Jeffrey M. Leiden is the CEO and Chairman of Vertex Pharmaceuticals, a company making waves in the biotech world with its innovative treatments. He stepped into the CEO role in February 2012 after joining Vertex as CEO Designee in late...

Number of Employees

5.4K

Year

2020

Total Compensation

$14.50M

Salary

$1.12M

Board Justification

The compensation philosophy emphasizes performance alignment with company goals and shareholder interests, with a significant portion of compensation tied to performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded for 2020 as per the compensation structure for the Executive Chairman role.

Other

$43.14K

Board Justification

Other compensation includes 401(k) match, life insurance premiums, and contributions to the Vertex Foundation Matching Gift Program.

Restricted Stock

$13.34M(13.34M RSU)

Board Justification

The stock awards that vested in 2020 were based on performance metrics achieved in prior years, specifically related to Vertex's financial and operational goals.

Performance Metrics

Performance metrics included achieving financial targets related to CF net product revenues and advancing clinical programs.

SEC Filing

From April 8, 2021

Jeffrey M. Leiden

Ex-CEO of Vertex Pharmaceuticals

JM

Education

B.A., Ph.D. in virology and M.D. from the University of Chicago

Field of Expertise

Healthcare & Life Sciences - Medicine

Born

Invalid Date - 0 years ago

Is Founder?

No

Tenure

8 years 1 month (Feb 2012 - Mar 2020)

Previous Experience

Managing Director at Clarus Ventures LLC, President and COO at Abbott Laboratories