MeiraGTx Holdings plc
For the period ended Jun 6, 2024. Filed Apr 25, 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 6, 2024 · Filed Apr 25, 2024
Contents
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and Item 402(v) of Regulation S-K, we are providing the following information on total compensation and “compensation actually paid” to our principal executive officer (“PEO”) and to our remaining named executive officers (“NEOs”) for the fiscal years ended December 31, 2023 and December 31, 2022, and the cumulative total shareholder return on our ordinary shares and our net income over the same time period.
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| · · · · · · · · · · Value of Initial · · · | ||||||||||
| · · · · · · Average · · Average · · Fixed $100 · · · | ||||||||||
| · · · · · · Summary · · Compensation · · Investment Based · · · | ||||||||||
| · · Summary · · Compensation · · Compensation · · Actually · · on Total · · · | ||||||||||
| · · Compensation · · Actually · · Table for · · Paid to the · · Shareholder · · Net Income (Loss) | ||||||||||
| · · Total for PEO · · Paid to PEO · · Non-PEO NEOs · · Non-PEO NEOs · · Return · · (in thousands) | ||||||||||
| Year | ($)(1) | ($)(2) | ($)(1) | ($)(2) | ($)(3) | ($)(4) | ||||
| 2023 | 6,336,832 | 5,837,614 | 3,740,448 | 3,465,959 | | | 29.57 | | | (84,027) |
| 2022 | 7,715,156 | (1,124,733) | 5,291,480 | (1,332,788) | | | 27.46 | | | (129,615) |
| (1) | During 2023 and 2022, our PEO was Alexandria Forbes, Ph.D. and our non-PEO NEOs consisted of Richard Giroux and Stuart Naylor, Ph.D. The amounts shown in these columns represent the total compensation for the PEO and an average of the total compensation for the non-PEO NEOs as reported in the Summary Compensation Table for 2023 and 2022. |
| (2) | The dollar amounts reported are adjusted to calculate “compensation actually paid” to the PEO and the average “compensation actually paid” to the two non-PEO NEOs as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the PEO and non-PEO NEOs’ total compensation reported in the Summary Compensation Table for fiscal years 2023 and 2022 to determine the “compensation actually paid”: |
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|---|---|---|---|---|
| | | 2023 | | 2022 |
| · · · · Average Non- · · · · Average Non- | ||||
| · · · · PEO · · · · PEO | ||||
| Adjustments | PEO ($) | NEOs ($) | PEO ($) | NEOs ($) |
| Deduction for amounts reported under the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table | (3,448,250) | (2,139,975) | (5,382,500) | (3,875,400) |
| Increase for fair value of awards granted during year that remained unvested at year-end | 2,751,975 | 1,714,043 | 1,630,000 | 1,173,600 |
| Change in fair value from prior year-end to year-end of awards granted in a prior year that were outstanding and unvested at year-end | 177,685 | 132,775 | (4,220,708) | (3,287,749) |
| Change in fair value from prior year-end to vesting date of awards granted in a prior year that vested during year | 19,372 | 18,669 | (866,681) | (634,719) |
| Total adjustments | (499,218) | (274,489) | (8,839,889) | (6,624,268) |
| (3) | Cumulative Total Shareholder Return (“TSR”) is the calculated difference between our share price at the end and the beginning of the applicable measurement period, and our share price at the beginning of the measurement period. To perform this calculation, we assume a $100 investment on December 31, 2021. |
| (4) | The dollar amount reported represents the amount of net income (loss) reflected in our audited financial statements for the applicable year. |
Analysis of the Information Presented in the Pay Versus Performance Table
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