Sundar PichaiSundar Pichai earned $164M in 2023

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...

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Daniel Paterson

CEO of Verastem

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

January 1, 1961 - 64 years ago

CEO of Verastem for

1 year 10 months (Jul 2023 - Present)

Previous Experience

Chief Operating Officer of the Company

Rivals

Competitors/colleagues of Daniel Paterson

Holdings

See how much did Daniel Paterson make over time.

Daniel Paterson has shown a keen hand in managing his investments, particularly with Verastem stocks. He started making big moves in trading back in September 2019, consistently trading shares on a monthly basis. At the peak of his trading in...

Mar 18, 2025

Total Stock Sold

$1.21M

VSTM

$1.21M

11,799 VSTM shares

What if they kept their stock?

If Daniel Paterson didn't sell their stock, today they would have:
Extra VSTM11,799 shares worth $239.28K.
This is -80.3% and $975.22K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Daniel Paterson.

VSTM

$513.36

VSTM at $2.79/share

Sep 19, 2024

Sale

VSTM

$688.80

VSTM at $2.80/share

Sep 16, 2024

Sale

VSTM

$7.01K

VSTM at $2.16/share

Aug 5, 2024

Sale

VSTM

$1.43K

VSTM at $3.35/share

Jun 17, 2024

Sale

VSTM

150,000 shares

VSTM

Jun 17, 2024

Received

VSTM

$4.49K

VSTM at $10.55/share

Mar 18, 2024

Sale

VSTM

$3.28K

VSTM at $7.69/share

Dec 18, 2023

Sale

VSTM

$4.18K

VSTM at $9.88/share

Sep 18, 2023

Sale

VSTM

50,000 shares

VSTM

Aug 2, 2023

Received

VSTM

$4.32K

VSTM at $10.11/share

Jun 16, 2023

Sale

Compensation History

See how much did Daniel Paterson make over time.

In 2023, Daniel Paterson's total pay as CEO of Verastem reached approximately $2.82 million. His base salary stands at $600,000, which reflects a thoughtful structure to attract and retain top talent in a demanding industry. What’s notable is his bonus of $206,687, which he earned for hitting specific company performance metrics, along with $2.29 million in vested stock options. This hands-on approach, tying compensation to company success, is crucial in ensuring executives like Paterson are aligned with shareholders' interests. His total package has evolved based on both his experience and the strategic hopes for Verastem. His compensation breakdown indicates a strong alignment with business goals and performance results, which is essential for driving long-term value creation.

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.

Other Verastem CEOs

Here are other CEOs of Verastem