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 OPTN 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 OPTN 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 |
|---|---|---|---|---|---|---|---|---|
| Ramy Mahmoud | $646,994 | $0 | $637,075 | $656,245 | $454,740 | $0 | $19,211 | $2,414,265 |
| Chief Executive Officer and Director | ||||||||
| Peter Miller | 53,049 | 0 | 106,526 | 550,646 | 0 | 0 | 984,250 | 1,694,471 |
| Former Chief Executive Officer | ||||||||
| Michael Marino | 453,209 | 100,000 | 293,313 | 242,840 | 216,181 | 0 | 16,557 | 1,322,100 |
| Chief Legal Officer and Corporate Secretary | ||||||||
| Paul Spence | 435,000 | 0 | 0 | 0 | 207,495 | 0 | 21,524 | 664,019 |
| Chief Commercial 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.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Ramy Mahmoud | $2,414,265 | $1,139,990 | — | +1,274,275 |
| Peter Miller | 1,694,471 | 1,594,245 | — | +100,226 |
| Michael Marino | 1,322,100 | 996,694 | — | +325,406 |
| Paul Spence | 664,019 | — | — | — |
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 | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Ramy Mahmoud | RSU | 442,332 | — | $570,608 |
| Michael Marino | RSU | 208,950 | — | 269,546 |
| Ramy Mahmoud | Option | 4,687 | 5.41 | — |
| Ramy Mahmoud | Option | 46,242 | 1.85 | — |
| Michael Marino | Option | 185,250 | 1.9 | — |
| Ramy Mahmoud | Option | 46,875 | 3.51 | — |
| Ramy Mahmoud | Option | 549,202 | 1.74 | — |
| Michael Marino | Option | 44,320 | 1.85 | — |
| Michael Marino | Option | 2,866 | 5.41 | — |
| Paul Spence | Option | 375,000 | 1.75 | — |
| Ramy Mahmoud | Option | 114,953 | 1.85 | — |
| Michael Marino | Option | 25,000 | 3.51 | — |
Our executive compensation program is designed to attract, motivate and retain our named executive officers who are critical to our success. Our Board believes that our executive compensation program is tailored to retain and motivate key executives while recognizing the need to align our executive compensation program with the interests of our stockholders.
| CEO STI target (% of salary) | 65% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer & Partners, LLC |
| Clawback policy | true |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2023 | 2023-06-08 | 88,423,372 | 717,829 | 23,008 | 99.19% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2023 | 2023-06-08 | 99.19%a |
a. 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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| R. John FletcherIndependent · Board Chair · Audit · Compensation · Nominating/Governance (Chair) | $76,808 | $0 | $43,415 | — | $0 | $120,223 |
| Sandra L. HeltonIndependent · Audit (Chair) | 60,000 | 0 | 43,415 | — | 0 | 103,415 |
| Wilhelmus GroenhuysenIndependent · Audit | 57,500 | 0 | 43,415 | — | 0 | 100,915 |
| Tomas J. HeymanIndependent · Compensation (Chair) · Nominating/Governance | 53,466 | 0 | 43,415 | — | 0 | 96,881 |
| Kyle DempseyIndependent · Compensation | 47,500 | 0 | 43,415 | — | 0 | 90,915 |
| Catherine OwenIndependent | 46,534 | 0 | 43,415 | — | 0 | 89,949 |
| Eric BednarskiIndependent · Nominating/Governance | 45,000 | 0 | 43,415 | — | 0 | 88,415 |
| Joseph ScodariIndependent · Departed during FY | 38,116 | 0 | — | — | 0 | 38,116 |
| Peter K. MillerEmployee director · Departed during FY | 0 | 0 | 0 | — | 0 | 0 |
| Ramy A. MahmoudEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $424,924 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $424,924 |
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 | OptiNose | 2023 | Ramy Mahmoud | $646,994 | $637,075 | $656,245 | $454,740 | $2,414,265 |
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, Ramy Mahmoud | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Summary Compensation Table”. As printed: 2,414,265. Filing ↗machine: r2 · c48 · span 415104–415113 |
| 2 | Section 01, Peter Miller | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Summary Compensation Table”. As printed: 1,694,471. Filing ↗machine: r11 · c48 · span 438001–438010 |
| 3 | Section 01, Michael Marino | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Summary Compensation Table”. As printed: 1,322,100. Filing ↗machine: r5 · c48 · span 423343–423352 |
| 4 | Section 01, Paul Spence | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Summary Compensation Table”. As printed: 664,019. Filing ↗machine: r8 · c48 · span 431767–431774 |
| 5 | Section 08, R. John Fletcher | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 120,223. Filing ↗machine: t53 · r2 · c11 · span 655322–655329 |
| 6 | Section 08, Sandra L. Helton | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 103,415. Filing ↗machine: t53 · r4 · c11 · span 659737–659744 |
| 7 | Section 08, Wilhelmus Groenhuysen | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 100,915. Filing ↗machine: t53 · r3 · c11 · span 657532–657539 |
| 8 | Section 08, Tomas J. Heyman | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 96,881. Filing ↗machine: r6 · c11 · span 664140–664146 |
| 9 | Section 08, Kyle Dempsey | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 90,915. Filing ↗machine: t53 · r8 · c11 · span 668542–668548 |
| 10 | Section 08, Catherine Owen | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 89,949. Filing ↗machine: t53 · r5 · c11 · span 661940–661946 |
| 11 | Section 08, Eric Bednarski | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 88,415. Filing ↗machine: t53 · r7 · c11 · span 666342–666348 |
| 12 | Section 08, Joseph Scodari | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 38,116. Filing ↗machine: t53 · r9 · c2 · span 669411–669417 |
| 13 | Section 08, Peter K. Miller | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 08, Ramy A. Mahmoud | DEF 14A | 2024-04-26 | 0001494650-24-000047 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 06, 2023 vote | Form 8-K | 2023-06-13 | 0001494650-23-000067 | Item 5.07 · say-on-pay result. As reported: 99.19% (votes for as printed: 88,423,372). Filing ↗ |
| 16 | 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) |
| 17 | Section 09b board cost (computed) | Computed | — | computed | Cash 424,924 + equity 0 + all other 0 = 424,924, summed across the director compensation table rows.machine: formula: Σ = 424,924 |
| 18 | OptiNose (subject), Section 10b CEO total | DEF 14A | 2024-04-26 | 0001494650-24-000047 | CEO total compensation as printed in OptiNose's own proxy. As printed: 2,414,265. Filing ↗machine: r2 · c48 · span 415104–415113 |