Companies Co-Diagnostics, Inc.
Co-Diagnostics (CODX): executive pay, fiscal 2024
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CEO pay, last three years
- $1,261,300FY2023
- $716,917FY2024
CEO total pay was $716,917 in fiscal 2024, down from $1,261,300 in fiscal 2023.
FY2024: salary $391,667 · bonus $20,000 · stock awards $305,250 · option awards $0
Frequently asked questions
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Dwight Egan | $391,667 | $20,000 | $305,250 | $0 | $0 | $0 | $0 | $716,917 |
| President & Chief Executive Officer | ||||||||
| Brian Brown | 313,333 | 15,000 | 249,750 | 0 | 0 | 0 | 0 | 578,083 |
| Chief Financial Officer and Secretary | ||||||||
| Richard Abbott | 276,666 | 15,000 | 133,200 | 0 | 0 | 0 | 0 | 424,866 |
| President | ||||||||
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 |
|---|---|---|---|---|
| Dwight Egan | $716,917 | $1,261,300 | — | ↓ −544,383 |
| Brian Brown | 578,083 | 1,033,550 | — | ↓ −455,467 |
| Richard Abbott | 424,866 | — | — | — |
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
Our executive compensation programs are designed to attract, motivate and retain our named executive officers, who are critical to our success. Under these programs, our NEOs are rewarded for the achievement of both specific financial and strategic goals, which are expected to result in increased stockholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | false |
| 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 |
|---|---|---|---|---|
| Richard Abbott | RSU | 17,500 | — | $13,125 |
| Richard Abbott | RSU | 32,938 | — | 24,704 |
| Brian Brown | RSU | 37,500 | — | 28,125 |
| Brian Brown | RSU | 43,333 | — | 32,500 |
| Dwight Egan | RSU | 45,833 | — | 34,375 |
| Dwight Egan | RSU | 51,667 | — | 38,750 |
| Richard Abbott | RSU | 100,000 | — | 75,000 |
| Brian Brown | RSU | 112,500 | — | 84,375 |
| Dwight Egan | RSU | 137,500 | — | 103,125 |
| Brian Brown | RSU | 187,500 | — | 140,625 |
| Dwight Egan | RSU | 229,167 | — | 171,875 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Edward MurphyIndependent · Audit · Compensation · Governance · Nominating (Chair) | $100,000 | $122,100 | — | — | — | $222,100 |
| James NelsonIndependent · Audit · Compensation · Governance (Chair) · Nominating | 100,000 | 122,100 | — | — | — | 222,100 |
| Richard SerbinIndependent · Audit · Compensation (Chair) · Governance · Nominating | 100,000 | 122,100 | — | — | — | 222,100 |
| Eugene DurenardIndependent · Audit (Chair) · Compensation · Governance · Nominating | 100,000 | 122,100 | — | — | — | 222,100 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $122,100 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $400,000 |
| Equity awards (grant-date value) | $488,400 |
| All other compensation | $0 |
| Total cost of the board | $888,400 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Co-Diagnostics as a peer
Companies that benchmark against CODX
The list of companies that name CODX 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 | Co-Diagnostics, Inc. | 2024 | Dwight Egan | $391,667 | $305,250 | $0 | $0 | $716,917 |
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 (10 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, Dwight Egan. DEF 14A, filed 2025-04-14. Section “Executive Compensation” · page 14. As printed: 716,917. View filing ↗
- Section 01, Brian Brown. DEF 14A, filed 2025-04-14. Section “Executive Compensation” · page 14. As printed: 578,083. View filing ↗
- Section 01, Richard Abbott. DEF 14A, filed 2025-04-14. Section “Executive Compensation” · page 14. As printed: 424,866. View filing ↗
- Section 08, Edward Murphy. DEF 14A, filed 2025-04-14. Section “Director Compensation”. As printed: 222,100. View filing ↗
- Section 08, James Nelson. DEF 14A, filed 2025-04-14. Section “Director Compensation”. As printed: 222,100. View filing ↗
- Section 08, Richard Serbin. DEF 14A, filed 2025-04-14. Section “Director Compensation”. As printed: 222,100. View filing ↗
- Section 08, Eugene Durenard. DEF 14A, filed 2025-04-14. Section “Director Compensation”. As printed: 222,100. 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 400,000 + equity 488,400 + all other 0 = 888,400, summed across the director compensation table rows.
- Co-Diagnostics, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-04-14. CEO total compensation as printed in Co-Diagnostics, Inc.'s own proxy. As printed: 716,917. View filing ↗