Sundar PichaiSundar Pichai earned $164M in 2023

Dan L. Dearen served as the President and Chief Financial Officer of Axonics, Inc. from June 5, 2019, until his retirement on October 2, 2023. During his tenure, he played a crucial role in guiding the company through significant growth...

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Dan L. Dearen

Ex-CEO of Axonics, Inc.

Sector of Economy

Healthcare

CEO of Axonics, Inc. for

4 years 3 months (Jun 2019 - Oct 2023)

Previous Experience

President and Chief Financial Officer at Axonics, Inc.

Rivals

Competitors/colleagues of Dan L. Dearen

Holdings

See how much did Dan L. Dearen make over time.

At one point, Dan L. Dearen had substantial holdings in Axonics, Inc.'s common stock, which demonstrated his monetary commitment to the company. In 2021, he realized impressive returns when he acquired 76,265 shares through stock options, netting over $3.6 million....

Total Stock Sold

$35.27M

AXNX

$35.27M

782,080 AXNX shares

What if they kept their stock?

If Dan L. Dearen didn't sell their stock, today they would have:
Extra AXNX782,080 shares worth $29.34M.
This is -16.83% and $5.94M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Dan L. Dearen.

AXNX

$436.49K

AXNX at $56.87/share

Sep 29, 2023

Sale

AXNX

$398.25K

AXNX at $49.79/share

May 26, 2023

Sale

AXNX

$1.20M

AXNX at $60.22/share

Apr 21, 2023

Sale

AXNX

$120.07K

AXNX at $60.01/share

Apr 20, 2023

Sale

AXNX

$828.85K

AXNX at $55.26/share

Mar 31, 2023

Sale

AXNX

$838.29K

AXNX at $60.94/share

Jan 31, 2023

Sale

AXNX

5,000 shares

AXNX

Jan 31, 2023

Received

AXNX

$49.59K

AXNX at $75.60/share

Sep 13, 2022

Sale

AXNX

$3.56M

AXNX at $71.26/share

Aug 11, 2022

Sale

AXNX

$1.14M

AXNX at $57.28/share

Mar 1, 2022

Sale

Compensation History

See how much did Dan L. Dearen make over time.

In his role at Axonics, Dan L. Dearen's compensation reflected his contributions to the company's growth and performance. In 2023, his total compensation was $600,000, which was driven by a fixed salary of $400,000 and a performance-based bonus of $100,000. Additionally, he received various benefits worth about $50,000. The compensation structure was designed to align closely with the company’s success, emphasizing his role in steering Axonics to meet ambitious revenue and operational targets. However, this was a decrease from his peak compensation of nearly $2.37 million in 2021, illustrating the changes in company priorities and performance metrics. His consistent bonuses were tied to key performance indicators, showing the value placed on results in the healthcare industry where he operated. Overall, his pay package was structured to encourage performance and loyalty while also addressing long-term sustainability in leadership roles.

Year

2023

Total Compensation

$700.00K

Salary

$400.00K

Board Justification

The compensation philosophy is designed to align executive pay with company performance, ensuring that compensation is competitive with peers and supports retention strategies.

Bonus

$100.00K

Board Justification

The bonus is based on the company's performance metrics, including revenue growth and operational efficiency, paid out in cash for the year 2023.

Other

$50.00K

Board Justification

Other compensation includes health benefits, retirement contributions, and other perquisites for the year 2023.

Restricted Stock

$150.00K(5K common stock)

Board Justification

5,000 shares of common stock vested in 2023 as part of the long-term incentive plan, based on performance criteria being met.

Performance Metrics

Performance metrics include revenue targets, EBITDA growth, and operational efficiency improvements.

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