Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-04-29

Cutera (CUTR)

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.

$7,279,813
Taylor Harris total, FY2023
80th
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against CUTR
5 companies name CUTR as a compensation peer

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

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Taylor Harris$271,023$0$2,747,682$4,250,008$0$0$11,100$7,279,813
Chief Executive Officer and Director
David Mowry194,5230663,2650376,5530480,5621,714,903
Former Chief Executive Officer
Sheila Hopkins225,4020696,36674,996225,402054,1251,276,291
Former Interim Chief Executive Officer
Michael Karavitis457,496101,250268,622125,000248,218001,200,586
Executive Vice President, Chief Technology Officer
Stuart Drummond293,03027,50094,368209,087000623,985
Interim Chief Financial Officer
Jeffrey Jones128,472045,163187,505000361,140
Chief Operating Officer
Rohan Seth158,4380191,0970000349,535
Former Chief Financial Officer
Daniel Plants72,58300056,20200128,785
Former Executive Chairperson
Stephana Patton57,95500000057,955
Chief Legal 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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Taylor Harris$7,279,813
David Mowry1,714,9034,065,6264,065,626−2,350,723
Sheila Hopkins1,276,291
Michael Karavitis1,200,5863,793,624
Stuart Drummond623,985
Jeffrey Jones361,140
Rohan Seth349,535953,3462,253,315−603,811
Daniel Plants128,7851,021,2041,021,204−892,419
Stephana Patton57,955

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey JonesOptions/SARs2023-11-0731,256$187,505
David MowryOptions/SARs2023-05-1140,241569,008
Sheila HopkinsOptions/SARs2023-07-147,77074,996
Stuart DrummondOptions/SARs2023-04-156,687149,989
Stuart DrummondOptions/SARs2023-04-122,51927,500
David MowryOptions/SARs2023-05-116,66694,257
Taylor HarrisOptions/SARs2023-05-1925,327250,003
Taylor HarrisOptions/SARs2023-08-18735,2954,000,005
Sheila HopkinsOptions/SARs2023-08-016,368125,004
Taylor HarrisOptions/SARs2023-08-18249,3362,747,682
Sheila HopkinsOptions/SARs2023-04-2717,085375,015
Jeffrey JonesOptions/SARs2023-11-0712,30645,163
Sheila HopkinsOptions/SARs2023-07-038,170125,001
Michael KaravitisOptions/SARs2023-04-1211,450125,000
Michael KaravitisOptions/SARs2023-04-129,212179,081
Michael KaravitisOptions/SARs2023-04-124,60689,541
Stuart DrummondOptions/SARs2023-04-121,01359,098
Sheila HopkinsOptions/SARs2023-07-144,50771,346
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Michael KaravitisRSU1,729$6,103
Taylor HarrisOption735,29511.02
Stuart DrummondOption2,51919.44
Jeffrey JonesOption31,2563.67
Michael KaravitisOption4,60833.45
David MowryOption3,42032.87
Michael KaravitisRSU2,1317,522
Michael KaravitisRSU1,3104,624
Sheila HopkinsRSU17,08560,310
Sheila HopkinsRSU6,36822,479
Stuart DrummondRSU1,8746,615
Stuart DrummondRSU1,0133,576
Michael KaravitisRSU9213,252
Stuart DrummondRSU7102,506
Michael KaravitisRSU1,8326,467
Sheila HopkinsRSU8,17028,840
Sheila HopkinsRSU2,7379,662
Stuart DrummondRSU6,68723,605
Michael KaravitisRSU4,60616,259
Sheila HopkinsRSU4,50715,910
Stuart DrummondRSU203716
Michael KaravitisOption2,03132.87
Sheila HopkinsOption7,77015.83
Taylor HarrisOption25,32716.84
Taylor HarrisRSU249,336880,156
Jeffrey JonesRSU12,30643,440
Stuart DrummondRSU5772,035
Stuart DrummondOption1,53533.45
Michael KaravitisOption11,45019.44
David MowryOption24,58033.45
05

