Bloomberg Law
March 11, 2022, 5:09 PM

Moderna Legal Chief Got $11 Million as Company Shares Soared

Brian Baxter
Brian Baxter

Moderna Inc.’s chief legal officer Shannon Thyme Klinger received nearly $11.5 million in total compensation after joining the coronavirus vaccine producer last year from Novartis AG.

Klinger received almost $1 million in cash during 2021 and $10 million in stock and options awards, per a proxy statement filed Wednesday. The cash component included roughly $381,000 in base salary; $344,000 in non-equity incentive plan pay; and a $250,000 bonus.

Klinger, who left Novartis a year ago this month, was hired by Moderna as of June 1 last year to succeed its former general counsel and corporate secretary, Lori Henderson. Klinger’s ...

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