|Juno CEO Hans Bishop|
Juno Therapeutics ($JUNO) enjoyed one of the hottest IPOs in the biotech industry not so long ago, cashing in on its CAR-T rep. So it's no wonder that its top executives are enjoying some bonus pay these days.
As the Puget Sound Business Journal notes, Juno CEO Hans Bishop grabbed a $450,000 bonus for achieving 120% of his goals. That's slightly more than Bishop's base pay. CFO Steve Harr, meanwhile, gets a $200,000 bonus.
It's all lunch money compared to what their stock is worth these days. Bishop was given 7.7 million shares in 2013 that vest over 4 years, another 3.1 million shares in early 2014 that also vest over 4 years and an option to buy 4 million shares at $1.59 per share. This morning the stock was trading at $45.18 a share.
That kind of success for the early-stage biotech certainly hasn't hurt its recruiting efforts. As the Business Journal notes, Juno has 50 open positions and has been bringing in researchers from Amgen ($AMGN)--which shut down its local R&D group--along with Seattle Genetics, the University of Washington, Dendreon, Immune Design, ZymoGenetics, etc.
- here's the story fom the Business Journal