Sign in

    Jerrell W. Shelton

    President and Chief Executive Officer at Cryoport Inc
    Board
    Since November 2012
    Education
    Holds a Bachelor of Science in Business Administration from the University of Tennessee and an M.B.A. from Harvard University.
    Tenure
    Joined CYRX in 10-2012 as a board member, was appointed President and Chief Executive Officer in 11-2012, and was promoted to Chairman in 10-2015.

    Also at Cryoport Inc

    RSS
    Robert S. Stefanovich
    Senior Vice President, Chief Financial Officer, and Treasurer

    About

    Jerrell W. Shelton has an extensive background in executive leadership across diverse industries. He earned a Bachelor of Science in Business Administration from the University of Tennessee and an M.B.A. from Harvard University, establishing a strong academic foundation for his career.

    His professional journey includes significant roles such as President and CEO at Thomson Business Information Group, Continental Graphics Holdings, Inc., and NDC Holdings II, Inc., as well as important stints at IBM and Wellness, Inc. These roles have provided him with broad experience in management and strategic planning.

    At CYRX, his tenure began in October 2012 when he joined the board, followed by his appointment as President and Chief Executive Officer in November 2012, and a subsequent promotion to Chairman in October 2015. His leadership at CYRX has been marked by a commitment to strategic growth and organizational excellence.

    $CYRX Performance Under Jerrell W. Shelton

    Past Roles

    OrganizationRoleDate RangeDetails
    Solera Holdings, Inc. Board of Directors and Committee Member April 2007 - November 2011 N/A
    Wellness, Inc. Chairman and CEO June 2004 - May 2006 Provided advanced, integrated hospital and clinical environments
    IBM Research Visiting Executive and Head of IBM’s WebFountain N/A N/A
    NDC Holdings II, Inc. Chairman, President, and CEO October 1998 - October 1999 N/A
    Continental Graphics Holdings, Inc. President and CEO October 1996 - July 1998 N/A
    Thomson Business Information Group President and CEO October 1991 - July 1996 N/A

    External Roles

    OrganizationRoleDate Range
    Smithsonian Institution Library Advisory Board of Directors N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$893,255 Annual, effective May 1, 2023Increased by 9% from 2022
    Cash Severance (Termination or Change in Control)$1,786,510 Payable upon termination (no cause/good reason)Applies if terminated without cause or for good reason
    Benefit Continuation (COBRA)$0 N/ANot eligible for COBRA reimbursement
    Equity Awards (Accelerated upon termination)$285,163 Payable upon terminationIntrinsic value of accelerated awards (half of unvested equity)

    Performance Compensation

    Data from  FY 2023

    Stock Awards

    MetricDetail
    Grant DateMarch 22, 2023
    Grant Date Fair Value$585,729
    Number of Shares/Units27,092
    Vesting Schedule25% annually from 2024 to 2027
    Performance Metrics/TargetsNo specific performance metrics; time-based vesting
    ConditionsMust remain employed on each vesting date

    Option Awards

    MetricDetail
    Grant DateMarch 22, 2023
    Grant Date Fair Value$785,432
    Exercise Price$23.78
    Vesting ScheduleMonthly vesting over 4 years
    Expiration DateMarch 22, 2030
    Performance ConditionPerformance-based: stock price must exceed the exercise price
    Additional DetailsGranted under the 2018 Plan; fair value determined using Black-Scholes model