argenx Management

Management criteria checks 2/4

argenx's CEO is Tim Van Hauwermeiren, appointed in Apr 2008, has a tenure of 9.75 years. total yearly compensation is $11.94M, comprised of 5.5% salary and 94.5% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €38.33M. The average tenure of the management team and the board of directors is 2.2 years and 7 years respectively.

Key information

Tim Van Hauwermeiren

Chief executive officer

US$11.9m

Total compensation

CEO salary percentage	5.5%
CEO tenure	16yrs
CEO ownership	0.2%
Management average tenure	2.2yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Van Hauwermeiren's remuneration changed compared to argenx's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$12m	US$656k	-US$295m
Sep 30 2023	n/a	n/a	-US$234m
Jun 30 2023	n/a	n/a	-US$397m
Mar 31 2023	n/a	n/a	-US$511m
Dec 31 2022	US$8m	US$639k	-US$710m
Sep 30 2022	n/a	n/a	-US$909m
Jun 30 2022	n/a	n/a	-US$907m
Mar 31 2022	n/a	n/a	-US$595m
Dec 31 2021	US$7m	US$652k	-US$408m
Sep 30 2021	n/a	n/a	-US$373m
Jun 30 2021	n/a	n/a	-US$319m
Mar 31 2021	n/a	n/a	-US$573m
Dec 31 2020	US$9m	US$641k	-US$608m
Sep 30 2020	n/a	n/a	-US$535m
Jun 30 2020	n/a	n/a	-US$359m
Mar 31 2020	n/a	n/a	-US$275m
Dec 31 2019	US$7m	US$589k	-US$181m
Sep 30 2019	n/a	n/a	-US$109m
Jun 30 2019	n/a	n/a	-US$104m
Mar 31 2019	n/a	n/a	-US$47m
Dec 31 2018	US$5m	US$573k	-US$76m
Sep 30 2018	n/a	n/a	-US$56m
Jun 30 2018	n/a	n/a	-US$47m
Mar 31 2018	n/a	n/a	-US$46m
Dec 31 2017	US$4m	US$365k	-US$34m

Compensation vs Market: Tim's total compensation ($USD11.94M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Tim's compensation has increased whilst the company is unprofitable.

CEO

Tim Van Hauwermeiren (51 yo)

16yrs

Tenure

US$11,944,835

Compensation

Mr. Timothy Van Hauwermeiren, also known as Tim, MSc, EMBA, has been Independent Director at iTeos Therapeutics, Inc. since June 2018. Mr. Van Hauwermeiren has general management and business development e...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Van Hauwermeiren	CEO & Executive Director	16yrs	US$11.94m	0.19% $ 38.3m
Karl Gubitz	Chief Financial Officer	2.8yrs	US$4.76m	0.0042% $ 863.0k
Karen Massey	Chief Operating Officer	1.1yrs	US$7.65m	no data
Filip Borgions	VP & Global Head of Technical Operations	2yrs	no data	no data
Peter Ulrichts	Chief Scientific Officer	1.3yrs	no data	0.00087% $ 180.1k
Beth DelGiacco	VP and Global Head of Corporate Communications & Investor Relations	2yrs	no data	no data
Malini Moorthy	General Counsel	2.2yrs	no data	0% $ 0
Arjen Lemmen	Vice President of Corporate Development & Strategy	4.8yrs	no data	0.0021% $ 428.4k
Marc Schorpion	Global Head of Human Resources	5.3yrs	no data	no data
Andria Wilk	Global Head of Quality	4.3yrs	no data	0.00050% $ 103.5k
Luc Truyen	Chief Medical Officer	2yrs	no data	0.0027% $ 569.1k

