v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
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
       
Company Selected Measure Name Net Product Revenue        
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.
       
PEO Total Compensation Amount $ 7,399,605 $ 985,200 $ 753,687 $ 2,531,446 $ 3,143,694
PEO Actually Paid Compensation Amount $ 4,612,378 8,879,717 683,408 3,483,027 2,811,853
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
       
Non-PEO NEO Average Total Compensation Amount $ 2,361,386 717,049 989,434 2,368,247 1,479,878
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,287,027 4,474,506 679,356 2,385,129 934,617
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
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_payvshareholder-4c.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_payvsnetincome-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_payvsnetrevenue-4c.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_payvshareholder-4c.jpg]        
Total Shareholder Return Amount $ 145.17 195.03 98.9 110.77 92.4
Peer Group Total Shareholder Return Amount 114.25 115.84 111.66 126.42 126.98
Net Income (Loss) $ (48,832,000) $ (160,276,000) $ (137,464,000) $ (77,329,000) $ 7,028,000
Company Selected Measure Amount 169,117,000 27,963,000 22,334,000
PEO Name Gregory J. Divis.        
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.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name net product revenue targets        
Measure:: 2          
Pay vs Performance Disclosure          
Name operating expense targets        
Measure:: 3          
Pay vs Performance Disclosure          
Name cash balances        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (2,787,227) $ 7,894,517 $ (70,279) $ 951,581 $ (331,841)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,722,205) (1,668,854) (2,246,694)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,029,258 1,629,988 2,206,504
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (303,037) 3,856,717 127,702 703,940 (363,792)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (791,242) 4,037,800 (197,981) 286,507 72,141
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,074,359) 3,757,457 (310,078) 16,883 (545,261)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,603,993) (400,085) (1,821,799) (898,678)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 789,314 1,629,367 454,439
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (64,355) 2,167,627 86,112 147,481 (53,565)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (195,325) 1,589,830 3,895 61,834 (47,457)
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          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount