Sundar PichaiSundar Pichai earned $164M in 2023

Joseph C. Papa is a seasoned executive with over 35 years in the healthcare and pharmaceutical sectors. He recently took on the role of Chief Executive Officer at Emergent BioSolutions, Inc. This is a new chapter for him, but it...

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Joseph C. Papa

CEO of Emergent Biosolutions

Education

MBA from Northwestern University, Bachelor of Science in Pharmacy from the University of Connecticut.

Field of Expertise

Healthcare & Life Sciences - Pharmaceuticals

Sector of Economy

Healthcare

Born

October 1, 1955 - 69 years ago

CEO of Emergent Biosolutions for

1 year 4 months (Feb 2024 - Present)

Previous Experience

CEO and Chairman at Bausch and Lomb Corporation

Holdings

See how much did Joseph C. Papa make over time.

Joseph C. Papa has seen notable fluctuations in the value of his holdings, particularly during his tenure at Bausch + Lomb and Valeant Pharmaceuticals. In 2022, his holdings were valued as high as $40.67 million, peaking at this number in...

No data yet.

No data yet.

Total Stock Sold

$41.50M

PRGO

$41.50M

379,920 PRGO shares

What if they kept their stock?

If Joseph C. Papa didn't sell their stock, today they would have:
Extra PRGO379,920 shares worth $22.24M.
This is -46.41% and $19.26M less than what they got when they sold the stock.

Charitable Transactions

PRGO

52,555 shares

PRGO

Recent Charitable Transactions

PRGO

900 shares

PRGO

Mar 13, 2015

Charity

PRGO

1,155 shares

PRGO

Mar 24, 2014

Charity

PRGO

20,000 shares

PRGO

Dec 12, 2013

Charity

PRGO

1,800 shares

PRGO

Sep 3, 2013

Charity

PRGO

26,000 shares

PRGO

Aug 30, 2012

Charity

PRGO

500 shares

PRGO

Dec 6, 2011

Charity

Insider Trading

See recent insider trades of Joseph C. Papa.

BHC

108,254 shares

BHC

Mar 8, 2021

Received

BHC

74,150 shares

BHC

Mar 3, 2021

Received

BHC

81,040 shares

BHC

Feb 26, 2020

Received

BHC

21,248 shares

BHC

Sep 13, 2019

Received

BHC

$699.30K

BHC at $23.31/share

Sep 13, 2019

Purchase

BHC

$710.10K

BHC at $23.67/share

Feb 28, 2019

Purchase

BHC

30,000 shares

BHC

Feb 28, 2019

Received

BHC

81,182 shares

BHC

Feb 27, 2019

Received

Compensation History

See how much did Joseph C. Papa make over time.

In 2023, Joseph C. Papa's total compensation was about $9.5 million. This included a base salary of $283,077 and a total of $5.5 million in vested stock, which he earned as part of his separation agreement after leaving Bausch + Lomb. He was not eligible for a bonus that year, reflecting the company's focus on long-term incentives rather than short-term gains. His prior year's compensation in 2022 was significantly higher at around $2.8 million, primarily due to an annual bonus of $1.1 million based on performance metrics that year. His pay structure highlights a trend towards aligning executive compensation with the overall performance of the company, seeking to encourage management to focus on sustained growth and shareholder returns.

Year

2023

Total Compensation

$14.98M

Salary

$283.08K

Board Justification

The company maintains a pay-for-performance philosophy that aligns executive compensation with long-term business performance and shareholder interests.

Bonus

$0.00

Board Justification

Joseph C. Papa was not eligible for a bonus under the 2023 Annual Incentive Program (AIP).

Other

$9.25M

Board Justification

This amount includes severance payments made to Mr. Papa, which consists of a cash severance payment of $8 million, a pro-rated payment of $1,200,000 in lieu of an annual bonus for 2023, and $30,283 for continued health benefits for two years at active employee rates.

Restricted Stock

$5.45M(315.59K Founder RSUs)

Board Justification

Joseph C. Papa had 315,592 Founder RSUs that vested upon his termination of service on March 6, 2023, as part of his separation agreement.

Performance Metrics

The performance metrics for determining compensation included revenue growth and strategic priorities, with the total payout under the 2023 AIP being 104% based on performance.

Other Emergent Biosolutions CEOs

Here are other CEOs of Emergent Biosolutions