VirnetX Holding Management

Management criteria checks 2/4

VirnetX Holding's CEO is Kendall Larsen, appointed in Jun 2007, has a tenure of 17.42 years. total yearly compensation is $2.10M, comprised of 37.6% salary and 62.4% bonuses, including company stock and options. directly owns 10.87% of the company’s shares, worth $2.24M. The average tenure of the management team and the board of directors is 13.6 years and 5.7 years respectively.

Key information

Kendall Larsen

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	37.6%
CEO tenure	17.4yrs
CEO ownership	10.9%
Management average tenure	13.6yrs
Board average tenure	5.7yrs

Recent management updates

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Jun 07

Recent updates

Will VirnetX Holding (NYSE:VHC) Spend Its Cash Wisely?

Oct 18

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Jun 07

We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate

Feb 24

We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate

Aug 10

Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation

Apr 19

CEO Compensation Analysis

How has Kendall Larsen's remuneration changed compared to VirnetX Holding's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$19m
Jun 30 2024	n/a	n/a	-US$20m
Mar 31 2024	n/a	n/a	-US$28m
Dec 31 2023	US$2m	US$790k	-US$28m
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 ($USD2.10M) is above average for companies of similar size in the US market ($USD647.72K).

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

CEO

Kendall Larsen (67 yo)

17.4yrs

Tenure

US$2,099,250

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
Kendall Larsen	Chairman of the Board of Directors	17.4yrs	US$2.10m	10.87% $ 2.2m
Katherine Allanson	Chief Financial Officer	3.2yrs	US$636.98k	0.84% $ 173.8k
Robert Short	Chief Scientist & Director	18.5yrs	US$2.20m	1.14% $ 236.3k
Kathleen Larsen	Co-Founder	no data	no data	2.81% $ 580.2k
Darl McBride	Chief Operating Officer	less than a year	no data	0.16% $ 32.3k
Victor Larson	Chief Technology Officer	3.2yrs	no data	no data
Greg Wood	Vice President of Corporate Communications	13.6yrs	no data	no data
Sameer Mathur	Vice President of Corporate Development & Product Marketing	17.3yrs	no data	no data

13.6yrs

Average Tenure

66yo

Average Age

Experienced Management: VHC's management team is seasoned and experienced (13.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kendall Larsen	Chairman of the Board of Directors	17.4yrs	US$2.10m	10.87% $ 2.2m
Robert Short	Chief Scientist & Director	14.3yrs	US$2.20m	1.14% $ 236.3k
Thomas O'Brien	Independent Director	17.3yrs	US$87.26k	0.33% $ 68.3k
Lance Lord	Member of Strategic Defense Advisory Board	less than a year	no data	no data
Michael Angelo	Independent Director	17.3yrs	US$82.01k	0.20% $ 40.6k
Daniel Leaf	Member of Strategic Defense Advisory Board	less than a year	no data	no data
Gary Feiner	Independent Director	10.8yrs	US$73.11k	0.10% $ 20.8k
Heidy Kingwan Chow	Director	less than a year	no data	0.60% $ 124.5k
Nina Armagno	Member of Strategic Defense Advisory Board	less than a year	no data	no data
A Ballard	Member of Strategic Defense Advisory Board	less than a year	no data	no data

5.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: VHC's board of directors are considered experienced (5.7 years average tenure).

VirnetX Holding Management

Management criteria checks 2/4

Key information

Recent management updates

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

VirnetX Holding Corporation, Annual General Meeting, Jun 13, 2024

VirnetX Announces Strategic Defense Advisory Board

VirnetX Holding Corporation Appoints Darl Mcbride as Chief Operating Officer, Effective from January 1, 2024

Insider recently sold US$3.6m worth of stock

Insufficient new directors

Recent updates

Third quarter 2024 earnings released: US$1.07 loss per share (vs US$1.36 loss in 3Q 2023)

Will VirnetX Holding (NYSE:VHC) Spend Its Cash Wisely?

VirnetX Receives NYSE Notification Regarding Non-Compliance with Section 802.01B of the NYSE's Listed Company Manual

Second quarter 2024 earnings released: US$1.07 loss per share (vs US$3.18 loss in 2Q 2023)

New major risk - Share price stability

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

First quarter 2024 earnings released: US$1.19 loss per share (vs US$1.25 loss in 1Q 2023)

VirnetX Holding Corporation, Annual General Meeting, Jun 13, 2024

VirnetX Announces Strategic Defense Advisory Board

New minor risk - Shareholder dilution

Full year 2023 earnings released: US$7.79 loss per share (vs US$10.17 loss in FY 2022)

We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate

VirnetX Holding Corporation Appoints Darl Mcbride as Chief Operating Officer, Effective from January 1, 2024

Third quarter 2023 earnings released: US$1.36 loss per share (vs US$1.20 loss in 3Q 2022)

New major risk - Share price stability

First half 2023 earnings released: US$0.22 loss per share (vs US$0.11 loss in 1H 2022)

We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate

VirnetX Holding Receives Notice from NYSE Regarding its Common Stock Not in Compliance with Rule 802.01C

Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation

Inaugural dividend of US$1.00 per share

Insider recently sold US$3.6m worth of stock

Companies Like VirnetX Holding (NYSE:VHC) Can Afford To Invest In Growth

Insufficient new directors

Third quarter 2022 earnings released: US$0.06 loss per share (vs US$0.047 loss in 3Q 2021)

VirnetX Holding (NYSE:VHC) Is In A Strong Position To Grow Its Business

Second quarter 2022 earnings released: US$0.062 loss per share (vs US$0.05 loss in 2Q 2021)

Insufficient new directors

VirnetX Holding Corp(NYSE:VHC) dropped from Russell 2000 Value Index

VirnetX Holding Corp announced delayed 10-Q filing

VirnetX Holding Corporation Launches Matrix to Secure Internet Applications and Services

VirnetX Holding Launches War Room to Secure Video Conference Meetings

VirnetX Holding Corp(NYSE:VHC) dropped from Russell 2000 Defensive Index

VirnetX Submits Agreed Bill of Costs and Prejudgement Interest of $75.7 Million in Apple Suit

VirnetX Hires Darl McBride as Chief Operating Officer for Japanese Subsidiary, VirnetX KK

VirnetX shares up 13% after jury tells Apple to pay $503M in patent damages

Dallas Law Firm Caldwell Cassady & Curry Helps Virnetx Win $502.8 Million Patent Verdict Against Apple

VirnetX Provides Written Notice to Delist Common Stock from NYSE American

New 90-day low - US$5.14

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age