CompBrief BY VELARION

Companies AVADEL PHARMACEUTICALS PLC

AVADEL PHARMACEUTICALS (AVDL): executive pay, fiscal 2024

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

Email me AVADEL PHARMACEUTICALS PLC’s executive pay brief as a PDF

It arrives in about 2 minutes, with every figure cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

CEO total pay$7,399,605CEO Gregory Divis · source
CEO vs. named peers31st pct.Of 16 peer CEOs
CEO pay ratio27:1To the median employee · source

CEO pay, last three years

  • $753,687FY2022
  • $985,200FY2023
  • $7,399,605FY2024

CEO total pay was $7,399,605 in fiscal 2024, up from $985,200 in fiscal 2023.

FY2024: salary $651,600 · bonus $0 · stock awards $0 · option awards $6,722,205

Order AVDL

Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.

Receipt, invoice, and report delivery. Guest checkout, no account required, secure payment by Stripe.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Gregory Divis$651,600$0$0$6,722,205$0$0$25,800$7,399,605
Chief Executive Officer
Richard Kim472,328001,646,940109,4380525,5952,754,301
Former Chief Commercial Officer
Thomas McHugh465,372001,764,57952,354012,3932,294,698
Chief Financial Officer
Jerad Seurer420,000001,400,459200,900013,8002,035,159
General Counsel & Corporate Secretary

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
Gregory Divis$7,399,605$985,200$753,687↑ +6,414,405
Richard Kim2,754,301770,953548,444↑ +1,983,348
Thomas McHugh2,294,698663,144525,999↑ +1,631,554
Jerad Seurer2,035,159———

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 Compensation Committee’s executive compensation programs are designed to attract, retain and motivate executives with significant industry knowledge and the experience and leadership capability necessary for us to achieve success; align incentives for our named executive officers with our corporate strategies and business objectives and goals; and achieve key strategic performance measures aligned with the long-term interests of our shareholders.

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

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gregory DivisOPTION2024-02-20——600,000—$6,722,205
Richard KimOPTION2024-02-20——147,000—1,646,940
Thomas McHughOPTION2024-02-20——157,500—1,764,579
Jerad SeurerOPTION2024-02-20——125,000—1,400,459

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Gregory Divis$0$0$6,722,2050.0%
Richard Kim001,646,9400.0%
Thomas McHugh001,764,5790.0%
Jerad Seurer001,400,4590.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jerad SeurerOption11,8758.2—
Thomas McHughOption37,5008.2—
Gregory DivisOption77,5008.2—
Jerad SeurerOption125,00013.57—
Thomas McHughOption157,50013.57—
Gregory DivisOption600,00013.57—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dr. Naseem S. AminIndependent · Compensation · Nominating and Corporate Governance$34,207$179,520$797,548——$1,011,275
Linda S. PalczukIndependent · Compensation (Chair) · Nominating and Corporate Governance84,600179,520370,380——634,500
Geoffrey M. GlassIndependent · Board Chair · Audit · Nominating and Corporate Governance102,100179,520145,357——426,977
Peter J. ThorntonIndependent · Audit (Chair) · Compensation79,600179,520145,357——404,477
Dr. Eric J. EndeIndependent · Audit · Nominating and Corporate Governance (Chair)72,100179,520145,357——396,977
Dr. Mark A. McCamishIndependent · Audit · Compensation69,600179,520145,357——394,477

Board fee structure and ownership guideline

Annual cash retainer$52,100
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)10,000 / 15,000 / 10,000
Stock ownership guideline$156,300

Total cost of the board

ComponentFY2024
Cash retainers and fees$442,207
Equity awards (grant-date value)$1,077,120
All other compensation$0
Total cost of the board$1,519,327

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

Peer group, and who names AVADEL PHARMACEUTICALS as a peer

Companies that benchmark against AVDL

1 company names AVDL as a compensation peer

Each company listed discloses AVDL 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 AVDL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies AVADEL PHARMACEUTICALS PLC names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including AVADEL PHARMACEUTICALS PLC.

