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Ron Kurtz

President and Chief Executive Officer at RxSight
Board
Since 2016
Age
62 years
Education
Holds a B.A. in Biochemistry from Harvard College and an M.D. from the University of California, San Diego.
Tenure
Has served as President and Chief Executive Officer and board member of RxSight, Inc. since 2016.

Also at RxSight

EW
Eric Weinberg
Co-President and Chief Commercial Officer
IG
Ilya Goldshleger
Co-President and Chief Operating Officer
ST
Shelley Thunen
Co-President and Chief Financial Officer

About

Dr. Ron Kurtz has led RxSight, Inc. as President and Chief Executive Officer since 2016, concurrently serving as a board member and steering the company in the medical technology field.

Before his tenure at RxSight, he co-founded LenSx Lasers, Inc., where he served as President and CEO, and later became General Manager at Alcon LenSx following its acquisition by Alcon Inc. He also co-founded IntraLase Corp., taking on the role of its initial President and CEO before the company transitioned into a publicly traded entity and was eventually acquired.

Academically, he earned a B.A. in Biochemistry from Harvard College and an M.D. from the University of California, San Diego, and further contributed to academia through roles at the University of California, Irvine and the University of Michigan.

$RXST Performance Under Ron Kurtz

Past Roles

OrganizationRoleDate RangeDetails
LenSx Lasers, Inc. Co-founder, President and Chief Executive Officer; later General Manager of Alcon LenSx, Inc. following acquisition N/A Acquired by Alcon Inc. in 2010
IntraLase Corp. (NASDAQ: ILSE) Co-founder, initial President and Chief Executive Officer; later held other senior leadership positions N/A Became publicly held in 2004 and was acquired by Advanced Medical Optics, Inc. (NYSE: AMO) in 2007
University of California, Irvine Faculty Member N/A N/A
University of Michigan Faculty Member N/A N/A

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary $678,333Regular payroll (annual)Base salary increased from $645,000 in 2023 to $685,000 effective March 1, 2024; 6.2% YOY increase
Option Awards $5,537,883Grant Date: March 4, 2024149,000 stock options granted at an exercise price of $56.07 per share; fair value determined in accordance with FASB ASC 718
All Other Compensation $6,504AnnualIncludes 401(k) matching contributions (up to 2% of eligible compensation) and an Inventor Bonus of $1,500

Performance Compensation

Data from  FY 2024

Performance Compensation Components

MetricWeightingThreshold / MinimumTargetMaximum/Cap
Delighted Customers30%N/AN/AN/A
- New Product Launch50% of segmentN/AN/AN/A
- Submission Readiness25% of segmentN/AN/AN/A
- International Regulatory Approvals25% of segmentN/AN/AN/A
Motivated Employees30%N/AN/AN/A
Shareholder Satisfaction40%N/AN/AN/A
- LAL/LAL+ Sales40% of segmentN/AN/AN/A
- Manufacturing Initiatives20% of segmentN/AN/AN/A
- Financial Metrics (Revenue, Gross Margin, Cash Expenditures)40% of segmentRevenue: $125M, GM: 64%, Cash: $25MRevenue: $135M, GM: 67%, Cash: $18MRevenue: ≥$150M, GM: ≥68%, Cash: < $18M

Payout & Vesting Details

DetailValue
Minimum Payout25% of target
Target Payout100% of target
Maximum Payout150% of target
Actual Performance112% of corporate goals leading to a bonus payout at 112% of target
Vesting Schedule (for Options)4-year vesting with 1/48th vesting monthly starting 1 month after the vesting commencement date
Grant DateMarch 4, 2024
Grant Date Fair Value$5,537,883
Grant Date Stock Price$56.07
Number of Stock Options149,000 shares
Base Salary for Incentive Calculation$685,000 (used for bonus target)