Genprex Inc
For the period ended Jun 18, 2024. Filed Apr 29, 2024.
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 18, 2024 · Filed Apr 29, 2024
Use the contents to explore the available documents and sections.
Contents
Pay Versus Performance Table
In accordance with rules adopted by the Securities and Exchange Commission 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 provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO Named Executive Officers (“NEOs”) and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
| Value of Initial Fixed $100 Investment Based on: | ||||||
|---|---|---|---|---|---|---|
| Year | Summary Compensation Table Total for PEO ($) | Compensation Actually Paid to PEO ($)(1) | Average Summary Compensation Table Total for non-PEO NEOs ($) | Average Compensation Actually Paid to non-PEO NEOs ($)(1) | Total Stockholder Return ($)(2) | Net Loss ($) |
| (a) | (b) | (c) | (d) | (e) | (f) | (g) |
| 2023 | $1,680,958 | $909,633 | $940,192 | $491,070 | $(84.14) | $(30,860,461) |
| 2022 | $2,532,400 | $2,378,406 | $1,039,548 | $1,192,201 | $10.69 | $(23,740,621) |
| (1) | Amounts represent compensation actually paid (“CAP”) to our President and CEO, J. Rodney Varner, who was our Principal Executive Officer or “PEO” for each of the two years shown, and the average CAP to our remaining NEOs or “Non-PEO NEOs” for the relevant fiscal year, as determined under SEC rules, which includes Mark Berger and Catherine Vaczy for 2023 and Catherine Vaczy and Ryan Confer for 2022. |
| (2) | Cumulative total stockholder 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 share price at the end and the beginning of the measurement period by our Company’s share price at the beginning of the measurement period. No dividends were paid on our common stock in 2023 or 2022. The dollar amounts reported represent the amount of net loss reflected in our consolidated audited financial statements for the applicable year. |
Amounts represent the Summary Compensation Table Total Compensation for the applicable fiscal year adjusted as follows:
| Fiscal Year (“FY”) · 2023 · 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| PEO · Average non-PEO NEOs · PEO · Average non-PEO NEOs | ||||||||
| Deduction for ASC 718 Fair Value as of Grant Date Reported under the Stock Awards Columns in the Summary Compensation Table | $(1,068,750) | $(418,950) | $(1,645,425) | $(328,194) | ||||
| Increase based on ASC 718 Fair Value of Stock Awards Granted during the FY that Remain Unvested as of FY End (“FYE”) | $143,658 | $56,350 | $1,038,158 | $207,069 | ||||
| Increase based on ASC 718 Fair Value of Stock Awards Granted during the FY that Vested during the FY as of Vesting Date | $ | - | $ | - | $ | - | $ | - |
| Increase/deduction based on ASC 718 Fair Value of Outstanding Unvested Prior FY Stock Awards as of FYE Compared to Valuation as of Prior FYE | $(482,426) | $(230,342) | $52,680 | $40,091 | ||||
| Increase/deduction based on ASC 718 Fair Value of Prior FY Stock Awards that Vested during the FY as of Vesting Date Compared to Valuation as of Prior FYE | $636,192 | $143,819 | $400,594 | $233,688 | ||||
| Total Adjustments | $(771,325) | $(449,122) | $(153,994) | $152,653 | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.