Jeffrey M Leiden

CIK 1242825 · View on SEC EDGAR ↗

Insider

First SEC filing: Feb. 19, 2026 · Latest: Feb. 19, 2026

On this page

Insider at

Insider transactions

1 buys (P) 17 sells (S) Net: $-60,842,656 + 52 non-open-market transactions below Avg return of open purchases vs now: 26.9% last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

52 other filings hidden
Date Ticker Code Shares Price Value Owned after Δ own A/D vs now
May 8, 2026 ODTX P 5,000 $20.00 $100,000 270,198 Direct +1.89% Acquired 26.9% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 2,070 $455.22 $942,305 24,026 Direct -7.93% Disposed 20.1% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 10,360 $453.34 $4,696,602 26,096 Direct -28.42% Disposed 20.6% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 15,681 $452.20 $7,090,948 36,456 Direct -30.08% Disposed 20.9% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 5,809 $451.20 $2,621,021 52,137 Direct -10.02% Disposed 21.2% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 5,880 $449.84 $2,645,059 57,946 Direct -9.21% Disposed 21.6% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 2,320 $448.78 $1,041,170 63,826 Direct -3.51% Disposed 21.9% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 1,152 $447.05 $515,002 66,146 Direct -1.71% Disposed 22.3% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 7,899 $445.56 $3,519,478 67,298 Direct -10.50% Disposed 22.7% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 4,352 $444.36 $1,933,855 75,197 Direct -5.47% Disposed 23.1% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 2,469 $443.21 $1,094,285 79,549 Direct -3.01% Disposed 23.4% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 1,320 $441.26 $582,463 82,018 Direct -1.58% Disposed 23.9% (price as of 2026-08-21)
Dec. 3, 2025 VRTX S 10b5-1 4,469 $440.40 $1,968,148 83,338 Direct -5.09% Disposed 24.2% (price as of 2026-08-21)
Nov. 14, 2025 VRTX S 10b5-1 40 $442.00 $17,680 24,026 Direct -0.17% Disposed 23.7% (price as of 2026-08-21)
Nov. 14, 2025 VRTX S 10b5-1 21,330 $441.35 $9,413,996 24,066 Direct -46.99% Disposed 23.9% (price as of 2026-08-21)
Nov. 14, 2025 VRTX S 10b5-1 32,234 $440.30 $14,192,630 45,396 Direct -41.52% Disposed 24.2% (price as of 2026-08-21)
Nov. 13, 2025 VRTX S 10b5-1 1,160 $441.05 $511,618 24,026 Direct -4.61% Disposed 24.0% (price as of 2026-08-21)
Nov. 13, 2025 VRTX S 10b5-1 18,528 $440.22 $8,156,396 25,186 Direct -42.38% Disposed 24.2% (price as of 2026-08-21)
Aug. 30, 2024 VRTX S 10b5-1 3,784 $499.00 $1,888,216 9,994 Direct -27.46% Disposed 9.6% (price as of 2026-08-21)
Feb. 15, 2024 VRTX S 10b5-1 4,655 $419.16 $1,951,190 17,896 Direct -20.64% Disposed 30.5% (price as of 2026-08-21)
Feb. 14, 2024 VRTX S 10b5-1 4,356 $419.04 $1,825,338 22,551 Direct -16.19% Disposed 30.5% (price as of 2026-08-21)
Feb. 13, 2024 VRTX S 10b5-1 737 $419.13 $308,899 26,907 Direct -2.67% Disposed 30.5% (price as of 2026-08-21)
