Erica J. Rogers has been the CEO of Silk Road Medical since 2012, leading the company through critical growth phases in the healthcare industry. With a B.S. in Electrical Engineering from Stanford University, Erica brings strong engineering and technical expertise...

Erica J. Rogers has been the CEO of Silk Road Medical since 2012, leading the company through critical growth phases in the healthcare industry. With a B.S. in Electrical Engineering from Stanford University, Erica brings strong engineering and technical expertise to her role. She announced plans to retire in late 2023 after over 11 years of service, ensuring a smooth transition for leadership. Throughout her tenure, she has focused on aligning executive compensation with company performance, promoting revenue growth and innovation. Under her leadership, Silk Road Medical has seen significant stock trading fluctuations, with notable trading peaks around $24.36 million in 2021. Her total compensation for 2023 was approximately $3.75 million, which included a salary of $650,000 and a sizable retirement bonus based on her accomplishments. As a hands-on leader, Erica has emphasized the importance of achieving operational targets, navigating challenges from the COVID-19 pandemic while contributing to the company’s overall success. Her experience and strategic vision have shaped Silk Road Medical's trajectory in the medical device sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Silk Road Medical CEOs

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Erica J. Rogers

Ex-CEO of Silk Road Medical

Education

B.S. in Electrical Engineering from Stanford University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Healthcare

Born

January 1, 1967 - 58 years ago

CEO of Silk Road Medical for

11 years 0 months (Nov 2012 - Nov 2023)

Previous Experience

Various leadership roles in the medical device industry

Rivals

Competitors/colleagues of Erica J. Rogers

Holdings

See how much did Erica J. Rogers make over time.

Throughout her time at Silk Road Medical, Erica J. Rogers's stock holdings saw significant fluctuations. In 2023, there were monthly trading values as high as $24.36 million, showcasing her active involvement in the market. These values reflect market reactions to...

Throughout her time at Silk Road Medical, Erica J. Rogers's stock holdings saw significant fluctuations. In 2023, there were monthly trading values as high as $24.36 million, showcasing her active involvement in the market. These values reflect market reactions to the company's performance and strategy under her guidance. Notably, her wealth peaked around stock values correlating with robust company performance. Her holdings and trading activity highlight the risks and opportunities that define an executive's stake in their company's success, showing a diverse approach to income and investment. In retirement, she still holds significant value in Silk Road Medical stock, with more than $3 million vested, pointing to her long-term commitment to the company's mission.

Total Stock Sold

$25.80M

SILK

$25.80M

549,273 SILK shares

What if they kept their stock?

If Erica J. Rogers didn't sell their stock, today they would have:
Extra SILK549,273 shares worth $19.04M.
This is -26.21% and $6.76M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Erica J. Rogers.

SILK

$31.56K

SILK at $31.56/share

Jul 11, 2023

Sale

SILK

$32.13K

SILK at $32.13/share

May 19, 2023

Sale

SILK

$13.27K

SILK at $26.17/share

May 19, 2023

Received

SILK

$106.53K

SILK at $35.51/share

May 11, 2023

Sale

SILK

$238.64K

SILK at $39.77/share

Apr 11, 2023

Sale

SILK

$253.39K

SILK at $42.23/share

Mar 13, 2023

Sale

SILK

$849.90K

SILK at $47.10/share

Mar 2, 2023

Sale

SILK

40,976 shares

SILK

Mar 2, 2023

Received

SILK

$305.63K

SILK at $50.94/share

Feb 13, 2023

Sale

SILK

$309.18K

SILK at $51.53/share

Jan 11, 2023

Sale

Compensation History

See how much did Erica J. Rogers make over time.

In 2023, Erica earned a total compensation of approximately $3.75 million, which includes a base salary of $650,000 and a retirement bonus of around $559,650 based on company performance. Her compensation structure links her earnings to the firm's success, illustrating a performance-driven philosophy. Over the past years, her compensation fluctuated alongside the company’s market presence, with notable amounts exceeding $15 million in previous years, highlighting her impactful leadership. The company's incentive plans focus on solid performance metrics like revenue growth and operational efficiency, which enables executives like Erica to be rewarded handsomely for aligning with shareholder interests. This creates a direct connection between executive performance, company success, and compensation.

Year

2023

Total Compensation

$4.71M

Salary

$650.00K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and market benchmarks, ensuring competitive pay to attract and retain top talent.

Bonus

$559.65K

Board Justification

The full 2023 annual bonus calculated based on achievement of corporate performance goals, paid upon retirement.

Other

$116.35K

Board Justification

Includes health insurance reimbursement under COBRA and other minor benefits.

Restricted Stock

$3.38M(408.73K RSU)

Board Justification

The value of the vested RSUs as of her retirement date, calculated based on the closing stock price on November 2, 2023.

Performance Metrics

Revenue growth, operating expense management, and gross margin were the key performance metrics for determining bonuses.

Other Silk Road Medical CEOs

Here are other CEOs of Silk Road Medical

Charles (Chas) McKhann

CEO of Silk Road Medical

November 2023 - Present