Key Insights

• MeiraGTx Holdings will host its Annual General Meeting on 6th of June

• CEO Alexandria Forbes' total compensation includes salary of US$648.0k

• Total compensation is 99% above industry average

• MeiraGTx Holdings' three-year loss to shareholders was 66% while its EPS was down 4.8% over the past three years

Shareholders will probably not be too impressed with the underwhelming results at MeiraGTx Holdings plc (NASDAQ:MGTX) recently. Shareholders will be interested in what the board will have to say about turning performance around at the next AGM on 6th of June. It would also be an opportunity for shareholders to influence management through voting on company resolutions such as executive remuneration, which could impact the firm significantly. The data we present below explains why we think CEO compensation is not consistent with recent performance.

See our latest analysis for MeiraGTx Holdings

Comparing MeiraGTx Holdings plc's CEO Compensation With The Industry

At the time of writing, our data shows that MeiraGTx Holdings plc has a market capitalization of US$321m, and reported total annual CEO compensation of US$6.3m for the year to December 2023. We note that's a decrease of 18% compared to last year. While we always look at total compensation first, our analysis shows that the salary component is less, at US$648k.

In comparison with other companies in the American Biotechs industry with market capitalizations ranging from US$200m to US$800m, the reported median CEO total compensation was US$3.2m. This suggests that Alexandria Forbes is paid more than the median for the industry. What's more, Alexandria Forbes holds US$7.0m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Speaking on an industry level, nearly 23% of total compensation represents salary, while the remainder of 77% is other remuneration. In MeiraGTx Holdings' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.

MeiraGTx Holdings plc's Growth

MeiraGTx Holdings plc has reduced its earnings per share by 4.8% a year over the last three years. In the last year, its revenue is down 16%.

Few shareholders would be pleased to read that EPS have declined. This is compounded by the fact revenue is actually down on last year. These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future.