In 2023, Michael E. Castagna earned $9.59M in total compensation at Mannkind, including $701.55K salary, $808.18K bonus and $8.06M in stock. Most recently sold 85,106 shares in Aug 2024. Currently holds stock worth $49.15M. Has donated $189.80K in stock to charitable causes. 8+ years at the helm of Mannkind.
Compensation History
Annual executive compensation data for Michael E. Castagna, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$9.59M
Salary
$701.55K
Bonus
$808.18K
Other
$21.84K
Salary
$701.55KBoard Justification
The compensation philosophy is to provide a competitive compensation package that aligns with the company's performance and market benchmarks, focusing on attracting and retaining qualified executives while promoting long-term stockholder value.
Bonus
$808.18KBoard Justification
The annual cash incentive awards under the STI plan are based on individual performance in the achievement of corporate objectives. Performance is compared to these objectives annually, with the company achieving 144% of its corporate goals for 2023.
Other Compensation
$21.84KBoard Justification
Includes employer contributions to the 401(k) plan and medical benefits.
Restricted Stock
Board Justification
The stock awards that vested in 2023 were primarily from restricted stock units, which are tied to the company's performance and vesting schedules.
Performance Metrics
The performance metrics for 2023 included total revenue, total shareholder return, and specific operational goals related to production and business development.
Michael E. Castagna
CEO of Mannkind
Education
PharmD from Albany College of Pharmacy
Field of Expertise
Healthcare & Life Sciences - Pharmaceuticals
Sector of Economy
Healthcare
Born
January 1, 1976 - 49 years ago
CEO of Mannkind for
8 years 7 months (May 2017 - Present)
Previous Experience
Chief Commercial Officer at MannKind Corporation
Other Mannkind CEOs
Holdings
Track Michael E. Castagna's stock holdings and portfolio value over time.
Total Stock Sold
$3.19M
$3.19M
695,588 MNKD shares
What if they kept their stock?
If Michael E. Castagna didn't sell their stock, today they would have:
Extra MNKD695,588 shares worth $4.01M.
This is 25.93% and $826.46K more than what they got when they sold the stock.
Charitable Transactions
32,894 shares
MNKD
Recent Charitable Transactions
32,894 shares
MNKD
Aug 27, 2024
Charity
Insider Trading
Michael E. Castagna's recent stock transactions, purchases, and sales filed with the SEC.
32,894 shares
MNKD
Aug 27, 2024
Charity
$536.17K
MNKD at $6.30/share
Aug 27, 2024
Sale
$15.45K
MNKD at $3.09/share
Jul 15, 2024
Received
$1.02M
MNKD at $4.59/share
May 17, 2024
Received
465,000 shares
MNKD
May 15, 2024
Received
$115.96K
MNKD at $3.27/share
Jun 30, 2023
Received
$801.93K
MNKD at $4.00/share
Dec 14, 2023
Sale
$42.50K
MNKD at $4.25/share
Nov 1, 2023
Sale
$46.10K
MNKD at $4.61/share
Oct 2, 2023
Sale
$40.80K
MNKD at $4.08/share
Oct 2, 2023
Sale
Rivals
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