VirnetX Holding Management
Management criteria checks 3/4
VirnetX Holding's CEO is Kendall Larsen, appointed in Jun 2007, has a tenure of 16.58 years. total yearly compensation is $1.53M, comprised of 49.8% salary and 50.2% bonuses, including company stock and options. directly owns 10.18% of the company’s shares, worth €2.10M. The average tenure of the management team and the board of directors is 10.5 years and 15.3 years respectively.
Key information
Kendall Larsen
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 49.8% |
| CEO tenure | 16.6yrs |
| CEO ownership | 10.2% |
| Management average tenure | 10.5yrs |
| Board average tenure | 15.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | -US$45m |
| Jun 30 2023 | n/a | n/a | -US$44m |
| Mar 31 2023 | n/a | n/a | -US$37m |
| Dec 31 2022 | US$2m | US$759k | -US$36m |
| Sep 30 2022 | n/a | n/a | -US$18m |
| Jun 30 2022 | n/a | n/a | -US$17m |
| Mar 31 2022 | n/a | n/a | -US$20m |
| Dec 31 2021 | US$2m | US$730k | -US$43m |
| Sep 30 2021 | n/a | n/a | -US$44m |
| Jun 30 2021 | n/a | n/a | -US$45m |
| Mar 31 2021 | n/a | n/a | -US$46m |
| Dec 31 2020 | US$3m | US$702k | US$280m |
| Sep 30 2020 | n/a | n/a | US$283m |
| Jun 30 2020 | n/a | n/a | US$282m |
| Mar 31 2020 | n/a | n/a | US$286m |
| Dec 31 2019 | US$1m | US$725k | -US$19m |
| Sep 30 2019 | n/a | n/a | -US$21m |
| Jun 30 2019 | n/a | n/a | -US$21m |
| Mar 31 2019 | n/a | n/a | -US$23m |
| Dec 31 2018 | US$2m | US$697k | -US$25m |
| Sep 30 2018 | n/a | n/a | -US$25m |
| Jun 30 2018 | n/a | n/a | -US$24m |
| Mar 31 2018 | n/a | n/a | -US$21m |
| Dec 31 2017 | US$1m | US$666k | -US$17m |
Compensation vs Market: Kendall's total compensation ($USD1.53M) is above average for companies of similar size in the German market ($USD398.30K).
Compensation vs Earnings: Kendall's compensation has been consistent with company performance over the past year.
CEO
Kendall Larsen (66 yo)
16.6yrs
Tenure
US$1,526,259
Compensation
Mr. Kendall Larsen has been the Chief Executive Officer of VirnetX Holding Corp since June 10, 2007 and serves as its President since July 5, 2007 respectively and VirnetX Inc. since August 2005. Mr. Larse...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board of Directors | 16.6yrs | US$1.53m | 10.18% $ 2.1m | |
| Chief Financial Officer | 2.3yrs | US$526.58k | 0.039% $ 8.0k | |
| Chief Scientist & Director | 17.7yrs | US$915.01k | 0.34% $ 69.4k | |
| Co-Founder | no data | no data | 1.12% $ 230.8k | |
| Chief Operating Officer | no data | no data | 0.22% $ 45.4k | |
| Chief Technology Officer | 2.3yrs | no data | no data | |
| Vice President of Corporate Communications | 12.8yrs | no data | no data | |
| Vice President of Corporate Development & Product Marketing | 16.5yrs | no data | no data | |
| Vice President of Worldwide Sales | 8.3yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data |
10.5yrs
Average Tenure
64yo
Average Age
Experienced Management: VN20's management team is seasoned and experienced (10.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board of Directors | 16.6yrs | US$1.53m | 10.18% $ 2.1m | |
| Chief Scientist & Director | 13.5yrs | US$915.01k | 0.34% $ 69.4k | |
| Member of Advisory Board | 15.3yrs | no data | no data | |
| Independent Director | 16.5yrs | US$90.64k | 0.33% $ 67.9k | |
| Member of Advisory Board | 15.3yrs | no data | no data | |
| Independent Director | 16.5yrs | US$92.39k | 0.19% $ 39.4k | |
| Member of Advisory Board | 15.3yrs | no data | no data | |
| Independent Director | 10yrs | US$83.49k | 0.092% $ 19.0k |
15.3yrs
Average Tenure
66yo
Average Age
Experienced Board: VN20's board of directors are seasoned and experienced ( 15.3 years average tenure).