VirnetX Holding Corporation's (NYSE:VHC) CEO Compensation Is Looking A Bit Stretched At The Moment

Simply Wall St.06-07

Key Insights VirnetX Holding's Annual General Meeting to take place on 13th of June CEO Kendall Larsen's total compensation includes salary of US$789.9k The overall pay is 253% above the ...

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CEO Kendall Larsen's total compensation includes salary of US$789.9k. The overall pay is 253% above the industry average. Over the past three years, VirnetX Holding's EPS grew by 8.7%  and over the past three years, the total loss to shareholders 88%. The underwhelming share price performance of VirnetX Holding Corporation  in the past three years would have disappointed many shareholders. However, what is unusual is that EPS growth has been positive, suggesting that the share price has diverged from fundamentals. These are some of the concerns that shareholders may want to bring up at the next AGM held on 13th of June. They could also influence management through voting on resolutions such as executive remuneration. We discuss below why we think shareholders should be cautious of approving a raise for the CEO at the moment.Comparing VirnetX Holding Corporation's CEO Compensation With The Industry. Over the past th","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NYSE":"纽交所","VHC":"VirnetX Holding","BK4023":"应用软件"},"translate_title":"VirnetX Holding Corporation（纽约证券交易所股票代码：VHC）首席执行官的薪酬目前看起来有点捉襟见肘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYSE":1,"VHC":1},"content_text":"Key Insights\n\n VirnetX Holding's Annual General Meeting to take place on 13th of June \n CEO Kendall Larsen's total compensation includes salary of US$789.9k \n The overall pay is 253% above the industry average \n Over the past three years, VirnetX Holding's EPS grew by 8.7%  and over the past three years, the total loss to shareholders 88% \n\n The underwhelming share price performance of VirnetX Holding Corporation (NYSE:VHC) in the past three years would have disappointed many shareholders. However, what is unusual is that EPS growth has been positive, suggesting that the share price has diverged from fundamentals. These are some of the concerns that shareholders may want to bring up at the next AGM held on 13th of June. They could also influence management through voting on resolutions such as executive remuneration. We discuss below why we think shareholders should be cautious of approving a raise for the CEO at the moment. \n Check out our latest analysis for VirnetX Holding \n Comparing VirnetX Holding Corporation's CEO Compensation With The Industry \n Our data indicates that VirnetX Holding Corporation has a market capitalization of US$14m, and total annual CEO compensation was reported as US$2.1m for the year to December 2023. That's a notable increase of 38% on last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at US$790k. \n In comparison with other companies in the American Software industry with market capitalizations under US$200m, the reported median total CEO compensation was US$594k. Hence, we can conclude that Kendall Larsen is remunerated higher than the industry median. What's more, Kendall Larsen holds US$1.6m worth of shares in the company in their own name. \n\n\n\nComponent\n2023\n2022\nProportion (2023)\n\n\nSalary\nUS$790k\nUS$759k\n38%\n\n\nOther\nUS$1.3m\nUS$767k\n62%\n\n\nTotal Compensation\nUS$2.1m \nUS$1.5m\n100%\n\n\n\n Speaking on an industry level, nearly 17% of total compensation represents salary, while the remainder of 83% is other remuneration. It's interesting to note that VirnetX Holding pays out a greater portion of remuneration through salary, compared to the industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance. \n\n\n\n  NYSE:VHC CEO Compensation June 7th 2024\n \n\n A Look at VirnetX Holding Corporation's Growth Numbers \n Over the past three years, VirnetX Holding Corporation has seen its earnings per share (EPS) grow by 8.7% per year. In the last year, its revenue is down 84%. \n We would prefer it if there was revenue growth, but it is good to see a modest EPS growth at least. It's hard to reach a conclusion about business performance right now. This may be one to watch. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow. \nHas VirnetX Holding Corporation Been A Good Investment?\n With a total shareholder return of -88% over three years, VirnetX Holding Corporation shareholders would by and large be disappointed. Therefore, it might be upsetting for shareholders if the CEO were paid generously. \n In Summary... \n The fact that shareholders are sitting on a loss on the value of their shares in the past few years is certainly disconcerting. The fact that the stock price hasn't grown along with earnings may indicate that other issues may be affecting that stock. Shareholders would be keen to know what's holding the stock back when earnings have grown. The upcoming AGM will be a chance for shareholders to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company. \n It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. We did our research and identified 4 warning signs (and 2 which are a bit unpleasant) in VirnetX Holding we think you should know about. \n Important note: VirnetX Holding is an exciting stock, but we understand investors may be looking for an unencumbered balance sheet and blockbuster returns. You might find something better in this list of interesting companies with high ROE and low debt.  \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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