Sundar PichaiSundar Pichai earned $164M in 2023

Mark Gergen is the Chief Executive Officer of Poseida Therapeutics, Inc., a biotech company focused on developing innovative treatments. He took charge on February 1, 2022, following a leadership transition in the company. Gergen earned an MBA from Harvard Business...

Quick Links
P

Mark Gergen

Ex-CEO of Poseida Therapeutics, Inc.

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

January 1, 1972 - 53 years ago

CEO of Poseida Therapeutics, Inc. for

1 year 8 months (Feb 2022 - Oct 2023)

Previous Experience

President and Chief Business Officer of Poseida Therapeutics, Inc.

Rivals

Competitors/colleagues of Mark Gergen

Holdings

See how much did Mark Gergen make over time.

As of March 2023, Mark Gergen held about 813,469 shares in Poseida Therapeutics. His holdings reflect a mix of current stock and options, indicating a significant investment in the company’s future. Notably, Gergen's shares and options show the potential for...

Loading...

Total Stock Sold

$564.90K

PSTX

$564.90K

60,000 PSTX shares

What if they kept their stock?

If Mark Gergen didn't sell their stock, today they would have:
Extra PSTX60,000 shares worth $921.00K.
This is 63.04% and $356.10K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Mark Gergen.

PSTX

636,726 shares

PSTX

Jan 8, 2025

Sale

PSTX

$283.87K

PSTX at $9.46/share

Dec 10, 2024

Sale

PSTX

$278.10K

PSTX at $9.27/share

Nov 26, 2024

Sale

PSTX

125,000 shares

PSTX

Jan 2, 2024

Received

PSTX

269,586 shares

PSTX

Mar 1, 2023

Received

PSTX

357,200 shares

PSTX

Feb 1, 2022

Received

Compensation History

See how much did Mark Gergen make over time.

In 2023, Mark Gergen's total compensation reached approximately $961,797, with a base salary of $611,667. His pay structure included a substantial performance-based bonus of $336,420, emphasizing the importance of reaching corporate goals which he successfully met. Notably, Gergen did not receive stock or options that vested during 2023, which highlights a focus on cash compensation for motivating performance. His pay strategy aligns with the company's broader goals and competitive benchmarks in the biotech field, allowing Gergen to be more adaptive and responsive to performance metrics. In 2022, his total compensation was higher at around $1.24 million, mostly due to stock vesting, showcasing how dependent his earnings are on the company’s success. This compensation arrangement indicates a strong alignment between Gergen's efforts and the company’s performance, setting a clear goal-oriented framework for leadership.

Year

2023

Total Compensation

$961.80K

Salary

$611.67K

Board Justification

The compensation philosophy aligns with company performance and peer benchmarking, aiming to attract and retain top talent while incentivizing performance.

Bonus

$336.42K

Board Justification

The annual performance-based bonus for 2023 was based on achieving corporate goals set by the Board of Directors, with a target of 55% of annual base salary, resulting in a 100% payout due to meeting performance objectives.

Other

$13.71K

Board Justification

Other compensation includes 401(k) matching contributions and life insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

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

Performance Metrics

Performance metrics included corporate goals related to research and development, finance, and business development.