Pay vs Performance Disclosure - USD ($)
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12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Pay vs Performance Disclosure |
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Pay vs Performance Disclosure, Table |
Pay Versus Performance Table
Year | | | Summary Compensation Table Total for PEO(1) | | | Compensation Actually Paid to PEO(3) | | | Average Summary Compensation Table Total for Non-PEO Named Executive Officers(2) | | | Average Compensation Actually Paid to Non-PEO Named Executive Officers(3) | | | Value of Initial Fixed $100 Investment Based On: | | | Net Income (Loss) | | | Net Product Revenue | | | Total Avadel Shareholder Return(4) | | | Peer Group Total Shareholder Return | | FY24 | | | | $ | 7,399,605 | | | | | $ | 4,612,378 | | | | | $ | 2,361,386 | | | | | $ | 1,287,027 | | | | | $ | 145.17 | | | | | $ | 114.25 | | | | | $ | (48,832,000) | | | | | $ | 169,117,000 | | | FY23 | | | | $ | 985,200 | | | | | $ | 8,879,717 | | | | | $ | 717,049 | | | | | $ | 4,474,506 | | | | | $ | 195.03 | | | | | $ | 115.84 | | | | | $ | (160,276,000) | | | | | $ | 27,963,000 | | | FY22 | | | | $ | 753,687 | | | | | $ | 683,408 | | | | | $ | 989,434 | | | | | $ | 679,356 | | | | | $ | 98.90 | | | | | $ | 111.66 | | | | | $ | (137,464,000) | | | | | | — | | | FY21 | | | | $ | 2,531,446 | | | | | $ | 3,483,027 | | | | | $ | 2,368,247 | | | | | $ | 2,385,129 | | | | | $ | 110.77 | | | | | $ | 126.42 | | | | | $ | (77,329,000) | | | | | | — | | | FY20 | | | | $ | 3,143,694 | | | | | $ | 2,811,853 | | | | | $ | 1,479,878 | | | | | $ | 934,617 | | | | | $ | 92.40 | | | | | $ | 126.98 | | | | | $ | 7,028,000 | | | | | $ | 22,334,000 | | |
(1)
The PEO for each of the periods is Gregory J. Divis.
(2)
The Non-PEO NEOs for 2024 were Thomas S. McHugh, Richard J. Kim and Jerad Seurer. The Non-PEO NEOs for 2023 were Thomas S. McHugh and Richard J. Kim. The Non-PEO NEOs for 2022 were Thomas S. McHugh, Richard J. Kim and Douglas Williamson. The Non-PEO NEOs for 2021 were Thomas S. McHugh and Richard J. Kim. The Non-PEO NEOs for 2020 were Thomas S. McHugh, Jordan S. Dubow and Phillandas T. Thompson.
(3)
The dollar amounts reported in these columns represent the amounts of “compensation actually paid.” The amounts are computed in accordance with Item 402(v) of Regulation S-K by deducting and adding the following amounts from the “Total” column of the SCT (pursuant to SEC rules, fair value at each measurement date is computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under GAAP).
(4)
Shareholder return provides the value of ordinary shares as of December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020, assuming $100 was invested in our ordinary shares after the stock market closed on December 31, 2019.
| | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | Total Compensation from Summary Compensation Table | | | | $ | 7,399,605 | | | | | $ | 2,361,386 | | | | | $ | 985,200 | | | | | $ | 717,049 | | | | | $ | 753,687 | | | | | $ | 989,434 | | | | | $ | 2,531,446 | | | | | $ | 2,368,247 | | | | | $ | 3,143,694 | | | | | $ | 1,479,878 | | | Adjustments for Equity Awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Grant date fair value of option awards granted in fiscal year | | | | $ | 6,722,205 | | | | | $ | 1,603,993 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 400,085 | | | | | $ | 1,668,854 | | | | | $ | 1,821,799 | | | | | $ | 2,246,694 | | | | | $ | 898,678 | | | + Fair value of fiscal year-end of outstanding and unvested stock awards and options awards granted in fiscal year | | | | $ | 5,029,258 | | | | | $ | 789,314 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 1,629,988 | | | | | $ | 1,629,367 | | | | | $ | 2,206,504 | | | | | $ | 454,439 | | |
| | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | + Change in fair value of outstanding and unvested stock awards and option awards granted in prior fiscal years | | | | $ | (303,037) | | | | | $ | (64,355) | | | | | $ | 3,856,717 | | | | | $ | 2,167,627 | | | | | $ | 127,702 | | | | | $ | 86,112 | | | | | $ | 703,940 | | | | | $ | 147,481 | | | | | $ | (363,792) | | | | | $ | (53,565) | | | + Fair value at vesting of stock awards and options awards granted in fiscal year that vested during fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | + Change in fair value as of vesting date of stock awards and option awards granted in prior fiscal year for which applicable vesting conditions were satisfied during fiscal year | | | | $ | (791,242) | | | | | $ | (195,325) | | | | | $ | 4,037,800 | | | | | $ | 1,589,830 | | | | | $ | (197,981) | | | | | $ | 3,895 | | | | | $ | 286,507 | | | | | $ | 61,834 | | | | | $ | 72,141 | | | | | $ | (47,457) | | | - Fiscal value as of prior fiscal year-end of stock awards and option awards granted in prior fiscal years that failed to meet applicable vesting conditions during fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | Total Adjustments for Equity Awards | | | | $ | (2,787,227) | | | | | $ | (1,074,359) | | | | | $ | 7,894,517 | | | | | $ | 3,757,457 | | | | | $ | (70,279) | | | | | $ | (310,078) | | | | | $ | 951,581 | | | | | $ | 16,883 | | | | | $ | (331,841) | | | | | $ | (545,261) | | | Compensation Actually Paid | | | | $ | 4,612,378 | | | | | $ | 1,287,027 | | | | | $ | 8,879,717 | | | | | $ | 4,474,506 | | | | | $ | 683,408 | | | | | $ | 679,356 | | | | | $ | 3,483,027 | | | | | $ | 2,385,129 | | | | | $ | 2,811,853 | | | | | $ | 934,617 | | |
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Company Selected Measure Name |
Net Product Revenue
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Named Executive Officers, Footnote |
(1) The PEO for each of the periods is Gregory J. Divis.
(2)
The Non-PEO NEOs for 2024 were Thomas S. McHugh, Richard J. Kim and Jerad Seurer. The Non-PEO NEOs for 2023 were Thomas S. McHugh and Richard J. Kim. The Non-PEO NEOs for 2022 were Thomas S. McHugh, Richard J. Kim and Douglas Williamson. The Non-PEO NEOs for 2021 were Thomas S. McHugh and Richard J. Kim. The Non-PEO NEOs for 2020 were Thomas S. McHugh, Jordan S. Dubow and Phillandas T. Thompson.
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PEO Total Compensation Amount |
$ 7,399,605
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$ 985,200
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$ 753,687
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$ 2,531,446
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$ 3,143,694
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PEO Actually Paid Compensation Amount |
$ 4,612,378
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8,879,717
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683,408
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3,483,027
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2,811,853
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Adjustment To PEO Compensation, Footnote |
(4)
Shareholder return provides the value of ordinary shares as of December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020, assuming $100 was invested in our ordinary shares after the stock market closed on December 31, 2019.
| | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | Total Compensation from Summary Compensation Table | | | | $ | 7,399,605 | | | | | $ | 2,361,386 | | | | | $ | 985,200 | | | | | $ | 717,049 | | | | | $ | 753,687 | | | | | $ | 989,434 | | | | | $ | 2,531,446 | | | | | $ | 2,368,247 | | | | | $ | 3,143,694 | | | | | $ | 1,479,878 | | | Adjustments for Equity Awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Grant date fair value of option awards granted in fiscal year | | | | $ | 6,722,205 | | | | | $ | 1,603,993 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 400,085 | | | | | $ | 1,668,854 | | | | | $ | 1,821,799 | | | | | $ | 2,246,694 | | | | | $ | 898,678 | | | + Fair value of fiscal year-end of outstanding and unvested stock awards and options awards granted in fiscal year | | | | $ | 5,029,258 | | | | | $ | 789,314 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 1,629,988 | | | | | $ | 1,629,367 | | | | | $ | 2,206,504 | | | | | $ | 454,439 | | | | | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | + Change in fair value of outstanding and unvested stock awards and option awards granted in prior fiscal years | | | | $ | (303,037) | | | | | $ | (64,355) | | | | | $ | 3,856,717 | | | | | $ | 2,167,627 | | | | | $ | 127,702 | | | | | $ | 86,112 | | | | | $ | 703,940 | | | | | $ | 147,481 | | | | | $ | (363,792) | | | | | $ | (53,565) | | | + Fair value at vesting of stock awards and options awards granted in fiscal year that vested during fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | + Change in fair value as of vesting date of stock awards and option awards granted in prior fiscal year for which applicable vesting conditions were satisfied during fiscal year | | | | $ | (791,242) | | | | | $ | (195,325) | | | | | $ | 4,037,800 | | | | | $ | 1,589,830 | | | | | $ | (197,981) | | | | | $ | 3,895 | | | | | $ | 286,507 | | | | | $ | 61,834 | | | | | $ | 72,141 | | | | | $ | (47,457) | | | - Fiscal value as of prior fiscal year-end of stock awards and option awards granted in prior fiscal years that failed to meet applicable vesting conditions during fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | Total Adjustments for Equity Awards | | | | $ | (2,787,227) | | | | | $ | (1,074,359) | | | | | $ | 7,894,517 | | | | | $ | 3,757,457 | | | | | $ | (70,279) | | | | | $ | (310,078) | | | | | $ | 951,581 | | | | | $ | 16,883 | | | | | $ | (331,841) | | | | | $ | (545,261) | | | Compensation Actually Paid | | | | $ | 4,612,378 | | | | | $ | 1,287,027 | | | | | $ | 8,879,717 | | | | | $ | 4,474,506 | | | | | $ | 683,408 | | | | | $ | 679,356 | | | | | $ | 3,483,027 | | | | | $ | 2,385,129 | | | | | $ | 2,811,853 | | | | | $ | 934,617 | | |
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Non-PEO NEO Average Total Compensation Amount |
$ 2,361,386
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717,049
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989,434
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2,368,247
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1,479,878
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Non-PEO NEO Average Compensation Actually Paid Amount |
$ 1,287,027
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4,474,506
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679,356
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2,385,129
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934,617
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Adjustment to Non-PEO NEO Compensation Footnote |
(4)
Shareholder return provides the value of ordinary shares as of December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020, assuming $100 was invested in our ordinary shares after the stock market closed on December 31, 2019.
| | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | Total Compensation from Summary Compensation Table | | | | $ | 7,399,605 | | | | | $ | 2,361,386 | | | | | $ | 985,200 | | | | | $ | 717,049 | | | | | $ | 753,687 | | | | | $ | 989,434 | | | | | $ | 2,531,446 | | | | | $ | 2,368,247 | | | | | $ | 3,143,694 | | | | | $ | 1,479,878 | | | Adjustments for Equity Awards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Grant date fair value of option awards granted in fiscal year | | | | $ | 6,722,205 | | | | | $ | 1,603,993 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 400,085 | | | | | $ | 1,668,854 | | | | | $ | 1,821,799 | | | | | $ | 2,246,694 | | | | | $ | 898,678 | | | + Fair value of fiscal year-end of outstanding and unvested stock awards and options awards granted in fiscal year | | | | $ | 5,029,258 | | | | | $ | 789,314 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 1,629,988 | | | | | $ | 1,629,367 | | | | | $ | 2,206,504 | | | | | $ | 454,439 | | | | | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | 2020 | | | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | | PEO | | | Average Non-PEO Neos | | + Change in fair value of outstanding and unvested stock awards and option awards granted in prior fiscal years | | | | $ | (303,037) | | | | | $ | (64,355) | | | | | $ | 3,856,717 | | | | | $ | 2,167,627 | | | | | $ | 127,702 | | | | | $ | 86,112 | | | | | $ | 703,940 | | | | | $ | 147,481 | | | | | $ | (363,792) | | | | | $ | (53,565) | | | + Fair value at vesting of stock awards and options awards granted in fiscal year that vested during fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | + Change in fair value as of vesting date of stock awards and option awards granted in prior fiscal year for which applicable vesting conditions were satisfied during fiscal year | | | | $ | (791,242) | | | | | $ | (195,325) | | | | | $ | 4,037,800 | | | | | $ | 1,589,830 | | | | | $ | (197,981) | | | | | $ | 3,895 | | | | | $ | 286,507 | | | | | $ | 61,834 | | | | | $ | 72,141 | | | | | $ | (47,457) | | | - Fiscal value as of prior fiscal year-end of stock awards and option awards granted in prior fiscal years that failed to meet applicable vesting conditions during fiscal year | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | Total Adjustments for Equity Awards | | | | $ | (2,787,227) | | | | | $ | (1,074,359) | | | | | $ | 7,894,517 | | | | | $ | 3,757,457 | | | | | $ | (70,279) | | | | | $ | (310,078) | | | | | $ | 951,581 | | | | | $ | 16,883 | | | | | $ | (331,841) | | | | | $ | (545,261) | | | Compensation Actually Paid | | | | $ | 4,612,378 | | | | | $ | 1,287,027 | | | | | $ | 8,879,717 | | | | | $ | 4,474,506 | | | | | $ | 683,408 | | | | | $ | 679,356 | | | | | $ | 3,483,027 | | | | | $ | 2,385,129 | | | | | $ | 2,811,853 | | | | | $ | 934,617 | | |
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Compensation Actually Paid vs. Total Shareholder Return |
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Compensation Actually Paid vs. Net Income |
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Compensation Actually Paid vs. Company Selected Measure |