2.2yrs

Average Tenure

51yo

Average Age

Experienced Management: 1AE's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Van Hauwermeiren	CEO & Executive Director	9.8yrs	US$11.94m	0.19% $ 38.3m
J. deBethizy	Independent Vice-Chairman of the Board	8.9yrs	US$482.23k	0.00076% $ 157.3k
Peter K. Verhaeghe	Independent Chairman of the Board	9.8yrs	US$660.33k	0.00076% $ 157.3k
Anthony Rosenberg	Independent Non-Executive Director	7yrs	US$476.82k	0.00076% $ 157.3k
James Daly	Independent Non-Executive Director	5.9yrs	US$482.23k	0.00076% $ 157.3k
Pamela M. Klein	Independent Non-Executive Director	8yrs	US$471.41k	0.00076% $ 157.3k
Hans de Haard	Member of Board Advisors	no data	no data	0.62% $ 128.8m
David Lacey	Member of Board Advisors	no data	US$622.58k	no data
Steve Krognes	Independent Non-Executive Director	1.2yrs	US$635.65k	0.00022% $ 45.5k
Camilla Sylvest	Independent Non-Executive Director	1.6yrs	US$365.24k	0.00038% $ 78.6k
Robert Woods	Member of Board Advisors	1.1yrs	US$656.08k	0.0056% $ 1.2m
Wim Parys	Member of Board Advisors	no data	no data	no data

7.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 1AE's board of directors are considered experienced (7 years average tenure).

argenx Management

Management criteria checks 2/4

Key information

Recent management updates

argenx SE, Annual General Meeting, May 07, 2024

CEO & Executive Director recently sold €1.0m worth of stock

Independent Chairman of the Board recently sold €3.8m worth of stock

CEO & Executive Director recently sold €1.9m worth of stock

CEO & Executive Director recently sold €118k worth of stock

argenx SE Announces Werner Lanthaler Will Resign as Non-Executive Director of Board and Chair of Audit and Compliance Committee

Recent updates

argenx SE Announces Data from its Phase 3 ADHERE Trial Evaluating VYVGART Hytrulo in Patients with Chronic Inflammatory Demyelinating Polyneuropathy

argenx Se Advances Clinical Development of Efgartigimod in Primary Sjogren's Disease

Argenx SE Announces Approval of Vyvgart (Efgartigimod Alfa) in Japan for Adults with Primary Immune Thrombocytopenia

Now 21% undervalued after recent price drop

Full year 2023 earnings released: US$5.16 loss per share (vs US$13.05 loss in FY 2022)

Forecast to breakeven in 2025

argenx SE Announces FDA Acceptance of Supplemental Biologics License Application with Priority Review for VYVGART Hytrulo in Chronic Inflammatory Demyelinating Polyneuropathy

argenx SE Announces Approval of VYVDURA (efgartigimod Alfa and Hyaluronidase-qvfc) Injection for Subcutaneous Use in Japan for Generalized Myasthenia Gravis

argenx SE, Annual General Meeting, May 07, 2024

CEO & Executive Director recently sold €1.0m worth of stock

argenx SE Reports Topline Results from ADDRESS Study of Efgartigimod SC in Pemphigus

Forecast to breakeven in 2025

argenx SE Reports Topline Results from ADVANCE-SC Study of VYVGART Hytrulo in Primary Immune Thrombocytopenia

argenx SE Announces European Commission Approval of Subcutaneous VYVGART (efgartigimod alfa) for Generalized Myasthenia Gravis

Argenx Se Announces 20 Presentations of Clinical Trial and Real-World Data from Studies of Vyvgart® and Vyvgart Hytrulo® (Vyvgart) in Neuromuscular Autoimmune Disease

Third quarter 2023 earnings released: US$1.25 loss per share (vs US$4.26 loss in 3Q 2022)

Independent Chairman of the Board recently sold €3.8m worth of stock

Argenx Announces VYVGART (Efgartigimod Alfa) Authorized for Sale by Health Canada for Generalized Myasthenia Gravis

CEO & Executive Director recently sold €1.9m worth of stock

Second quarter 2023 earnings released: US$1.69 loss per share (vs US$3.81 loss in 2Q 2022)

argenx SE to Report Fiscal Year 2023 Results on Feb 29, 2024

New minor risk - Shareholder dilution

New minor risk - Share price stability

Zai Lab and argenx Report Positive Topline Data from ADHERE Study of VYVGART Hytrulo in Patients with Chronic Inflammatory Demyelinating Polyneuropathy

Forecast to breakeven in 2025

Zai Lab and argenx Report Positive Topline Data from ADHERE Study of VYVGART Hytrulo in Patients with Chronic Inflammatory Demyelinating Polyneuropathy

