In 2023, James S. Marcelli earned $1.11M in total compensation at Lightwave Logic, Inc., including $367.50K salary, $58.98K bonus and $678.78K in stock. Most recently sold 57,000 shares in May 2023. Currently holds stock worth $2.65M. Led Lightwave Logic, Inc. as CEO for 14 years.
Compensation History
Annual executive compensation data for James S. Marcelli, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.11M
Salary
$367.50K
Bonus
$58.98K
Other
$3.02K
Salary
$367.50KBoard Justification
The compensation philosophy aims 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
$58.98KBoard Justification
The cash bonus for 2023 was determined based on the achievement of certain financial, strategic, and operational goals set by the Compensation Committee.
Other Compensation
$3.02KBoard Justification
Other compensation includes a salary gross-up for long-term disability premium payments.
Restricted Stock
Board Justification
The stock options granted to Mr. Marcelli on March 16, 2023, included 40,003 shares that vested immediately, with the remaining options vesting in equal monthly installments beginning on April 1, 2023.
Performance Metrics
The performance metrics considered for determining the compensation included financial, strategic, and operational goals achieved by the Company.
James S. Marcelli
Ex-CEO of Lightwave Logic, Inc.
Sector of Economy
Basic Materials
CEO of Lightwave Logic, Inc. for
14 years 8 months (Aug 2008 - Apr 2023)
Previous Experience
President and Chief Operating Officer of Lightwave Logic, Inc.
Other Lightwave Logic, Inc. CEOs
Holdings
Track James S. Marcelli's stock holdings and portfolio value over time.
Total Stock Sold
$262.20K
$262.20K
57,000 LWLG shares
What if they kept their stock?
If James S. Marcelli didn't sell their stock, today they would have:
Extra LWLG57,000 shares worth $236.55K.
This is -9.78% and $25.65K less than what they got when they sold the stock.
Insider Trading
James S. Marcelli's recent stock transactions, purchases, and sales filed with the SEC.
$260.26K
LWLG at $4.57/share
May 15, 2023
Sale
$5.00K
LWLG at $0.75/share
Jul 11, 2014
Purchase
Rivals
Compare James S. Marcelli with competitor CEOs and industry peers.