Sundar PichaiSundar Pichai earned $164M in 2023
L

Dr. Michael S. Lebby

Ex-CEO of Lightwave Logic, Inc.

Economy Sector

Basic Materials

Tenure

7 years 7 months (May 2017 - Dec 2024)

Previous Experience

President and CEO of OneChip Photonics, Inc.

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...

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.