Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
Pay Versus Performance Table As required by Securities and Exchang e Commission rules, we are providing the following information about the relationship between executive compensation actually paid to our principal executive officer (“PEO”) and our other named executive officers (“Non-PEO NEOs”) and certain financial performance of our company for the last two fiscal years ended December 31, 2022 and 2021, respectively.
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Year |
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Summary
Compensation
Table Total for
PEO ($) (1) |
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Compensation
Actually Paid
to PEO ($) (2) |
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Average Summary Compensation Table Total for Non-PEO NEOs ($) (3)
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Average Compensation Actually Paid to Non-PEO NEOs ($) (4)
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Value of Initial
Fixed $100
Investment
Based On
Company Total
Shareholder
Return ($) (5)
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Net Income
(Loss) ($)
(Thousands) (6)
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(a) |
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(b) |
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(c) |
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(d) |
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(e) |
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(f) |
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(g) |
2022 |
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1,547,340 |
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273,296 |
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899,783 |
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359,055 |
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3.51 |
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(92,718) |
2021 |
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4,384,350 |
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(824,220) |
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2,074,244 |
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(73,445) |
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41.75 |
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(83,009) |
| (1) |
Reflects compensation amounts reported in the “Summary Compensation Table” for our PEO, Eric E. Poma, Ph.D., for the respective years shown. |
| (2) |
“Compensation actually paid” to our PEO in each of 2022 and 2021 reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and calculation methodology. The dollar amounts reflected in column (c) of the table above do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the PEO’s compensation for each fiscal year, please see the Narrative Disclosure to Summary Compensation Table sections of the proxy statements reporting pay for the fiscal years covered in this table. |
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PEO - Eric E. Poma, Ph.D. |
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SCT Total Compensation (column (b) above) |
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$1,547,340 |
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$4,384,350 |
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LESS Option Award Values Reported in SCT for Covered Year |
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($624,000) |
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($3,544,680) |
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PLUS Falr Value of Option Awards Granted in Covered Year Valued at Year-End
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$24,000 |
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$435,000 |
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CHANGE in Fair Value of Outstanding Unvested Option Awards as of Year End as Compared to Valuation as of Prior Year End |
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($349,652) |
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($1,720,423) |
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CHANGE in Fair Value of Option Awards Granted in Prior Years that Vested in Covered Year as of the Vesting Date Compared to Valuation as of Prior Year End |
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($324,392) |
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($378,467) |
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Compensation Actually Paid |
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| (3) |
For both fiscal years, Non-PEO NEOs, Jason S. Kim and Roger J. Waltzman, M.D., are included in the average figures shown. |
| (4) |
Average “compensation actually paid” for our Non-PEO NEOs in each of 2022 and 2021 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and calculation methodology. The dollar amounts reflected in column (e) of the table above do not reflect the actual amount of compensation earned by or paid to our Non-PEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the Non-PEO NEOs’ compensation for each fiscal year, please see the Narrative Disclosure to Summary Compensation Table sections of the proxy statements reporting pay for the fiscal years covered in these tables. |
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SCT Total Compensation (column (d) above) |
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$899,783 |
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$2,074,244 |
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LESS Option Award Values Reported in SCT for Covered Year |
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($260,000) |
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($1,476,950) |
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PLUS Fair Value of Option Awards Granted in Covered Year Valued at Year-End
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$10,000 |
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$181,250 |
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CHANGE in Fair Value of Outstanding Unvested Option Awards as of Year End as Compared to Valuation as of Prior Year End |
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($150,470) |
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($733,000) |
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CHANGE in Fair Value of Option Awards Granted in Prior Years that Vested in Covered Year as of the Vesting Date Compared to Valuation as of Prior Year End |
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($140,258) |
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($118,989) |
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Compensation Actually Paid |
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: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date.
| (5) |
For the relevant fiscal year, represents the cumulative total shareholder return (“TSR”) of Molecular Templates, Inc. common stock for the measurement periods ending on December 31 of each of 2022 and 2021, respectively, assuming $100 invested in our common stock on December 31, 2020. The cumulative TSR amounts are calculated by dividing the difference between our share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. |
| (6) |
Reflects “Net Income (Loss)” in the company’s Consolidated Statement of Operations included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2022 and 2021. |
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| Named Executive Officers, Footnote |
For both fiscal years, Non-PEO NEOs, Jason S. Kim and Roger J. Waltzman, M.D.