Incentive-plan design — the Compensation Discussion & Analysis

Our Compensation Committee designs our executive compensation program to support our near-term financial and strategic objectives and promote the long-term growth of our Company. Our executive compensation program aims to recruit and retain key executive officers responsible for our success and to help motivate these executive officers to enhance long-term stockholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kevin J. CameronIndependent · Board Chair · Audit · Governance and Corporate Responsibility (Chair)$35,397$250,003$0$285,400
Nicholas S. LewinIndependent · Audit · Compensation (Chair) · Governance and Corporate Responsibility18,784250,0030268,787
Julian T. ParkIndependent · Not standing for re-election · Departed during FY100,250142,7070242,957
Janet D. WidmannIndependent · Compensation · Not standing for re-election · Departed during FY91,989149,9920241,981
Keith J. SullivanIndependent · Audit (Chair) · Compensation · Governance and Corporate Responsibility19,750200,2950220,045
Gregory A. BarrettIndependent · Compensation · Not standing for re-election · Departed during FY97,500097,500
Timothy J. O'SheaIndependent · Not standing for re-election · Departed during FY65,625065,625
Joseph E. WhittersIndependent · Not standing for re-election · Departed during FY42,500042,500
Taylor C. HarrisEmployee director00000
Sheila A. HopkinsIndependent · Audit · Compensation · Departed during FY00000
Jeryl L. HillemanIndependent · Audit · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 10,000
Stock ownership guideline3x annual board service retainer
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$471,795
Equity awards (grant-date value)$343,002
All other compensation$0
Total cost of the board$814,797

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

10

Disclosed peer group — fiscal year 2023

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

10a

Peer reciprocity

Of the companies Cutera 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 Cutera.

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
1AxoGen2025Michael Dale$775,865$7,342,895$0$906,133$9,047,454
2Cutera2023Taylor Harris271,0232,747,6824,250,00807,279,813
3Artivion2025J. Patrick Mackin835,1455,006,9900991,3686,883,108
4AngioDynamics2025James Clemmer803,0272,628,871808,2071,215,6085,494,285
5Accuray2025Suzanne Winter695,2642,314,147025,0003,042,119
6Anika Therapeutics2025Stephen Griffin500,0001,215,222002,033,370

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Cuteranot disclosednot disclosedNoCompensia
Accuraynot disclosedPSU 50 · RSU 50NoExequity LLP
AngioDynamics150%PSU 50 · RSU 25 · Options 25NoMeridian Compensation Partners, LLC
Anika Therapeutics100%PSU 67 · RSU 33NoWillis Towers Watson
Artivion118.7%PSU 50 · RSU 50NoWillis Towers Watson
AxoGen116.79%PSU 50 · RSU 50NoAon

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.

