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OptimizeRx Corp

For the period ended Jun 5, 2024. Filed Apr 29, 2024.

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About 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 5, 2024 · Filed Apr 29, 2024

OPRX$8.76+1.0%Stored close · as of Nov 6, 2026
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PAY VERSUS PERFORMANCE

The following table shows (i) the total compensation for our principal executive officer (PEO), and on an average basis, our other named executive officers (NEOs) as set forth in the summary compensation tables set forth in the Company’s proxy statements for 2023, 2022 and 2021(“SCT”); (ii) the “compensation actually paid” to our PEO and, on an average basis, our other named executive officers (in each case, as determined under applicable SEC rules); (iii) our total shareholder return, and (iv) our net income. Compensation actually paid, as determined under SEC requirements, does not reflect the actual amount of compensation earned by or paid to our named executive officers during a covered year. No dividends were paid or accrued on stock awards for the years presented.

YearSCT Total Compensation for PEO(1)($)Compensation Actually Paid to PEO(1)(3)($)Average SCT Total Compensation for Other NEOs(2)(3)($)Average Compensation Actually Paid to Other NEOs(2)(3)($)Value of Initial Fixed $100 Investment Based On Total Shareholder Return(4)($)Net Income (Loss)(5)($)
20232,789,5282,298,481950,042322,48645.92(17,565,866)
2022694,400(7,300,454)1,802,844(1,536,360)53.92(11,438,440)
202114,619,57610,775,9692,823,5202,270,492199.33378,079

(1) Mr. Febbo, our PEO, served as chief executive officer for each of the three years presented in the table.

(2) The other NEOs included for purposes of calculating the average amounts in each applicable year are as follows: for 2023 and 2022, Stephen L. Silvestro and Edward Stelmakh; and (ii) for 2021, Marion K. Odence-Ford and Edward Stelmakh.

(3) SEC rules require certain adjustments be made to the SCT total compensation to determine “compensation actually paid” for purposes of the Pay versus Performance Table, which are detailed for 2023 in the table below. Neither our PEO nor our other NEOs participated in a defined benefit plan; therefore, no adjustment for pension benefits is included in the table below.

Year · Reported SCT Total Compensation · [Less] Reported Grant Date Value of Equity Awards (a) · [Plus/Minus] Equity Award adjustments (b) · [Equals] Compensation Actually Paid
2023PEO$2,789,528$1,926,378$1,435,331$2,298,481
Other NEOs Average$950,042$340,862$(286,693)$322,486

(a) Represents the grant date fair value of equity awards reported in the “Stock Awards” and “Option Awards” columns of the SCT for 2023.

(b) The equity award adjustments include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; and (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal

year. The valuation methodologies and assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:

YearPosition[Plus] Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year[Plus] Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years[Plus] Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year[Plus] Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied During Fiscal Year[Less] Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal YearTotal Equity Award Adjustments
2023PEO$2,356,399$(23,975)$0$11,072$(908,165)$1,435,331
Other NEOs$389,375$(352,243)$0$(323,826)$0$(286,693)

(4) TSR is determined based on the value of an initial fixed investment of $100 in the Company’s common stock at December 31, 2020.

(5) The dollar amounts reported represent the amount of net income (loss) reflected in the Company’s audited financial statements for the applicable year.

Comparisons

The charts below show, for the past three years, the following: the relationship of “compensation actually paid“ to our PEO and, on average, to our other NEOs as a group and each of (a) the Company’s TSR, and (b) the Company’s net income.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.