Amarin Corp Plc (AMRN)

[Mogwai]

I can tell you he made AT LEAST $1.6m. And in January 2016 he had another huge vesting event (from 2015 stock awards) that was worth several hundred thousand more dollars. So he really made at least $2m from 2015. And I think I am probably missing more compensation as this estimate was cursory and I did it quickly.

Of course coming up with an actual hard figure is time consuming and not worth the effort. You can say it "wasn't all earned" in 2015 but vesting will ensure he earns it all over time. Each January for the next two years he gets huge stock awards vesting. And at most the vesting takes 4 years (48 months or 16 quarters). So in a few year he will have it all vested.

He is grossly, absurdly overpaid, along with the other executives (they also made tons of money for some reason). When you constantly have to go back to the well for dilution, then this amount of compensation is not even close to being justified. They aren't even close to turning a profit and the Vascepa launch and script growth has been quite pathetic.

But hey, we have de facto NCE so yay! Give JT everything!