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| PEO Total Compensation Amount |
$ 1,547,340
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$ 4,384,350
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| PEO Actually Paid Compensation Amount |
$ 273,296
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(824,220)
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| Adjustment To PEO Compensation, Footnote |
| (2) |
“Compensation actually paid” to our PEO in each of 2022 and 2021 reflects the respective amounts set forth in column (b) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and calculation methodology. The dollar amounts reflected in column (c) of the table above do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the PEO’s compensation for each fiscal year, please see the Narrative Disclosure to Summary Compensation Table sections of the proxy statements reporting pay for the fiscal years covered in this table. |
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PEO - Eric E. Poma, Ph.D. |
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SCT Total Compensation (column (b) above) |
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$1,547,340 |
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$4,384,350 |
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LESS Option Award Values Reported in SCT for Covered Year |
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($624,000) |
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($3,544,680) |
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PLUS Falr Value of Option Awards Granted in Covered Year Valued at Year-End
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$24,000 |
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$435,000 |
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CHANGE in Fair Value of Outstanding Unvested Option Awards as of Year End as Compared to Valuation as of Prior Year End |
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($349,652) |
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($1,720,423) |
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CHANGE in Fair Value of Option Awards Granted in Prior Years that Vested in Covered Year as of the Vesting Date Compared to Valuation as of Prior Year End |
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($324,392) |
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($378,467) |
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Compensation Actually Paid |
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| Non-PEO NEO Average Total Compensation Amount |
$ 899,783
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2,074,244
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| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 359,055
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(73,445)
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| Adjustment to Non-PEO NEO Compensation Footnote |
| (4) |
Average “compensation actually paid” for our Non-PEO NEOs in each of 2022 and 2021 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules and calculation methodology. The dollar amounts reflected in column (e) of the table above do not reflect the actual amount of compensation earned by or paid to our Non-PEO NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee regarding the Non-PEO NEOs’ compensation for each fiscal year, please see the Narrative Disclosure to Summary Compensation Table sections of the proxy statements reporting pay for the fiscal years covered in these tables. |
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SCT Total Compensation (column (d) above) |
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$899,783 |
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$2,074,244 |
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LESS Option Award Values Reported in SCT for Covered Year |
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($260,000) |
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($1,476,950) |
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PLUS Fair Value of Option Awards Granted in Covered Year Valued at Year-End
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$10,000 |
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$181,250 |
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CHANGE in Fair Value of Outstanding Unvested Option Awards as of Year End as Compared to Valuation as of Prior Year End |
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($150,470) |
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($733,000) |
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CHANGE in Fair Value of Option Awards Granted in Prior Years that Vested in Covered Year as of the Vesting Date Compared to Valuation as of Prior Year End |
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($140,258) |
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($118,989) |
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Compensation Actually Paid |
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| Equity Valuation Assumption Difference, Footnote |
: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date.
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| Total Shareholder Return Amount |
$ 3.51
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41.75
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| Net Income (Loss) |
$ (92,718,000)
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(83,009,000)
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| PEO Name |
Eric E. Poma
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| PEO | Option Award Values Reported in SCT for Covered Year [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (624,000)
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(3,544,680)
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| PEO | Falr Value of Option Awards Granted in Covered Year Valued at YearEnd [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
24,000
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435,000
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| PEO | CHANGE in Fair Value of Outstanding Unvested Option Awards as of Year End as Compared to Valuation as of Prior Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(349,652)
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(1,720,423)
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| PEO | CHANGE in Fair Value of Option Awards Granted in Prior Years that Vested in Covered Year as of the Vesting Date Compared to Valuation as of Prior Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(324,392)
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(378,467)
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| Non-PEO NEO | Option Award Values Reported in SCT for Covered Year [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(260,000)
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(1,476,950)
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| Non-PEO NEO | Falr Value of Option Awards Granted in Covered Year Valued at YearEnd [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
10,000
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181,250
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| Non-PEO NEO | CHANGE in Fair Value of Outstanding Unvested Option Awards as of Year End as Compared to Valuation as of Prior Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
(150,470)
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(733,000)
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| Non-PEO NEO | CHANGE in Fair Value of Option Awards Granted in Prior Years that Vested in Covered Year as of the Vesting Date Compared to Valuation as of Prior Year End [Member] |
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| Pay vs Performance Disclosure |
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| Adjustment to Compensation, Amount |
$ (140,258)
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$ (118,989)
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