Sundar PichaiSundar Pichai earned $164M in 2023
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Dr. Matthew B. Klein

CEO of PTC Therapeutics

Education

BA from the University of Pennsylvania, MD from Yale University School of Medicine, MS in Epidemiology from the University of Washington School of Public Health

Field of Expertise

Healthcare & Life Sciences - Medicine

Born

January 1, 1972 - 53 years ago

Economy Sector

Healthcare

Current Tenure

1 year 10 months (Mar 2023 - Present)

Previous Experience

Chief Operating Officer at PTC Therapeutics, Inc.; formerly CEO of BioElectron Technology Corporation.

Dr. Matthew B. Klein is the CEO of PTC Therapeutics, where he took the helm in March 2023 after joining the company in 2019. Before becoming CEO, he held various leadership roles, including Chief Operating Officer and Chief Development Officer....

Year

2023

Total Compensation

$1.22M

Salary

$747.22K

Board Justification

The compensation philosophy is to align executive compensation with company performance and shareholder interests, with a significant portion being 'at risk'.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as the corporate rating was 80% of target and individual performance modifier was 1.0, resulting in a cash incentive of $472,800 based on corporate performance.

Other

$472.80K

Board Justification

Includes the cash awards earned under the annual incentive program based on corporate performance.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the stock options and RSUs granted in 2023 have not yet vested.

Performance Metrics

The performance metrics for 2023 included achieving corporate goals related to financial performance, commercial success, advancing programs and pipelines, and operational excellence.