Advaxis (ADXS) has released an update to notify the public and investors about its officers.
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The Compensation Committee of a company has approved substantial transaction bonuses for top executives upon the successful closing of an Asset Purchase. The President and CEO, Ken Berlin, will receive $1.6 million, CFO Roy Golan is set to get $450,000, and the Chief Medical Officer and Executive VP, Dr. Andres Gutierrez, is awarded $800,000, all in cash. This move reflects significant financial rewards tied to corporate milestones and provides an interesting insight into executive compensation practices within the financial markets.
For further insights into ADXS corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.