Sundar PichaiSundar Pichai earned $164M in 2023
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Daniel Paterson

CEO of Verastem

Education

N/A

Field of Expertise

Business & Management

Born

January 1, 1961 - 64 years ago

Economy Sector

Healthcare

Current Tenure

1 year 7 months (Jul 2023 - Present)

Previous Experience

Chief Operating Officer of the Company

Daniel Paterson has been leading Verastem, Inc. as CEO since August 2023. He’s legit been in the game for a while, moving up the ranks through various key roles. Before taking the reins at Verastem, he was the COO and...

Year

2023

Total Compensation

$3.12M

Salary

$600.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on attracting and retaining talented executives to drive long-term value creation.

Bonus

$206.69K

Board Justification

The bonus amount earned for 2023 for Mr. Paterson was paid in 2024, based on company performance metrics and individual performance.

Other

$22.79K

Board Justification

Includes 401(k) plan employer contributions, health savings account contributions, and life insurance premiums paid by the Company.

Restricted Stock

$2.29M(140.07K stock options)

Board Justification

The stock options granted to Mr. Paterson in 2023 are time-based and vest as to 25% of the shares underlying the award on the first anniversary of the grant date, with the remainder vesting in equal quarterly installments over the next three years.

Performance Metrics

Company performance metrics included clinical development goals, business development goals, investor goals, and employee retention goals.