000210,196600,593903,097
Former Vice President and Chief Financial Officer, Secretary and Treasurer
Cindy Ferguson283,9040445,920045,000034,347809,171
Vice President and Chief Financial Officer, Secretary, and Treasurer
Emile Battat600,000—————32,564632,564
Chairman

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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
David Battat$924,464$1,541,376$1,936,585↓ −616,912
Jeffery Strickland903,097370,5661,005,178↑ +532,531
Cindy Ferguson809,171———
Emile Battat632,564906,122666,548↓ −273,558

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 executives by aligning their interests with the long-term interests of stockholders, rewarding high-level corporate performance without encouraging excessive risk. The program consists of base salaries, annual cash incentive bonuses, and long-term equity awards, with a focus on balancing short-term goals with long-term stock price performance.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Cindy FergusonRSU2023-03-08——480—$300,000
Cindy FergusonRSU2023-11-24——480—145,920

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Cindy Ferguson$445,920$0$00.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
BattatRSU622—$235,516
Cindy FergusonRSU1,075—407,207
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John P. Stupp JrIndependent · Audit · Compensation (Chair)$80,000$124,000——$3,857$207,857
Ronald N. SpauldingIndependent · Lead Independent Director · Audit · Compensation · Corporate Governance (Chair)80,000124,000——0204,000
Hugh J. Morgan JrIndependent · Audit · Compensation · Not standing for re-election66,000124,000——0190,000
Preston G. AtheyIndependent · Audit (Chair) · Compensation80,00062,029——0142,029
Jeannette BankesIndependent18,29382,667——0100,960
Emile A. BattatEmployee director · Board Chair—————0
David A. BattatEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$66,000
Annual equity retainer$124,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)14,000 / 14,000 / 14,000
Stock ownership guideline—

Total cost of the board

ComponentFY2023
Cash retainers and fees$324,293
Equity awards (grant-date value)$516,696
All other compensation$3,857
Total cost of the board$844,846

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

Peer group, and who names Atrion as a peer

Companies that benchmark against ATRI

6 companies name ATRI as a compensation peer

Each company listed discloses ATRI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ATRI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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
1Atrion2023David Battat$718,077$0$0$180,000$924,464

