Replies to post #161728 on Lightwave Logic Inc (LWLG)

[tedpeele]

Questionable Director Compensation

In 2022 the lowest director compensation was $459,800, which for all 5 included option awards of nearly $380,000. https://www.sec.gov/ix?doc=/Archives/edgar/data/1325964/000155335023000280/lwlg_14a.htm page 25.

This seems excessive for a pre-revenue company of Lightwave's size.
According to Investopedia,

The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global.

and

According to the company's 2021 proxy statement, Walmart’s compensation program for outside directors offers base compensation of a $175,000 annual stock grant and a $100,000 annual retainer.

and

Apple’s non-employee directors each receive approximately $250,000 worth of restricted stock units per year, which are granted at the annual shareholder meeting and vest on Feb. 1 of the following year. Non-employee directors also receive an annual cash retainer of $100,000.

Lightwave directors got more than directors at Walmart and Apple! To be fair the options are not given every year, but it still seems excessive.