Sundar PichaiSundar Pichai earned $164M in 2023

Federico Grossi, M.D., Ph.D., served as the Chief Medical Officer at Apellis Pharmaceuticals until his departure on January 3, 2023. His career showcases a strong focus on medicine and clinical development, bringing years of leadership experience to the biopharmaceutical field....

Quick Links
A

Federico Grossi, M.D., Ph.D.

Ex-CEO of Apellis Pharmaceuticals, Inc.

Field of Expertise

Healthcare & Life Sciences - Medicine

Sector of Economy

Healthcare

CEO of Apellis Pharmaceuticals, Inc. for

Until January 2023

Previous Experience

Chief Medical Officer at Apellis Pharmaceuticals, Inc.

Rivals

Competitors/colleagues of Federico Grossi, M.D., Ph.D.

Holdings

See how much did Federico Grossi, M.D., Ph.D. make over time.

During his time with Apellis Pharmaceuticals, Dr. Grossi held significant ownership of company shares, which became a notable part of his wealth. However, after his departure in early 2023, this financial stake represented a shifting landscape in his personal holdings....

Total Stock Sold

$2.24M

APLS

$2.24M

45,956 APLS shares

What if they kept their stock?

If Federico Grossi, M.D., Ph.D. didn't sell their stock, today they would have:
Extra APLS45,956 shares worth $1.27M.
This is -43.03% and $962.07K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Federico Grossi, M.D., Ph.D..

APLS

$121.98K

APLS at $48.79/share

Jan 5, 2023

Sale

APLS

$124.83K

APLS at $49.93/share

Dec 1, 2022

Sale

APLS

$152.08K

APLS at $60.83/share

Nov 1, 2022

Sale

APLS

$166.73K

APLS at $66.69/share

Oct 3, 2022

Sale

APLS

$150.75K

APLS at $60.30/share

Sep 1, 2022

Sale

APLS

$139.98K

APLS at $55.99/share

Aug 1, 2022

Sale

APLS

$104.45K

APLS at $41.78/share

Jun 1, 2022

Sale

APLS

$108.90K

APLS at $43.56/share

Apr 21, 2022

Sale

APLS

$14.84K

APLS at $39.57/share

Mar 15, 2022

Sale

APLS

$16.32K

APLS at $43.53/share

Mar 1, 2022

Sale

Compensation History

See how much did Federico Grossi, M.D., Ph.D. make over time.

In 2023, Federico Grossi earned a total compensation of $1,411,838 from Apellis Pharmaceuticals. This amount included a base salary of $741,000 and a performance-based bonus of $694,688, which was 125% of his target bonus due to exceeding company performance metrics. His role focused on leading clinical development and pushing for regulatory approvals, which was integral to the company’s strategy during his time there. In 2022, his total compensation had soared to $9,195,563, which reflected a significant increase driven by performance and success in clinical trials, showcasing the pay-for-performance philosophy deeply rooted in the organization.

Year

2023

Total Compensation

$1.44M

Salary

$741.00K

Board Justification

The compensation program is designed to attract, motivate, and retain executives, aligning their interests with those of stockholders through a pay-for-performance philosophy.

Bonus

$694.69K

Board Justification

Annual cash incentive program based on company performance metrics, resulting in a payout of 125% of target.

Other

$7.13K

Board Justification

Other compensation includes life insurance premiums and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

Performance metrics for 2023 included attainment of net product revenues for EMPAVELI and SYFOVRE, achievement of regulatory objectives, and progress of clinical trials.