Management ChangeAug 3, 2026, 04:13 PM
Alkermes Appoints Jackson President & CEO, Details Compensation
AI Summary
Alkermes plc. provided additional information regarding the appointment of Mr. Jackson. Effective August 1, 2026, he has been appointed President and CEO, expanding his responsibilities from his previous COO role. Concurrently, Mr. Jackson was appointed as a director to the Board and a member of the Financial Operating Committee. His compensation package includes an annual base salary of $900,000, a target annual cash performance award of 100% of his base salary, and significant one-time equity awards totaling $8,000,000.
Key Highlights
- Mr. Jackson appointed President and CEO, effective August 1, 2026.
- Appointed to Alkermes Board of Directors, effective August 1, 2026.
- Annual base salary increased to $900,000 for President and CEO role.
- Target annual cash performance award set at 100% of new base salary.
- One-time promotion equity award granted with target value of $5,000,000.
- One-time special incentive performance equity award granted with target value of $3,000,000.
- New employment agreement includes severance benefits under certain conditions.
Price Impact
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