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
1TG Therapeutics, Inc.2025Michael Weiss$875,000$23,550,000$0$1,146,250$25,571,250
2Harrow, Inc.2025Mark Baum754,91022,294,8730542,49123,606,274
3Rhythm Pharmaceuticals, Inc.2025David Meeker807,6928,274,7857,688,560759,48817,544,525
4Mirum Pharmaceuticals, Inc.2025Christopher Peetz755,0003,683,9044,931,3201,057,00010,441,224
5Axsome Therapeutics, Inc.2025Herriot Tabuteau835,0005,533,5542,833,237876,75010,283,492
6Amicus Therapeutics, Inc.2024Bradley Campbell767,3084,990,3652,105,62708,526,943
7Dynavax Technologies Corporation2024Ryan Spencer835,0014,902,1501,824,299641,9078,210,775
8Harmony Biosciences Holdings, Inc.2025Jeffrey Dayno743,6001,976,5204,599,000558,0007,899,535
9Ardelyx, Inc.2025Michael Raab797,0002,953,7243,413,948627,6387,796,171
10Catalyst Pharmaceuticals, Inc.2024Richard Daly750,0001,267,6015,070,83007,774,160
11Liquidia Corporation2025Roger Jeffs824,0005,590,99201,254,4007,712,736
12AVADEL PHARMACEUTICALS PLC2024Gregory Divis651,60006,722,20507,399,605
13Arcutis Biotherapeutics, Inc.2025Todd Franklin Watanabe713,3332,067,1903,848,958579,5847,223,065
14Sage Therapeutics, Inc.2024Barry Greene830,7123,164,3642,669,263431,9707,112,589
15Deciphera Pharmaceuticals, Inc.2023Steven Hoerter738,2001,935,0002,837,100487,2126,010,712
16Anika Therapeutics, Inc.2025Stephen Griffin500,0001,215,222002,033,370
17Collegium Pharmaceutical, Inc.2025Vikram Karnani875,00000835,4061,715,846

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
AVADEL PHARMACEUTICALS PLCnot disclosednot disclosednot disclosedAon
Amicus Therapeutics, Inc.not disclosedOption 33 · RSU 33 · PRSU 33Yes — TSR GoalPay Governance
Anika Therapeutics, Inc.100%PSU 67 · RSU 33NoWillis Towers Watson
Arcutis Biotherapeutics, Inc.125%not disclosedNoPay Governance LLC
Ardelyx, Inc.105%Options 50 · RSU 50not disclosedPearl Meyer
Axsome Therapeutics, Inc.150%RSU 33 · Options 33 · PSU 33NoFrederic W. Cook & Co., Inc.
Catalyst Pharmaceuticals, Inc.not disclosednot disclosednot disclosedMercer LLC
Collegium Pharmaceutical, Inc.127.3%RSU 70 · PSU 30Yes — relative ranking of the total shareholder return (TSR) of the Company's common stock in 2025, 2026, 2027 and the cumulative three-year performance period (2025-2027) return relative to the TSR of peer companies within the S&P Pharmaceutical Select Industry IndexAlpine Rewards, LLC
Deciphera Pharmaceuticals, Inc.110%Option 50 · PSU 50 · RSU 25NoPearl Meyer & Partners, LLC
Dynavax Technologies Corporation102.5%Options 34 · RSU 33 · PSU 33Yes — Relative Total Stockholder Return (rTSR) ranking vs. Nasdaq Biotechnology IndexAlpine
Harmony Biosciences Holdings, Inc.100%not disclosednot disclosedPay Governance
Harrow, Inc.100%not disclosedNoMercer, Inc.
Liquidia Corporationnot disclosedRSU 50 · PSU 50not disclosedFW Cook
Mirum Pharmaceuticals, Inc.200%Option 47.2 · PSU 17.6 · RSU 17.6NoAlpine Rewards
Rhythm Pharmaceuticals, Inc.120%Options 50 · RSU 50NoPay Governance
Sage Therapeutics, Inc.80%not disclosedYes — TSR milestones / Relative TSR vs. Nasdaq Biotechnology IndexAlpine Rewards
TG Therapeutics, Inc.131%RSU 100NoCompensia, Inc.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

