Sundar PichaiSundar Pichai earned $164M in 2023
I

Dr. Geoffrey Allan

Ex-CEO of Insmed

Education

N/A

Field of Expertise

Healthcare & Life Sciences - Medicine

Born

June 19, 1958 - 66 years ago

Economy Sector

Healthcare

Tenure

3 years 10 months (Aug 2005 - Jun 2009)

Previous Experience

N/A

Meet Dr. Geoffrey Allan, former CEO of Insmed, a biopharmaceutical company known for its innovative approaches in medicine. Dr. Allan was at the helm from 2005 until 2009, leading the company through major transitions, including a significant sale of assets...

Year

2009

Total Compensation

$1.61M

Salary

$209.64K

Board Justification

The company's compensation philosophy aims to attract, retain, and motivate highly qualified executives while aligning compensation with shareholder interests and performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal 2009 as he was only employed for a partial year before resigning due to health reasons.

Other

$699.58K

Board Justification

Includes a lump sum severance payment of $675,000 and other benefits related to the personal use of a vehicle provided by the company.

Restricted Stock

$699.58K(247.58K restricted stock)

Board Justification

The 2008 restricted stock and restricted stock unit grants to Dr. Allan vested on March 31, 2009 as a result of the Merck transaction prior to his resignation.

Performance Metrics

The performance metrics for 2009 included the successful conclusion of the sale of Follow on Biologics assets to Merck, completion of clinical trials, and strategic business reviews.