Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-08-21

Atrion (ATRI)

CEO David Battat was paid $924,464 in fiscal year 2023, ↓ down 40.0% from fiscal year 2022 (SEC filing 0001104659-24-044922 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$924,464 ↓
David Battat total, FY2023
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.25%
Say-on-pay support, latest vote

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Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- David Battat (President and Chief Executive Officer), FY2023 total compensation $924,464 (base salary $718,077) [exec_comp, SEC accession 0001104659-24-044922, filed 2024-04-09]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

01

Summary Compensation Table — fiscal year 2023

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.

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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.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2023 total
Hugh J. Morgan JrIndependent Director$190,000
Jeannette BankesIndependent Director$100,960
John P. Stupp JrIndependent Director$207,857
Preston G. AtheyIndependent Director$142,029
Ronald N. SpauldingLead Independent Director$204,000
02

Equity transactions since the proxy statement was filed

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 ↗
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 & CEO2024-08-21A1,276.2900CommonForm 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 ↗
John P. Stupp JrDirector2024-05-21A31100Derivative, Class A CommonForm 4 ↗
Preston G. AtheyDirector2024-05-21A31100Derivative, Class A CommonForm 4 ↗
Ronald N. SpauldingDirector2024-05-21A31100Derivative, 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 ↗
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 & CEO2024-08-21A1,276.2900CommonForm 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 ↗
03

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
03b

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.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
BattatRSU622—$235,516
Cindy FergusonRSU1,075—407,207
05

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
06

Say-on-pay — recent advisory votes

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.

08

Director compensation — fiscal year 2023

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
09

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—
09b

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.

10b

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.

10d

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David BattatDEF 14A2024-04-090001104659-24-044922Section “Summary Compensation Table”. As printed: 924,464. Filing ↗machine: r1 · c47 · span 467910–467917
2Section 01, Jeffery StricklandDEF 14A2024-04-090001104659-24-044922Section “Summary Compensation Table”. As printed: 903,097. Filing ↗machine: r8 · c47 · span 500883–500890
3Section 01, Cindy FergusonDEF 14A2024-04-090001104659-24-044922Section “Summary Compensation Table”. As printed: 809,171. Filing ↗machine: r4 · c47 · span 482243–482250
4Section 01, Emile BattatDEF 14A2024-04-090001104659-24-044922Section “Summary Compensation Table”. As printed: 632,564. Filing ↗
5Section 03, Cindy Ferguson RSUDEF 14A2024-04-090001104659-24-044922Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t12 · r2 · c5 · span 394892–394899
6Section 03, Cindy Ferguson RSUDEF 14A2024-04-090001104659-24-044922Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t16 · r4 · c26 · span 555437–555444
7Section 08, John P. Stupp JrDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 207,857. Filing ↗machine: span 329860–329867
8Section 08, Ronald N. SpauldingDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 204,000. Filing ↗machine: span 326581–326588
9Section 08, Hugh J. Morgan JrDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 190,000. Filing ↗machine: span 323950–323957
10Section 08, Preston G. AtheyDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 142,029. Filing ↗machine: span 318546–318553
11Section 08, Jeannette BankesDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 100,960. Filing ↗machine: span 321105–321112
12Section 08, Emile A. BattatDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, David A. BattatDEF 14A2024-04-090001104659-24-044922Section “Director Compensation”. As printed: 0. Filing ↗
14Section 02, Cindy Ferguson 2024-05-20Form 42024-05-220001963160-24-000003Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, David A. Battat 2024-05-20Form 42024-05-220001400964-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Jeannette Bankes 2024-05-21Form 42024-05-230001920839-24-000001Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, John P. Stupp Jr 2024-05-21Form 42024-05-230001085535-24-000003Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Preston G. Athey 2024-05-21Form 42024-05-230001700366-24-000001Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Ronald N. Spaulding 2024-05-21Form 42024-05-230001403233-24-000001Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, David A. Battat 2024-07-01Form 42024-07-010001400964-24-000003Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, David A. Battat 2024-07-01Form 42024-07-010001400964-24-000003Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, David A. Battat 2024-07-01Form 42024-07-110001400964-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, David A. Battat 2024-07-01Form 42024-07-110001400964-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Emile A. Battat 2024-07-01Form 42024-07-010001221109-24-000001Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Emile A. Battat 2024-07-01Form 42024-07-010001221109-24-000001Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Emile A. Battat 2024-07-01Form 42024-07-010001221109-24-000001Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, David A. Battat 2024-07-01Form 42024-07-010001400964-24-000003Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Cindy Ferguson 2024-08-21Form 42024-08-210001963160-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, John P. Stupp Jr 2024-08-21Form 42024-08-210001085535-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, John P. Stupp Jr 2024-08-21Form 42024-08-210001085535-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, John P. Stupp Jr 2024-08-21Form 42024-08-210001085535-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, John P. Stupp Jr 2024-08-21Form 42024-08-210001085535-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, David A. Battat 2024-08-21Form 42024-08-210001400964-24-000005Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, David A. Battat 2024-08-21Form 42024-08-210001400964-24-000005Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, David A. Battat 2024-08-21Form 42024-08-210001400964-24-000005Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Emile A. Battat 2024-08-21Form 42024-08-210001221109-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Preston G. Athey 2024-08-21Form 42024-08-210001700366-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jeannette Bankes 2024-08-21Form 42024-08-210001920839-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Cindy Ferguson 2024-08-21Form 42024-08-210001963160-24-000004Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, David A. Battat 2024-08-21Form 42024-08-210001400964-24-000005Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Emile A. Battat 2024-08-21Form 42024-08-210001221109-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jeannette Bankes 2024-08-21Form 42024-08-210001920839-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Preston G. Athey 2024-08-21Form 42024-08-210001700366-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Ronald N. Spaulding 2024-08-21Form 42024-08-210001403233-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Ronald N. Spaulding 2024-08-21Form 42024-08-210001403233-24-000002Insider equity transaction reported since the proxy statement. Filing ↗
46Section 06, 2024 voteForm 8-K2024-05-240001104659-24-065118Item 5.07 · say-on-pay result. As reported: 98.25% (votes for as printed: 1,360,096). Filing ↗
47Section 06, 2023 voteForm 8-K2023-05-250001104659-23-064693Item 5.07 · say-on-pay result. As reported: 99.1% (votes for as printed: 1,412,395). Filing ↗
48Section 06, 2022 voteForm 8-K2022-05-250001104659-22-064576Item 5.07 · say-on-pay result. As reported: 98.87% (votes for as printed: 1,492,671). Filing ↗
49Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
50Section 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).machine: formula: sums + PSU ratio
51Section 09b board cost (computed)Computed——Cash 324,293 + equity 516,696 + all other 3,857 = 844,846, summed across the director compensation table rows.machine: formula: Σ = 844,846
52Atrion (subject), Section 10b CEO totalDEF 14A2024-04-090001104659-24-044922CEO total compensation as printed in Atrion's own proxy. As printed: 924,464. Filing ↗machine: r1 · c47 · span 467910–467917

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