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

CEO pay ratio

Ratio (CEO : median employee)27 : 1
CEO total compensation$7,399,605
Median employee compensation$271,964
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (51 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, Gregory Divis. DEF 14A, filed 2025-06-18. Section “Executive Compensation”. As printed: 7,399,605. View filing ↗
  • Section 01, Richard Kim. DEF 14A, filed 2025-06-18. Section “Executive Compensation”. As printed: 2,754,301. View filing ↗
  • Section 01, Thomas McHugh. DEF 14A, filed 2025-06-18. Section “Executive Compensation”. As printed: 2,294,698. View filing ↗
  • Section 01, Jerad Seurer. DEF 14A, filed 2025-06-18. Section “Executive Compensation”. As printed: 2,035,159. View filing ↗
  • Section 03, Gregory Divis OPTION. DEF 14A, filed 2025-06-18. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Kim OPTION. DEF 14A, filed 2025-06-18. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas McHugh OPTION. DEF 14A, filed 2025-06-18. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jerad Seurer OPTION. DEF 14A, filed 2025-06-18. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-06-18. Section “CEO Pay Ratio”. As printed: 27 : 1. View filing ↗
  • Section 08, Dr. Naseem S. Amin. DEF 14A, filed 2025-06-18. Section “Director Compensation”. As printed: 1,011,275. View filing ↗
  • Section 08, Linda S. Palczuk. DEF 14A, filed 2025-06-18. Section “Director Compensation”. As printed: 634,500. View filing ↗
  • Section 08, Geoffrey M. Glass. DEF 14A, filed 2025-06-18. Section “Director Compensation”. As printed: 426,977. View filing ↗
  • Section 08, Peter J. Thornton. DEF 14A, filed 2025-06-18. Section “Director Compensation”. As printed: 404,477. View filing ↗
  • Section 08, Dr. Eric J. Ende. DEF 14A, filed 2025-06-18. Section “Director Compensation”. As printed: 396,977. View filing ↗
  • Section 08, Dr. Mark A. McCamish. DEF 14A, filed 2025-06-18. Section “Director Compensation”. As printed: 394,477. 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 442,207 + equity 1,077,120 + all other 0 = 1,519,327, summed across the director compensation table rows.
  • TG Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in TG Therapeutics, Inc.'s own proxy. As printed: 25,571,250. View filing ↗
  • Harrow, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Harrow, Inc.'s own proxy. As printed: 23,606,274. View filing ↗
  • Rhythm Pharmaceuticals, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Rhythm Pharmaceuticals, Inc.'s own proxy. As printed: 17,544,525. View filing ↗
  • Mirum Pharmaceuticals, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Mirum Pharmaceuticals, Inc.'s own proxy. As printed: 10,441,224. View filing ↗
  • Axsome Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Axsome Therapeutics, Inc.'s own proxy. As printed: 10,283,492. View filing ↗
  • Amicus Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-24. CEO total compensation as printed in Amicus Therapeutics, Inc.'s own proxy. As printed: 8,526,943. View filing ↗
  • Dynavax Technologies Corporation, Section 10b CEO total. DEF 14A, filed 2025-04-17. CEO total compensation as printed in Dynavax Technologies Corporation's own proxy. As printed: 8,210,775. View filing ↗
  • Harmony Biosciences Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Harmony Biosciences Holdings, Inc.'s own proxy. As printed: 7,899,535. View filing ↗
  • Ardelyx, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Ardelyx, Inc.'s own proxy. As printed: 7,796,171. View filing ↗
  • Catalyst Pharmaceuticals, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-11. CEO total compensation as printed in Catalyst Pharmaceuticals, Inc.'s own proxy. As printed: 7,774,160. View filing ↗
  • Liquidia Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Liquidia Corporation's own proxy. As printed: 7,712,736. View filing ↗
  • AVADEL PHARMACEUTICALS PLC (subject), Section 10b CEO total. DEF 14A, filed 2025-06-18. CEO total compensation as printed in AVADEL PHARMACEUTICALS PLC's own proxy. As printed: 7,399,605. View filing ↗
  • Arcutis Biotherapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Arcutis Biotherapeutics, Inc.'s own proxy. As printed: 7,223,065. View filing ↗
  • Sage Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-24. CEO total compensation as printed in Sage Therapeutics, Inc.'s own proxy. As printed: 7,112,589. View filing ↗
  • Deciphera Pharmaceuticals, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-25. CEO total compensation as printed in Deciphera Pharmaceuticals, Inc.'s own proxy. As printed: 6,010,712. View filing ↗
  • Anika Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Anika Therapeutics, Inc.'s own proxy. As printed: 2,033,370. View filing ↗
  • Collegium Pharmaceutical, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Collegium Pharmaceutical, Inc.'s own proxy. As printed: 1,715,846. View filing ↗
  • Section 10a, Axsome Therapeutics, Inc. reciprocity. DEF 14A. Axsome Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Dynavax Technologies Corporation reciprocity. DEF 14A. Dynavax Technologies Corporation's most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Arcutis Biotherapeutics, Inc. reciprocity. DEF 14A. Arcutis Biotherapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Liquidia Corporation reciprocity. DEF 14A. Liquidia Corporation's most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Anika Therapeutics, Inc. reciprocity. DEF 14A. Anika Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Collegium Pharmaceutical, Inc. reciprocity. DEF 14A. Collegium Pharmaceutical, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Amicus Therapeutics, Inc. reciprocity. DEF 14A. Amicus Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Harmony Biosciences Holdings, Inc. reciprocity. DEF 14A. Harmony Biosciences Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Harrow, Inc. reciprocity. DEF 14A. Harrow, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Ardelyx, Inc. reciprocity. DEF 14A. Ardelyx, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Mirum Pharmaceuticals, Inc. reciprocity. DEF 14A. Mirum Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Catalyst Pharmaceuticals, Inc. reciprocity. DEF 14A. Catalyst Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Rhythm Pharmaceuticals, Inc. reciprocity. DEF 14A. Rhythm Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Sage Therapeutics, Inc. reciprocity. DEF 14A. Sage Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, Deciphera Pharmaceuticals, Inc. reciprocity. DEF 14A. Deciphera Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
  • Section 10a, TG Therapeutics, Inc. reciprocity. DEF 14A. TG Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include AVADEL PHARMACEUTICALS PLC. View filing ↗
Get the full report — $1,500