Feb. 12, 2024 VRTX S 10b5-1 647 $420.39 $271,992 27,644 Direct -2.29% Disposed 30.1% (price as of 2026-08-21)
Feb. 12, 2024 VRTX S 10b5-1 2,009 $419.22 $842,213 28,291 Direct -6.63% Disposed 30.5% (price as of 2026-08-21)
Jan. 8, 2024 VRTX S 10b5-1 6,648 $419.07 $2,785,977 2,423 Direct -73.29% Disposed 30.5% (price as of 2026-08-21)
Dec. 13, 2023 VRTX S 10b5-1 100 $400.19 $40,019 9,071 Direct -1.09% Disposed 36.7% (price as of 2026-08-21)
Dec. 13, 2023 VRTX S 10b5-1 13,254 $399.41 $5,293,780 9,171 Direct -59.10% Disposed 36.9% (price as of 2026-08-21)
Oct. 16, 2023 VRTX S 10b5-1 12,962 $374.00 $4,847,788 22,425 Direct -36.63% Disposed 46.2% (price as of 2026-08-21)
May 8, 2023 VRTX S 10b5-1 1,125 $349.00 $392,625 35,387 Direct -3.08% Disposed 56.7% (price as of 2026-08-21)
May 5, 2023 VRTX S 10b5-1 171 $350.30 $59,901 36,512 Direct -0.47% Disposed 56.1% (price as of 2026-08-21)
May 5, 2023 VRTX S 10b5-1 708 $349.38 $247,361 36,683 Direct -1.89% Disposed 56.5% (price as of 2026-08-21)
May 3, 2023 VRTX S 10b5-1 700 $351.59 $246,113 37,391 Direct -1.84% Disposed 55.6% (price as of 2026-08-21)
May 3, 2023 VRTX S 10b5-1 1,800 $350.53 $630,954 38,091 Direct -4.51% Disposed 56.0% (price as of 2026-08-21)
May 3, 2023 VRTX S 10b5-1 2,008 $349.22 $701,234 39,891 Direct -4.79% Disposed 56.6% (price as of 2026-08-21)
May 2, 2023 VRTX S 10b5-1 300 $353.18 $105,954 41,899 Direct -0.71% Disposed 54.9% (price as of 2026-08-21)
May 2, 2023 VRTX S 10b5-1 1,505 $350.48 $527,472 42,199 Direct -3.44% Disposed 56.0% (price as of 2026-08-21)
May 2, 2023 VRTX S 10b5-1 4,645 $349.48 $1,623,335 43,704 Direct -9.61% Disposed 56.5% (price as of 2026-08-21)
July 25, 2022 VRTX S 10b5-1 10,471 $283.42 $2,967,691 2,423 Direct -81.21% Disposed 93.0% (price as of 2026-08-21)
July 25, 2022 VRTX S 10b5-1 40,666 $282.43 $11,485,298 12,894 Direct -75.93% Disposed 93.6% (price as of 2026-08-21)
July 25, 2022 VRTX S 10b5-1 34,090 $281.27 $9,588,494 53,560 Direct -38.89% Disposed 94.4% (price as of 2026-08-21)
July 25, 2022 VRTX S 10b5-1 32,983 $280.37 $9,247,444 87,650 Direct -27.34% Disposed 95.1% (price as of 2026-08-21)
July 25, 2022 VRTX S 10b5-1 13,869 $279.44 $3,875,553 120,633 Direct -10.31% Disposed 95.7% (price as of 2026-08-21)
April 13, 2022 VRTX S 10b5-1 15,789 $289.04 $4,563,653 74,160 Direct -17.55% Disposed 89.2% (price as of 2026-08-21)
June 30, 2020 VRTX S 10b5-1 200 $291.34 $58,268 2,261 Direct -8.13% Disposed 87.7% (price as of 2026-08-21)
June 30, 2020 VRTX S 10b5-1 2,534 $290.51 $736,152 2,461 Direct -50.73% Disposed 88.3% (price as of 2026-08-21)
June 30, 2020 VRTX S 10b5-1 500 $289.39 $144,695 4,995 Direct -9.10% Disposed 89.0% (price as of 2026-08-21)
June 30, 2020 VRTX S 10b5-1 1,318 $287.91 $379,465 5,495 Direct -19.35% Disposed 90.0% (price as of 2026-08-21)
June 30, 2020 VRTX S 10b5-1 4,885 $287.23 $1,403,119 6,813 Direct -41.76% Disposed 90.4% (price as of 2026-08-21)