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
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-201,360,09624,2129,29298.25%Passed
20232023-05-231,412,39512,8591,77699.1%Passed
20222022-05-241,492,67117,0394,99098.87%Passed
20212021-05-211,492,28841,2983,97397.31%Passed
20202020-05-211,505,18420,1805,99598.68%Passed
20192019-05-211,513,67212,9754,81599.15%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20242024-05-2098.25%a
20232023-05-2399.1%b
20222022-05-2498.87%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2024-05-20—2,011——2 insiders, 2 accrual rows
Dividend-equivalent accruals2024-05-21—1,244——4 insiders, 4 accrual rows
Dividend-equivalent accruals2024-07-01—622——2 insiders, 2 accrual rows
David A. BattatPresident & CEO2024-07-01A310.8900CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01D310.89452140,656CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01A310.8900CommonForm 4 ↗
Emile A. BattatDirector2024-07-01A310.89452140,656CommonForm 4 ↗
Emile A. BattatDirector2024-07-01A310.8900CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01D310.89452140,656CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21A1,276.2900CommonForm 4 ↗
Cindy FergusonOfficer / CFO2024-08-21D2,104.8100Derivative, Class A CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D879.12460404,395Derivative, Class A CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D135,00046062,100,000CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D8,9324604,108,720CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D6,3944602,941,240CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21D40,676.2946018,711,093CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21D55,50046025,530,000CommonForm 4 ↗
Emile A. BattatDirector2024-08-21D150,61646069,283,360CommonForm 4 ↗
Preston G. AtheyDirector2024-08-21D312.51460143,755Derivative, Class A CommonForm 4 ↗
Jeannette BankesDirector2024-08-21D18646085,560CommonForm 4 ↗
Cindy FergusonOfficer / CFO2024-08-21D11846054,280CommonForm 4 ↗
Dividend-equivalent accruals2024-08-21—1,473——2 insiders, 2 accrual rows
Jeannette BankesDirector2024-08-21A312.51460143,755Derivative, Class A CommonForm 4 ↗
Preston G. AtheyDirector2024-08-21D1,368460629,280CommonForm 4 ↗
Ronald N. SpauldingDirector2024-08-21D312.51460143,755Derivative, Class A CommonForm 4 ↗
Ronald N. SpauldingDirector2024-08-21D2,6784601,231,880CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 32 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Cindy FergusonOfficer / CFO2024-05-20A1,164.27$0$0Derivative, Class A CommonForm 4 ↗
David A. BattatPresident & CEO2024-05-20A846.7400Derivative, Class A CommonForm 4 ↗
Jeannette BankesDirector2024-05-21A31100Derivative, Class A CommonForm 4 ↗
Ronald N. SpauldingDirector2024-05-21A31100Derivative, Class A CommonForm 4 ↗
John P. Stupp JrDirector2024-05-21A31100Derivative, Class A CommonForm 4 ↗
Preston G. AtheyDirector2024-05-21A31100Derivative, Class A CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01A310.8900Derivative, Class A CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01A310.8900CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01D310.89452140,656CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01A310.8900CommonForm 4 ↗
Emile A. BattatDirector2024-07-01D310.8900Derivative, Class A CommonForm 4 ↗
Emile A. BattatDirector2024-07-01A310.89452140,656CommonForm 4 ↗
Emile A. BattatDirector2024-07-01A310.8900CommonForm 4 ↗
David A. BattatPresident & CEO2024-07-01D310.89452140,656CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21A1,276.2900CommonForm 4 ↗
Cindy FergusonOfficer / CFO2024-08-21D2,104.8100Derivative, Class A CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D879.12460404,395Derivative, Class A CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D135,00046062,100,000CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D8,9324604,108,720CommonForm 4 ↗
John P. Stupp JrDirector2024-08-21D6,3944602,941,240CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21D40,676.2946018,711,093CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21D55,50046025,530,000CommonForm 4 ↗
Emile A. BattatDirector2024-08-21D150,61646069,283,360CommonForm 4 ↗
Preston G. AtheyDirector2024-08-21D312.51460143,755Derivative, Class A CommonForm 4 ↗
Jeannette BankesDirector2024-08-21D18646085,560CommonForm 4 ↗
Cindy FergusonOfficer / CFO2024-08-21D11846054,280CommonForm 4 ↗
David A. BattatPresident & CEO2024-08-21D1,161.7200Derivative, Class A CommonForm 4 ↗
Emile A. BattatDirector2024-08-21D310.8700Derivative, Class A CommonForm 4 ↗
Jeannette BankesDirector2024-08-21A312.51460143,755Derivative, Class A CommonForm 4 ↗
Preston G. AtheyDirector2024-08-21D1,368460629,280CommonForm 4 ↗
Ronald N. SpauldingDirector2024-08-21D312.51460143,755Derivative, Class A CommonForm 4 ↗
Ronald N. SpauldingDirector2024-08-21D2,6784601,231,880CommonForm 4 ↗
Sources (52 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, David Battat. DEF 14A, filed 2024-04-09. Section “Summary Compensation Table”. As printed: 924,464. View filing ↗
  • Section 01, Jeffery Strickland. DEF 14A, filed 2024-04-09. Section “Summary Compensation Table”. As printed: 903,097. View filing ↗
  • Section 01, Cindy Ferguson. DEF 14A, filed 2024-04-09. Section “Summary Compensation Table”. As printed: 809,171. View filing ↗
  • Section 01, Emile Battat. DEF 14A, filed 2024-04-09. Section “Summary Compensation Table”. As printed: 632,564. View filing ↗
  • Section 03, Cindy Ferguson RSU. DEF 14A, filed 2024-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Cindy Ferguson RSU. DEF 14A, filed 2024-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 08, John P. Stupp Jr. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 207,857. View filing ↗
  • Section 08, Ronald N. Spaulding. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 204,000. View filing ↗
  • Section 08, Hugh J. Morgan Jr. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 190,000. View filing ↗
  • Section 08, Preston G. Athey. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 142,029. View filing ↗
  • Section 08, Jeannette Bankes. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 100,960. View filing ↗
  • Section 08, Emile A. Battat. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, David A. Battat. DEF 14A, filed 2024-04-09. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Cindy Ferguson 2024-05-20. Form 4, filed 2024-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-05-20. Form 4, filed 2024-05-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeannette Bankes 2024-05-21. Form 4, filed 2024-05-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ronald N. Spaulding 2024-05-21. Form 4, filed 2024-05-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Stupp Jr 2024-05-21. Form 4, filed 2024-05-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Preston G. Athey 2024-05-21. Form 4, filed 2024-05-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-07-01. Form 4, filed 2024-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-07-01. Form 4, filed 2024-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-07-01. Form 4, filed 2024-07-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-07-01. Form 4, filed 2024-07-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Emile A. Battat 2024-07-01. Form 4, filed 2024-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Emile A. Battat 2024-07-01. Form 4, filed 2024-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Emile A. Battat 2024-07-01. Form 4, filed 2024-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-07-01. Form 4, filed 2024-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Cindy Ferguson 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Stupp Jr 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Stupp Jr 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Stupp Jr 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, John P. Stupp Jr 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Emile A. Battat 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Preston G. Athey 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeannette Bankes 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Cindy Ferguson 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, David A. Battat 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Emile A. Battat 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeannette Bankes 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Preston G. Athey 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ronald N. Spaulding 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ronald N. Spaulding 2024-08-21. Form 4, filed 2024-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 98.25% (votes for as printed: 1,360,096). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-25. Item 5.07 · say-on-pay result. As reported: 99.1% (votes for as printed: 1,412,395). View filing ↗
  • Section 06, 2022 vote. Form 8-K, filed 2022-05-25. Item 5.07 · say-on-pay result. As reported: 98.87% (votes for as printed: 1,492,671). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 324,293 + equity 516,696 + all other 3,857 = 844,846, summed across the director compensation table rows.
  • Atrion (subject), Section 10b CEO total. DEF 14A, filed 2024-04-09. CEO total compensation as printed in Atrion's own proxy. As printed: 924,464. View filing ↗