VirnetX Holding Management
Management criteria checks 2/4
VirnetX Holding's CEO is Kendall Larsen, appointed in Jun 2007, has a tenure of 17.33 years. total yearly compensation is $2.10M, comprised of 37.6% salary and 62.4% bonuses, including company stock and options. directly owns 11.11% of the company’s shares, worth $2.65M. The average tenure of the management team and the board of directors is 13.5 years and 5.6 years respectively.
Key information
Kendall Larsen
Chief executive officer
US$2.1m
Total compensation
CEO salary percentage | 37.6% |
CEO tenure | 17.3yrs |
CEO ownership | 11.1% |
Management average tenure | 13.5yrs |
Board average tenure | 5.6yrs |
Recent management updates
Recent updates
Will VirnetX Holding (NYSE:VHC) Spend Its Cash Wisely?
Oct 18Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet
Jun 07We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate
Feb 24We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate
Aug 10Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation
Apr 19Companies Like VirnetX Holding (NYSE:VHC) Can Afford To Invest In Growth
Jan 04VirnetX Holding (NYSE:VHC) Is In A Strong Position To Grow Its Business
Aug 23VirnetX shares up 13% after jury tells Apple to pay $503M in patent damages
Nov 02CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
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 ($USD661.09K).
Compensation vs Earnings: Kendall's compensation has increased whilst the company is unprofitable.
CEO
Kendall Larsen (67 yo)
17.3yrs
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 |
---|---|---|---|---|
Chairman of the Board of Directors | 17.3yrs | US$2.10m | 11.11% $ 2.6m | |
Chief Financial Officer | 3.1yrs | US$636.98k | 0.038% $ 9.0k | |
Chief Scientist & Director | 18.4yrs | US$2.20m | 0.33% $ 77.7k | |
Co-Founder | no data | no data | 1.17% $ 278.5k | |
Chief Operating Officer | less than a year | no data | 0.16% $ 37.2k | |
Chief Technology Officer | 3.1yrs | no data | no data | |
Vice President of Corporate Communications | 13.5yrs | no data | no data | |
Vice President of Corporate Development & Product Marketing | 17.3yrs | no data | no data |
13.5yrs
Average Tenure
66yo
Average Age
Experienced Management: VHC's management team is seasoned and experienced (13.5 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman of the Board of Directors | 17.3yrs | US$2.10m | 11.11% $ 2.6m | |
Chief Scientist & Director | 14.3yrs | US$2.20m | 0.33% $ 77.7k | |
Independent Director | 17.3yrs | US$87.26k | 0.33% $ 78.7k | |
Member of Strategic Defense Advisory Board | less than a year | no data | no data | |
Independent Director | 17.3yrs | US$82.01k | 0.20% $ 46.8k | |
Member of Strategic Defense Advisory Board | less than a year | no data | no data | |
Independent Director | 10.8yrs | US$73.11k | 0.10% $ 23.9k | |
Director | less than a year | no data | 0.60% $ 143.6k | |
Member of Strategic Defense Advisory Board | less than a year | no data | no data | |
Member of Strategic Defense Advisory Board | less than a year | no data | no data |
5.6yrs
Average Tenure
62.5yo
Average Age
Experienced Board: VHC's board of directors are considered experienced (5.6 years average tenure).