Fiscal year 2023 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.
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.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| David Battat | $718,077 | $0 | $0 | $0 | $180,000 | $0 | $26,387 | $924,464 |
| President and Chief Executive Officer | ||||||||
| Jeffery Strickland | 92,308 | 0 | 0 | 0 | 0 | 210,196 | 600,593 | 903,097 |
| Former Vice President and Chief Financial Officer, Secretary and Treasurer | ||||||||
| Cindy Ferguson | 283,904 | 0 | 445,920 | 0 | 45,000 | 0 | 34,347 | 809,171 |
| Vice President and Chief Financial Officer, Secretary, and Treasurer | ||||||||
| Emile Battat | 600,000 | 0 | 0 | 0 | 0 | 0 | 32,564 | 632,564 |
| 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.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| David Battat | $924,464 | $1,541,376 | $1,936,585 | −616,912 |
| Jeffery Strickland | 903,097 | 370,566 | 1,005,178 | +532,531 |
| Cindy Ferguson | 809,171 | — | — | — |
| Emile Battat | 632,564 | 906,122 | 666,548 | −273,558 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Cindy Ferguson | RSU | 2023-03-08 | — | — | 480 | — | $300,000 |
| Cindy Ferguson | RSU | 2023-11-24 | — | — | 480 | — | 145,920 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Cindy Ferguson | $445,920 | $0 | $0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Battat | RSU | 622 | — | $235,516 |
| Cindy Ferguson | RSU | 1,075 | — | 407,207 |
The medical device industry is very competitive, and our executive compensation program is intended to attract, retain, and motivate executives who lead our business and to align their interests with the long-term interests of our stockholders. The principal elements of our program are base salaries, annual cash incentive bonuses, and long-term incentives in the form of equity awards.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | true |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John P. Stupp JrIndependent · Audit · Compensation (Chair) · Corporate Governance | $80,000 | $124,000 | $0 | — | $3,857 | $207,857 |
| Ronald N. SpauldingIndependent · Lead Independent Director · Audit · Compensation · Corporate Governance (Chair) | 80,000 | 124,000 | 0 | — | 0 | 204,000 |
| Hugh J. Morgan JrIndependent · Audit · Compensation · Not standing for re-election | 66,000 | 124,000 | 0 | — | 0 | 190,000 |
| Preston G. AtheyIndependent · Audit (Chair) · Compensation · Corporate Governance | 80,000 | 62,029 | 0 | — | 0 | 142,029 |
| Jeannette BankesIndependent · Corporate Governance · Newly elected | 18,293 | 82,667 | 0 | — | 0 | 100,960 |
| Emile A. BattatEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| David A. BattatEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $66,000 |
|---|---|
| Annual equity retainer | $124,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 14,000 |
| Stock ownership guideline | $500,000 |
| Component | FY2023 |
|---|---|
| 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.
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 | Atrion | 2023 | David 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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, David Battat | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Summary Compensation Table” · page 27. As printed: 924,464. Filing ↗machine: r12 · c47 · span 467910–467917 |
| 2 | Section 01, Jeffery Strickland | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Summary Compensation Table” · page 27. As printed: 903,097. Filing ↗machine: r8 · c47 · span 500883–500890 |
| 3 | Section 01, Cindy Ferguson | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Summary Compensation Table” · page 27. As printed: 809,171. Filing ↗machine: r4 · c47 · span 482243–482250 |
| 4 | Section 01, Emile Battat | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Summary Compensation Table” · page 27. As printed: 632,564. Filing ↗machine: r12 · c47 · span 520452–520459 |
| 5 | Section 03, Cindy Ferguson RSU | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t12 · r2 · c5 · span 394892–394899 |
| 6 | Section 03, Cindy Ferguson RSU | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t16 · r4 · c26 · span 555437–555444 |
| 7 | Section 08, John P. Stupp Jr | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 207,857. Filing ↗machine: t10 · r5 · c23 · span 329860–329867 |
| 8 | Section 08, Ronald N. Spaulding | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 204,000. Filing ↗machine: t10 · r4 · c23 · span 326581–326588 |
| 9 | Section 08, Hugh J. Morgan Jr | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 190,000. Filing ↗machine: t10 · r3 · c20 · span 323950–323957 |
| 10 | Section 08, Preston G. Athey | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 142,029. Filing ↗machine: t10 · r1 · c20 · span 318546–318553 |
| 11 | Section 08, Jeannette Bankes | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 100,960. Filing ↗machine: t10 · r2 · c20 · span 321105–321112 |
| 12 | Section 08, Emile A. Battat | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 08, David A. Battat | DEF 14A | 2024-04-09 | 0001104659-24-044922 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 15 | Section 03b vehicle mix (computed) | 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 |
| 16 | Section 09b board cost (computed) | 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 |
| 17 | Atrion (subject), Section 10b CEO total | DEF 14A | 2024-04-09 | 0001104659-24-044922 | CEO total compensation as printed in Atrion's own proxy. As printed: 924,464. Filing ↗machine: r12 · c47 · span 467910–467917 |