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Total Shareholder Return Vs Peer Group |
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Total Shareholder Return Amount |
$ 145.17
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195.03
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98.9
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110.77
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92.4
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Peer Group Total Shareholder Return Amount |
114.25
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115.84
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111.66
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126.42
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126.98
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Net Income (Loss) |
$ (48,832,000)
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$ (160,276,000)
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$ (137,464,000)
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$ (77,329,000)
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$ 7,028,000
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Company Selected Measure Amount |
169,117,000
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27,963,000
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22,334,000
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PEO Name |
Gregory J. Divis.
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Additional 402(v) Disclosure |
Tabular List
Item 402(v) of Regulation S-K requires us to identify the most important financial measure that we used to link compensation actually paid to our named executive officers to company performance for the most recently completed fiscal year (the “Company-Selected Measure”). Our 2024 corporate goals included achieving the following financial performance targets: net product revenue targets, operating expense targets and cash balances. The net product revenue target is our Company-Selected Measure because of its importance to the success of the Company’s launch of LUMRYZ and was one of factors considered in determining the compensation paid to our named executive officers in 2024.
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Measure:: 1 |
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Pay vs Performance Disclosure |
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Name |
net product revenue targets
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Measure:: 2 |
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Pay vs Performance Disclosure |
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Name |
operating expense targets
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Measure:: 3 |
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Pay vs Performance Disclosure |
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Name |
cash balances
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PEO | Equity Awards Adjustments |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
$ (2,787,227)
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$ 7,894,517
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$ (70,279)
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$ 951,581
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$ (331,841)
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PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(6,722,205)
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(1,668,854)
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(2,246,694)
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PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
5,029,258
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1,629,988
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2,206,504
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PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(303,037)
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3,856,717
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127,702
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703,940
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(363,792)
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PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
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PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(791,242)
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4,037,800
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(197,981)
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286,507
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72,141
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PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
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Non-PEO NEO | Equity Awards Adjustments |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(1,074,359)
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3,757,457
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(310,078)
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16,883
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(545,261)
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Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(1,603,993)
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(400,085)
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(1,821,799)
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(898,678)
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Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
789,314
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1,629,367
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454,439
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Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(64,355)
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2,167,627
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86,112
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147,481
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(53,565)
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Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
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Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
(195,325)
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1,589,830
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3,895
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61,834
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(47,457)
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Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
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Pay vs Performance Disclosure |
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Adjustment to Compensation, Amount |
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