Showing latest 100 of 428 transactions

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date Ticker Security Underlying Exercise price Expiration Shares A/D
May 11, 2026 ODTX Series D Warrants (Right to Buy) Common Stock (2,963) $0.10 28,800 Disposed
May 11, 2026 ODTX Series D Convertible Preferred Stock Common Stock 96,002 Disposed
May 11, 2026 ODTX Series C Convertible Preferred Stock Common Stock 100,000 Disposed
May 11, 2026 ODTX Series B Convertible Preferred Stock Common Stock 79,166 Disposed
May 7, 2026 ODTX Stock Option (Right to Buy) Common Stock (626,220) $18.00 May 6, 2036 626,220 Acquired
Dec. 4, 2025 VRTX Stock Option (Right to Buy) Common Stock (1) $91.05 Feb. 1, 2026 1 Disposed
Dec. 3, 2025 VRTX Stock Option (Right to Buy) Common Stock (63,781) $86.52 Feb. 2, 2027 63,781 Disposed
Nov. 14, 2025 VRTX Stock Option (Right to Buy) Common Stock (39,769) $86.52 Feb. 2, 2027 39,769 Disposed
Nov. 14, 2025 VRTX Stock Option (Right to Buy) Common Stock (13,835) $91.05 Feb. 1, 2026 13,835 Disposed
Nov. 13, 2025 VRTX Stock Option (Right to Buy) Common Stock (19,688) $91.05 Feb. 1, 2026 19,688 Disposed
July 25, 2022 VRTX Stock Option (Right to Buy) Common Stock (60,342) $91.05 Feb. 1, 2026 60,342 Disposed
May 12, 2020 VRTX Stock Option (Right to Buy) Common Stock (24,348) $155.57 Feb. 5, 2028 24,348 Disposed
May 12, 2020 VRTX Stock Option (Right to Buy) Common Stock (4,470) $91.05 Feb. 1, 2026 4,470 Disposed
May 12, 2020 VRTX Stock Option (Right to Buy) Common Stock (35,499) $96.87 July 14, 2024 35,499 Disposed
May 12, 2020 VRTX Stock Option (Right to Buy) Common Stock (24,215) $187.53 Feb. 5, 2029 24,215 Disposed
May 7, 2020 VRTX Stock Option (Right to Buy) Common Stock (24,349) $155.57 Feb. 5, 2028 24,349 Disposed
May 7, 2020 VRTX Stock Option (Right to Buy) Common Stock (4,470) $91.05 Feb. 1, 2026 4,470 Disposed
May 7, 2020 VRTX Stock Option (Right to Buy) Common Stock (35,499) $96.87 July 14, 2024 35,499 Disposed
May 7, 2020 VRTX Stock Option (Right to Buy) Common Stock (24,216) $187.53 Feb. 5, 2029 24,216 Disposed
May 5, 2020 VRTX Stock Option (Right to Buy) Common Stock (24,349) $155.57 Feb. 5, 2028 24,349 Disposed
May 5, 2020 VRTX Stock Option (Right to Buy) Common Stock (4,470) $91.05 Feb. 1, 2026 4,470 Disposed
May 5, 2020 VRTX Stock Option (Right to Buy) Common Stock (35,502) $96.87 July 14, 2024 35,502 Disposed
May 5, 2020 VRTX Stock Option (Right to Buy) Common Stock (24,216) $187.53 Feb. 25, 2029 24,216 Disposed
Nov. 19, 2019 VRTX Stock Option (Right to Buy) Common Stock (32,502) $131.89 July 20, 2025 32,502 Disposed
Nov. 19, 2019 VRTX Stock Option (Right to Buy) Common Stock (64,032) $109.14 Feb. 2, 2025 64,032 Disposed
Nov. 18, 2019 VRTX Stock Option (Right to Buy) Common Stock (1,493) $131.89 July 20, 2025 1,493 Disposed
Nov. 18, 2019 VRTX Stock Option (Right to Buy) Common Stock (2,941) $109.14 Feb. 2, 2025 2,941 Disposed
Nov. 15, 2019 VRTX Stock Option (Right to Buy) Common Stock (1,683) $131.89 July 20, 2025 1,683 Disposed
Nov. 15, 2019 VRTX Stock Option (Right to Buy) Common Stock (3,317) $109.14 Feb. 2, 2025 3,317 Disposed
Nov. 1, 2019 VRTX Stock Option (Right to Buy) Common Stock (26,532) $131.89 July 20, 2025 26,532 Disposed
