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    Chad Robins

    CEO and Chairman at Adaptive Biotechnologies Corp
    Board
    Since September 2009
    Age
    49 years
    Education
    Holds a BS in Managerial Economics from Cornell University and an MBA from The Wharton School at the University of Pennsylvania.
    Tenure
    Co-founded ADPT in September 2009 and has served as its CEO and Chairman since its inception.

    Also at Adaptive Biotechnologies Corp

    JR
    Julie Rubinstein
    President and Chief Operating Officer
    FL
    Francis Lo
    Chief People Officer
    KP
    Kyle Piskel
    Chief Financial Officer

    About

    Chad Robins began his distinguished career by holding executive-level positions in the medical technology, investment, and real estate sectors before co-founding Adaptive Biotechnologies in September 2009. His diverse background provided him with a unique perspective that has helped shape the strategic direction of the company.

    At ADPT, his leadership has been central to pioneering efforts that translate the genetics of the adaptive immune system into clinical products. Serving as both CEO and Chairman, he has led significant advancements in the company’s MRD and Immune Medicine businesses, driving its growth and positioning it as a leader in the biotechnology industry.

    Beyond his role at ADPT, he has contributed his expertise as a board member for several entities, including CM Life Sciences III, Inc. and ARYA Sciences Acquisition Corp II, thereby broadening his impact across the industry. His varied professional journey and strategic insights continue to influence his leadership approach, making a meaningful contribution to both the business and scientific communities in the field.

    $ADPT Performance Under Chad Robins

    Past Roles

    Organization Role Date Range Details
    Various Companies Executive-level positions Before September 2009 Specific companies and roles not provided

    External Roles

    Organization Role Date Range Details
    CM Life Sciences III, Inc. Board of Directors Current Sponsored by affiliates of Casdin Capital, LLC and Corvex Management LP

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$663,000 AnnualFixed annual salary
    Life Insurance Premiums$1,316 AnnualIncluded in All Other Compensation
    401(k) Match$3,000 AnnualEmployer contribution to 401(k)
    Transportation Services$18,000 AnnualTransportation benefits provided

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Plan (Non-Equity Incentive Compensation)

    MetricTarget/Threshold/MaxWeightActual PerformancePayout %Additional Details
    RevenueThreshold: $205M , Target: $205M , Maximum: $235M 40% of Financial Goals (70% of total corporate goals) $170.3M (Not achieved)0% (No payout) Financial goal component
    Operating Expense ReductionTarget: $380M 30% of Financial Goals (70% of total corporate goals) $371.9M (Achieved)30% (Payout earned) Financial goal component
    MRD (Diagnostic & Clinical Pipelines)Qualitative assessment15% of Corporate Goals Qualitative (Achieved) 15% (Payout earned) Meets diagnostic and clinical pipeline criteria
    Immune MedicineQualitative: 2 of 3 goals achieved 15% of Corporate Goals Qualitative (Achieved) 15% (Payout earned) Based on qualitative assessment
    Employee EngagementN/A10% Kicker Not achieved 0% (No payout) No payout as employee engagement goals were not met
    Overall Corporate Achievement60% overall 100% totalOverall achievement: 60% Results in an actual award payout of $318,240 Evaluation based on end-of-year performance
    • Target Annual Incentive Opportunity: 80% of Base Salary = $530,400.
    • Actual Earned Incentive: 60% of Target = $318,240.
    • Vesting Schedule: Cash-based awards with no vesting.
    • Evaluation Period: Fiscal year 2023 (measured at fiscal year-end).

    Long-Term Incentive Program (Equity Awards)

    ComponentTarget Grant Value/UnitsPerformance MetricsVesting ScheduleEvaluation PeriodAdditional Details
    RSUsTarget Grant Value: $3,000,000 <br> Units: 354,610 No specific performance threshold; awarded as part of the 50% mix Vestes at 25% on each of the first four anniversaries Measured over multiple years commencing 2023 Part of a 50/50 target mix with PSUs
    PSUsTarget Grant Value: $3,000,000 <br> Units: 354,610 Payout Scale: <br> - Below 33rd Percentile: 0% <br> - 33rd Percentile: 50% <br> - 50th Percentile: 100% <br> - 75th Percentile and above: 200% No vesting schedule; payout based on performance relative to rTSR Typically assessed over a long-term period starting in 2023 Tied to shareholder return performance relative to a comparator group <br> Grant Date: March 6, 2023 <br> Grant Date Stock Price: $8.46 <br> Aggregate Grant Date Fair Value: $7,900,711

    This section provides a comprehensive breakdown of the performance compensation for 2023, covering both non-equity cash awards based on annual performance and the equity-based awards structured to reward long-term shareholder value. All dollar amounts, performance thresholds, and share quantities are based on the 2023 plan details as available in the documents.