SOLIGENIX INC
For the period ended Jun 20, 2025. Filed May 5, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 20, 2025 · Filed May 5, 2025
Contents
Pay Versus Performance
Pay versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information that demonstrates the relationship between executive “Compensation Actually Paid” and our performance against several specific financial metrics. For further information concerning our pay for performance philosophy and how we align executive compensation with our performance, refer to “Consideration and Determination of Executive and Director Compensation.”
Pay versus Performance Table: The table below reflects Compensation Actually Paid (“CAP”) to our Principal Executive Officer (“PEO”) and Average Summary Compensation Actually Paid to Non-PEO Named Executive Officers (“NEOs”) during 2024, 2023 and 2022.
| Year · · · Summary Compensation Table Total for PEO(1) $ · · · Compensation Actually Paid to PEO(2) $ · · · Average Summary Compensation Table Total for Non-PEO NEOs(3) $ · · · Average Compensation Actually Paid to Non-PEO NEOs(2) $ · · · Value of Initial Fixed $100 Investment Based on Total Shareholder Return(4) $ · · · Net Income/(Loss) $ (millions) · | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | | | | $832,627 | | | | | $697,449 | | | | | $366,654 | | | | | $301,422 | | | | | | 2 | | | | | $(8.3) | | |
| 2023 | | | | $700,484 | | | | | $531,395 | | | | | $330,742 | | | | | $250,775 | | | | | | 4 | | | | | $(7.9) | | |
| 2022 | | | | $711,177 | | | | | $641,818 | | | | | $320,639 | | | | | $284,419 | | | | | | 33 | | | | | $(13.8) | | |
(1)
Reflects compensation (as reported in the Summary Compensation Table (“SCT”)) for our President and Chief Executive Officer, Christopher J. Schaber, who served as our PEO in 2022, 2023 and 2024.
(2)
Amounts represent CAP (as reported in the SCT) to our President and Chief Executive Officer, Christopher J. Schaber, who was our PEO for 2022, 2023 and 2024, and the average CAP to our remaining NEOs, SVP and Chief Financial Officer, Jonathan Guarino, SVP and Chief Scientific Officer, Oreola Donini, and SVP and Chief Medical Officer, Richard Straube.
(3)
Reflects the average compensation (as reported in the SCT) for our non-PEO NEOs in 2022, 2023 and 2024.
(4)
Cumulative Total Shareholder Return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our Company’s stock price at the end and the beginning of the measurement period by our Company’s stock price at the beginning of the measurement period.
Summary Compensation Table: The table below reflects the adjustments made to the compensation earned by our Company’s PEO and average compensation earned by our remaining NEOs, to derive the compensation actually paid to our Company’s PEO and average actual compensation paid to our Company’s remaining NEOs.
| PEO · · · Summary Compensation Total · · · Less: Grant Date Fair Value of Option Awards Granted during The Fiscal Year(1) · · · Add: Year-End Fair Value of Outstanding And Unvested Option Awards Granted During the Fiscal Year(2) · · · Adjust for Change In Fair Value of Outstanding and Unvested Option Awards Granted in Prior Fiscal Years(2) · · · Adjust for Change in Fair Value of Option Awards Granted in Prior Fiscal Years that Vested During the Fiscal Year(2) · · · Compensation Actually Paid · | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | | | | $832,627 | | | | | $148,950 | | | | | $103,838 | | | | | $(88,607) | | | | | $(1,459) | | | | | $697,449 | | |
| 2023 | | | | $700,484 | | | | | $75,482 | | | | | $77,709 | | | | | $(156,006) | | | | | $(15,310) | | | | | $531,395 | | |
| 2022 | | | | $711,177 | | | | | $73,051 | | | | | $57,933 | | | | | $(50,456) | | | | | $(3,785) | | | | | $641,818 | | |
| Average Non-PEO NEOs | | ||||||||||||||||||||||||||||||
| 2024 | | | | $366,654 | | | | | $57,373 | | | | | $39,997 | | | | | $(46,400) | | | | | $(1,455) | | | | | $301,422 | | |
| 2023 | | | | $330,742 | | | | | $42,773 | | | | | $41,445 | | | | | $(65,883) | | | | | $(12,755) | | | | | $250,775 | | |
| 2022 | | | | $320,639 | | | | | $35,184 | | | | | $28,002 | | | | | $(27,839) | | | | | $(41,200) | | | | | $284,419 | | |
(1)
Amounts reflect the aggregate grant-date fair value reported in the “Option Awards” column in the Summary Compensation Table for the applicable year.
| | 40 | | | | | | | 2025 Proxy Statement | |
|---|
(2)
Fair values as of each measurement date were determined using valuation assumptions and methodologies in accordance with Accounting Standards Codification (ASC) Topic 718.
Relationship between Compensation Actually Paid Disclosed in the Pay versus Performance Table and Other Table Elements
The graphs below compare the CAP paid to our PEO and the average CAP paid to our remaining NEO’s, with (i) our cumulative TSR, and (ii) our net income, in each case, for the fiscal years ended December 31, 2022, 2023 and 2024.
| | 2025 Proxy Statement | | | | | | | 41 | |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.