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Hugh Martin served as the CEO of Pacific Biosciences of California, Inc. for a brief period in early 2012. His leadership came at a time when the company was focused on advancing DNA sequencing technologies, essential for many modern scientific...

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Hugh Martin

Ex-CEO of Pacific Biosciences of California

Sector of Economy

Healthcare

CEO of Pacific Biosciences of California for

0 years 0 months (Jan 2012 - Jan 2012)

Previous Experience

Previously served as Vice President and Principal Accounting Officer at Pacific Biosciences of California, Inc.

Holdings

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Hugh Martin's stock holdings at Pacific Biosciences showed considerable changes over a few years. Initially, he held over 1.3 million shares, including significant stock options. His wealth in stocks peaked notably in January 2021, reaching around $14.52 million before gradually...

Mar 18, 2025

Insider Trading

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No insider trades found for this CEO.

Compensation History

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In 2012, Hugh Martin's total compensation was around $304,615. This amount included a regular salary of $46,615 and other benefits, but notably excluded any cash bonuses as he did not participate in the bonus program that year. Martin’s compensation was primarily structured through stock options, emphasizing an alignment with long-term performance and shareholder value. His pay structure was a reflection of the company's philosophy, designed to incentivize executives based on the company's success. After resigning from his CEO role, Martin received a lump sum payment for his severance, demonstrating the company’s commitment to its long-term leaders even during transitions.

Year

2012

Total Compensation

$25.23K

Salary

$4.62K

Board Justification

The compensation philosophy aligns with company performance and aims to retain key executives while providing competitive compensation packages.

Bonus

$0.00

Board Justification

Hugh Martin did not participate in a cash incentive bonus program for the fiscal 2012 performance period.

Other

$20.62K

Board Justification

This includes approximately $20,000 in health care benefits subsequent to his resignation.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2012 as he did not receive any stock grants during the year.

Performance Metrics

Performance metrics were not applicable as Hugh Martin did not participate in the cash incentive bonus program.

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