Zai Lab Limited and argenx Announce Approval of VYVGART (efgartigimod alfa injection) for Generalized Myasthenia Gravis in China

argenx SE Announces U.S. Food and Drug Administration Approval of VYVGART Hytrulo Injection for Subcutaneous Use in Generalized Myasthenia Gravis

First quarter 2023 earnings released: US$0.52 loss per share (vs US$4.36 loss in 1Q 2022)

Forecast to breakeven in 2025

CEO & Executive Director recently sold €118k worth of stock

Full year 2022 earnings released: US$13.05 loss per share (vs US$7.99 loss in FY 2021)

argenx SE Receives Notification of PDUFA Date Extension for SC Efgartigimod

argenx SE Announces Werner Lanthaler Will Resign as Non-Executive Director of Board and Chair of Audit and Compliance Committee

Forecast to breakeven in 2025

argenx SE Appoints Ana Cespedes as Non-Executive Director to Its Board of Directors

argenx SE Announces U.S. FDA Acceptance of Biologics License Application for Subcutaneous Efgartigimod in Generalized Myasthenia Gravis with Priority Review

Insufficient new directors

Independent Non-Executive Director recently sold €960k worth of stock

argenx SE Announces the Retirement of Hans De Haard as Chief Scientific Officer

Third quarter 2022 earnings released: US$4.26 loss per share (vs US$4.10 loss in 3Q 2021)

argenx SE to Report Q3, 2023 Results on Oct 27, 2023

argenx SE Submits Biologics License Application to U.S. Food and Drug Administration for Subcutaneous Efgartigimod for Treatment of Generalized Myasthenia Gravis

argenx Appoints Camilla Sylvest to Board of Directors

Argenx Announces European Commission Approval of VYVGART(TM) (Efgartigimod Alfa-Fcab) for the Treatment of Generalized Myasthenia Gravis

Second quarter 2022 earnings released: US$3.81 loss per share (vs US$2.02 profit in 2Q 2021)

argenx Receives Positive CHMP Opinion for Efgartigimod for the Treatment of Adult Patients with Generalized Myasthenia Gravis in Europe

argenx SE Announces Publication of Translational Data of Efgartigimod in Autoimmune Skin Blistering Diseases

First quarter 2022 earnings released: US$4.36 loss per share (vs US$0.81 loss in 1Q 2021)

argenx SE Announces Positive Phase 3 Data from ADVANCE Trial of VYVGART® (efgartigimod alfa-fcab) in Adults with Primary Immune Thrombocytopenia

Insufficient new directors

Argenx Presents Interim Results from ADAPT+ Open-Label Extension Study Evaluating VYVGART (Efgartigimod Alfa-Fcab) in Generalized Myasthenia Gravis at 2022 AAN Annual Meeting

argenx to Present New Data from Generalized Myasthenia Gravis Program at 2022 American Academy of Neurology Annual Meeting

argenx SE, Annual General Meeting, May 10, 2022

argenx SE, Annual General Meeting, May 10, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

argenx SE to Report Q3, 2022 Results on Oct 27, 2022

argenx SE to Report Q4, 2021 Results on Mar 03, 2022

argenx Announces VYVGART Approval in Japan for the Treatment of Generalized Myasthenia Gravis

Independent Non-Executive Director recently sold €2.3m worth of stock

Zai Lab Partner argenx Announces U.S. Food and Drug Administration (FDA) Approval of VYVGART™ (efgartigimod alfa-fcab) in Generalized Myasthenia Gravis

Third quarter 2021 earnings released: US$4.10 loss per share (vs US$3.92 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS US$2.02 (vs US$3.09 loss in 2Q 2020)

Chief Financial Officer Eric Castaldi has left the company

argenx Announces Publication of Phase 3 ADAPT Trial Results of Efgartigimod for the Treatment of Generalized Myasthenia Gravis in the Lancet Neurology

First quarter 2021 earnings released: US$0.81 loss per share (vs US$2.06 loss in 1Q 2020)

Full year 2020 earnings released: €11.65 loss per share (vs €4.22 loss in FY 2019)

Full year 2020 earnings released: €11.65 loss per share (vs €4.22 loss in FY 2019)

Revenue misses expectations