Dr. Michael S. Lebby has been at the helm of Lightwave Logic, Inc. since May 1, 2017. His journey has involved transformative steps in the field of photonics, championing the development of indium phosphide-based photonic integrated circuits that benefit data...

Dr. Michael S. Lebby has been at the helm of Lightwave Logic, Inc. since May 1, 2017. His journey has involved transformative steps in the field of photonics, championing the development of indium phosphide-based photonic integrated circuits that benefit data centers. With a rich academic background that includes a Ph.D., an MBA, and a Bachelor's degree, all from the University of Bradford, Dr. Lebby brings not just leadership but expertise that is grounded in solid education. He has also made notable moves in managing his compensation, receiving a significant raise to $420,000 in 2023 and extending his contract until April 2025. His recent stock options signify confidence in the future of Lightwave Logic. In 2023, Dr. Lebby achieved a total compensation of over $1.46 million, with $1 million attributed to vested stock options alone. His insider trading activities indicate strategic decisions as he has purchased substantial amounts of company stock over the years, reflecting a vested interest in the company's success. Dr. Lebby’s leadership is marked by a blend of technical skill and business acumen, making him a key figure in shaping the future of Lightwave Logic.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Lightwave Logic, Inc. CEOs

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Dr. Michael S. Lebby

Ex-CEO of Lightwave Logic, Inc.

Sector of Economy

Basic Materials

CEO of Lightwave Logic, Inc. for

7 years 7 months (May 2017 - Dec 2024)

Previous Experience

President and CEO of OneChip Photonics, Inc.

Rivals

Competitors/colleagues of Dr. Michael S. Lebby

Holdings

See how much did Dr. Michael S. Lebby make over time.

Dr. Lebby has made significant insider purchases of Lightwave Logic stock, highlighting his belief in the company's prospects. Notably, in late 2021, his purchases were substantial, reaching over $1 million in value. His transactions often ranged from $200K to over...

Dr. Lebby has made significant insider purchases of Lightwave Logic stock, highlighting his belief in the company's prospects. Notably, in late 2021, his purchases were substantial, reaching over $1 million in value. His transactions often ranged from $200K to over $800K monthly, displaying a bold investment in the company. Recently, his stock holdings have decreased but still represent a noteworthy commitment to the business, with values typically hovering around $300K monthly over the past years. The peak of his wealth in holdings appears to have been around 2021, but he continues to show engagement with the company through regular stock activities as of 2023.

Insider Trading

See recent insider trades of Dr. Michael S. Lebby.

LWLG

$9.99K

LWLG at $9.99/share

Apr 12, 2022

Purchase

LWLG

$2.00K

LWLG at $0.77/share

May 5, 2017

Received

LWLG

$1.99K

LWLG at $0.69/share

Apr 7, 2017

Received

LWLG

$2.00K

LWLG at $0.68/share

Mar 8, 2017

Received

LWLG

$2.00K

LWLG at $0.78/share

Feb 8, 2017

Received

LWLG

$2.00K

LWLG at $0.58/share

Jan 6, 2017

Received

LWLG

$2.00K

LWLG at $0.59/share

Dec 9, 2016

Received

LWLG

$2.00K

LWLG at $0.63/share

Nov 9, 2016

Received

LWLG

$2.00K

LWLG at $0.67/share

Oct 11, 2016

Received

LWLG

$2.00K

LWLG at $0.71/share

Sep 13, 2016

Received

Compensation History

See how much did Dr. Michael S. Lebby make over time.

Dr. Lebby’s compensation package illustrates a strong blend of base salary, bonuses, and stock options. In 2023, his total compensation reached $1,464,381, primarily driven by a $420,000 salary and a performance-based cash bonus of $74,025. Vested stock options added a hefty $1,044,000 to his earnings, indicating trust in the company's performance metrics. His compensation has seen varied growth over the years, starting from significantly lower figures in previous years, which reflects his rising influence and the company’s developing potential. In 2022, he earned just over $534,791, showing the connection between his performance and the company's achievements. His strategic focus remains tightly aligned with shareholder interests, underlining a philosophy designed to motivate critical talent within the organization.

Year

2023

Total Compensation

$1.54M

Salary

$420.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate talented executives, aligning their interests with those of shareholders through a mix of base salary, cash bonuses, and long-term equity compensation.

Bonus

$74.03K

Board Justification

The cash bonus earned for the year 2023, based on the achievement of certain financial, strategic, and operational goals.

Other

$3.88K

Board Justification

Other compensation includes benefits such as health and welfare benefits, disability benefits, and contributions to a 401(k) plan.

Restricted Stock

$1.04M(200K options)

Board Justification

The stock options granted to Dr. Lebby that vested in 2023, specifically 50,006 options that vested on March 16, 2023, with the remaining options vesting in monthly installments thereafter.

Performance Metrics

The performance metrics considered for determining Dr. Lebby's compensation in 2023 included financial, strategic, and operational goals achieved by the Company.

Other Lightwave Logic, Inc. CEOs

Here are other CEOs of Lightwave Logic, Inc.

James S. Marcelli

Ex-CEO of Lightwave Logic, Inc.

August 2008 - April 2023

Yves LeMaitre

CEO of Lightwave Logic, Inc.

December 2024 - Present