Companies Elevation Acquisition Group Inc.
Elevation Acquisition (ELEV): executive pay, fiscal 2024
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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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Joseph Ferra | $620,833 | $0 | $277,000 | $1,117,793 | $294,896 | $0 | $15,850 | $2,326,372 |
| President and Chief Executive Officer | ||||||||
| Valerie Jansen | 499,632 | 0 | 193,900 | 419,172 | 190,859 | 0 | 15,850 | 1,319,413 |
| Chief Medical Officer | ||||||||
| David Dornan | 456,000 | 0 | 103,875 | 419,172 | 174,192 | 0 | 11,850 | 1,165,089 |
| 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 officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Joseph Ferra | $2,326,372 | $1,246,870 | — | ↑ +1,079,502 |
| Valerie Jansen | 1,319,413 | 841,810 | — | ↑ +477,603 |
| David Dornan | 1,165,089 | 774,021 | — | ↑ +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 consultant | Alpine Rewards |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Valerie Jansen | Option | 8,334 | 7.58 | — |
| Valerie Jansen | Option | 13,221 | 3.09 | — |
| Joseph Ferra | Option | 17,500 | 3.78 | — |
| Valerie Jansen | Option | 17,500 | 3.78 | — |
| Joseph Ferra | Option | 22,605 | 1.51 | — |
| Joseph Ferra | RSU | 25,123 | — | 14,144 |
| Joseph Ferra | Option | 31,138 | 16 | — |
| Valerie Jansen | Option | 35,209 | 0.75 | — |
| David Dornan | Option | 35,209 | 0.75 | — |
| David Dornan | RSU | 37,500 | — | 21,113 |
| David Dornan | Option | 52,708 | 2.52 | — |
| Joseph Ferra | Option | 65,000 | 0.75 | — |
| Valerie Jansen | RSU | 70,000 | — | 39,410 |
| Valerie Jansen | Option | 70,417 | 0.98 | — |
| David Dornan | Option | 70,417 | 0.98 | — |
| Joseph Ferra | RSU | 100,000 | — | 56,300 |
| Joseph Ferra | Option | 146,250 | 0.98 | — |
| Valerie Jansen | Option | 225,000 | 2.77 | — |
| David Dornan | Option | 225,000 | 2.77 | — |
| Joseph Ferra | Option | 600,000 | 2.77 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Julie M. Cherrington, Ph.DIndependent | $43,789 | $0 | $245,002 | — | — | $288,791 |
| Alan B. Sandler, M.DIndependent | 40,094 | 0 | 245,002 | — | — | 285,096 |
| Darcy Mootz, Ph.DIndependent · Audit · Compensation | 48,417 | 0 | 182,483 | — | — | 230,900 |
| Steven A. ElmsIndependent · Nominating and Corporate Governance (Chair) · Audit | 85,761 | 0 | 83,305 | — | — | 169,066 |
| R. Michael CarruthersIndependent · Audit (Chair) · Compensation | 58,694 | 0 | 83,305 | — | — | 141,999 |
| Timothy P. Clackson, Ph.DIndependent | 55,783 | 0 | 83,305 | — | — | 139,088 |
| Lori HuNot independent · Departed during FY | 13,447 | 0 | 0 | — | — | 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
| Component | FY2024 |
|---|---|
| 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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Elevation Acquisition Group Inc. | 2024 | Joseph 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 ↗