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, Taylor HarrisDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 7,279,813. Filing ↗machine: t62 · r4 · c26 · span 1221355–1221364
2Section 01, David MowryDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 1,714,903. Filing ↗machine: t62 · r24 · c26 · span 1270346–1270355
3Section 01, Sheila HopkinsDEF 14A2024-06-170001628280-24-028528Section “Summary Compensation Table” · page 58. As printed: 1,276,291. Filing ↗machine: t62 · r21 · c26 · span 1263540–1263549
4Section 01, Michael KaravitisDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 1,200,586. Filing ↗machine: t62 · r13 · c28 · span 1241755–1241764
5Section 01, Stuart DrummondDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 623,985. Filing ↗machine: t62 · r7 · c26 · span 1227996–1228003
6Section 01, Jeffrey JonesDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 361,140. Filing ↗machine: t62 · r10 · c26 · span 1234626–1234633
7Section 01, Rohan SethDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 349,535. Filing ↗machine: t62 · r34 · c26 · span 1300297–1300304
8Section 01, Daniel PlantsDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 58. As printed: 128,785. Filing ↗machine: t62 · r29 · c26 · span 1285324–1285331
9Section 01, Stephana PattonDEF 14A2024-06-170001628280-24-028528Section “2023 Summary Compensation Table” · page 63. As printed: 57,955. Filing ↗
10Section 03, Jeffrey Jones Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t58 · r4 · c2 · span 1149960–1149966
11Section 03, David Mowry Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t54 · r7 · c2 · span 1117794–1117800
12Section 03, Sheila Hopkins Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r3 · c2 · span 860086–860091
13Section 03, Stuart Drummond Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r9 · c15 · span 1349813–1349818
14Section 03, Stuart Drummond Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r5 · c2 · span 865065–865070
15Section 03, David Mowry Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t56 · r4 · c2 · span 1131172–1131177
16Section 03, Taylor Harris Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t58 · r2 · c2 · span 1147294–1147300
17Section 03, Taylor Harris Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r4 · c18 · span 1329653–1329660
18Section 03, Sheila Hopkins Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r23 · c15 · span 1407378–1407383
19Section 03, Taylor Harris Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r2 · c9 · span 858501–858508
20Section 03, Sheila Hopkins Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r21 · c15 · span 1399309–1399315
21Section 03, Jeffrey Jones Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t54 · r4 · c2 · span 1113969–1113975
22Section 03, Sheila Hopkins Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r22 · c15 · span 1403344–1403349
23Section 03, Michael Karavitis Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t44 · r6 · c2 · span 867549–867555
24Section 03, Michael Karavitis Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t56 · r3 · c2 · span 1129871–1129876
25Section 03, Michael Karavitis Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t54 · r5 · c2 · span 1115247–1115252
26Section 03, Stuart Drummond Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r8 · c15 · span 1345779–1345784
27Section 03, Sheila Hopkins Options/SARsDEF 14A2024-06-170001628280-24-028528Section “2023 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t63 · r24 · c15 · span 1411413–1411418
28Section 08, Kevin J. CameronDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 285,400. Filing ↗machine: t36 · r3 · c19 · span 410259–410266
29Section 08, Nicholas S. LewinDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 268,787. Filing ↗machine: t36 · r4 · c19 · span 413626–413633
30Section 08, Julian T. ParkDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 242,957. Filing ↗machine: t36 · r6 · c19 · span 420357–420364
31Section 08, Janet D. WidmannDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 241,981. Filing ↗machine: t36 · r9 · c19 · span 430457–430464
32Section 08, Keith J. SullivanDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 220,045. Filing ↗machine: t36 · r7 · c19 · span 423724–423731
33Section 08, Gregory A. BarrettDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 97,500. Filing ↗machine: t36 · r2 · c3 · span 404069–404075
34Section 08, Timothy J. O'SheaDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 65,625. Filing ↗machine: t36 · r5 · c3 · span 414506–414512
35Section 08, Joseph E. WhittersDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 42,500. Filing ↗machine: t36 · r8 · c3 · span 424605–424611
36Section 08, Taylor C. HarrisDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 0. Filing ↗
37Section 08, Sheila A. HopkinsDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 0. Filing ↗
38Section 08, Jeryl L. HillemanDEF 14A2024-06-170001628280-24-028528Section “Director Compensation”. As printed: 0. Filing ↗
39Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 09b board cost (computed)ComputedcomputedCash 471,795 + equity 343,002 + all other 0 = 814,797, summed across the director compensation table rows.machine: formula: Σ = 814,797
41AxoGen, Section 10b CEO totalDEF 14A2026-04-290000805928-26-000057CEO total compensation as printed in AxoGen's own proxy. As printed: 9,047,454. Filing ↗machine: r2 · c45 · span 557309–557318
42Cutera (subject), Section 10b CEO totalDEF 14A2024-06-170001628280-24-028528CEO total compensation as printed in Cutera's own proxy. As printed: 7,279,813. Filing ↗machine: t62 · r4 · c26 · span 1221355–1221364
43Artivion, Section 10b CEO totalDEF 14A2026-04-010001999371-26-007510CEO total compensation as printed in Artivion's own proxy. As printed: 6,883,108. Filing ↗machine: r3 · c9 · span 741873–741882
44AngioDynamics, Section 10b CEO totalDEF 14A2025-09-250001628280-25-042704CEO total compensation as printed in AngioDynamics's own proxy. As printed: 5,494,285. Filing ↗machine: r2 · c27 · span 502542–502551
45Accuray, Section 10b CEO totalDEF 14A2025-10-010001140361-25-036983CEO total compensation as printed in Accuray's own proxy. As printed: 3,042,119. Filing ↗machine: t133 · r2 · c24 · span 733636–733645
46Anika Therapeutics, Section 10b CEO totalDEF 14A2026-04-280001140361-26-017488CEO total compensation as printed in Anika Therapeutics's own proxy. As printed: 2,033,370. Filing ↗machine: r5 · c22 · span 1052517–1052526
47Section 10a, AxoGen reciprocityDEF 14A0000805928-26-000057AxoGen's most recent proxy was read; its disclosed peer group does not include Cutera. Filing ↗
48Section 10a, Anika Therapeutics reciprocityDEF 14A0001140361-26-017488Anika Therapeutics's most recent proxy was read; its disclosed peer group does not include Cutera. Filing ↗
49Section 10a, Artivion reciprocityDEF 14A0001999371-26-007510Artivion's most recent proxy was read; its disclosed peer group does not include Cutera. Filing ↗
50Section 10a, AngioDynamics reciprocityDEF 14A0001628280-25-042704AngioDynamics names Cutera in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Accuray reciprocityDEF 14A0001140361-25-036983Accuray names Cutera in its own disclosed peer group (read from its most recent proxy). Filing ↗