Nov. 1, 2019 VRTX Stock Option (Right to Buy) Common Stock (70,290) $109.14 Feb. 2, 2025 70,290 Disposed
Oct. 31, 2019 VRTX Stock Option (Right to Buy) Common Stock (8,879) $131.89 July 20, 2025 8,879 Disposed
Oct. 22, 2019 VRTX Stock Option (Right to Buy) Common Stock (35,411) $131.89 July 20, 2025 35,411 Disposed
Oct. 22, 2019 VRTX Stock Option (Right to Buy) Common Stock (72,420) $109.14 Feb. 2, 2025 72,420 Disposed
June 18, 2019 VRTX Stock Options (Right to Buy) Common Stock (56,030) $77.31 Feb. 4, 2024 56,030 Disposed
May 24, 2019 VRTX Stock Option (Right to Buy) Common Stock (113,432) $77.31 Feb. 4, 2024 113,432 Disposed
May 6, 2019 VRTX Stock Option (Right to Buy) Common Stock (2,300) $77.31 Feb. 4, 2024 2,300 Acquired
May 6, 2019 VRTX Stock Option (Right to Buy) Common Stock (30,758) $77.31 Feb. 4, 2024 30,758 Acquired
May 1, 2019 VRTX Stock Option (Right to Buy) Common Stock (300) $77.31 Feb. 4, 2024 300 Acquired
May 1, 2019 VRTX Stock Option (Right to Buy) Common Stock (10,180) $77.31 Feb. 4, 2024 10,180 Acquired
Feb. 6, 2019 VRTX Stock Option (Right to Buy) Common Stock (72,647) $187.53 Feb. 5, 2029 72,647 Acquired
June 22, 2018 VRTX Stock Option (Right to Buy) Common Stock (106,500) $83.36 July 29, 2023 106,500 Disposed
Feb. 6, 2018 VRTX Stock Option (Right to Buy) Common Stock (73,046) $155.57 Feb. 5, 2028 73,046 Acquired
Jan. 16, 2018 VRTX Stock Option (Right to Buy) Common Stock (55,313) $45.11 Feb. 4, 2023 55,313 Disposed
Jan. 16, 2018 VRTX Stock Option (Right to Buy) Common Stock (44,250) $48.74 July 24, 2022 44,250 Disposed
July 31, 2017 VRTX Stock Option (Right to Buy) Common Stock (11,063) $45.11 Feb. 4, 2023 11,063 Disposed
July 19, 2017 VRTX Stock Option (Right to Buy) Common Stock (73,750) $48.74 July 24, 2022 73,750 Disposed
July 19, 2017 VRTX Stock Option (Right to Buy) Common Stock (110,624) $45.11 Feb. 4, 2023 110,624 Disposed
June 2, 2017 VRTX Stock Option (Right to Buy) Common Stock (124,601) $29.98 Dec. 13, 2021 124,601 Disposed
June 2, 2017 VRTX Stock Option (Right to Buy) Common Stock (22,500) $53.85 May 31, 2021 22,500 Disposed
April 28, 2017 VRTX Stock Option (Right to Buy) Common Stock (30,000) $34.05 July 5, 2019 30,000 Disposed
April 28, 2017 VRTX Stock Option (Right to Buy) Common Stock (20,000) $34.24 May 31, 2020 20,000 Disposed
April 28, 2017 VRTX Stock Option (Right to Buy) Common Stock (1,527) $34.39 Dec. 14, 2020 1,527 Disposed
April 28, 2017 VRTX Stock Option (Right to Buy) Common Stock (88,507) $29.98 Dec. 13, 2021 88,507 Disposed
Feb. 3, 2017 VRTX Stock Option (Right to Buy) Common Stock (103,550) $86.52 Feb. 2, 2027 103,550 Acquired
Aug. 3, 2016 DGX Non-Qualifed Stock Option (right to buy) Common Stock (311) $70.37 Jan. 4, 2026 311 Disposed
Aug. 3, 2016 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,747) $61.37 Oct. 1, 2025 1,747 Disposed
Aug. 3, 2016 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,563) $72.92 July 1, 2025 1,563 Disposed
Aug. 3, 2016 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,518) $76.06 April 1, 2025 1,518 Disposed
Aug. 3, 2016 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,502) $68.68 Jan. 2, 2025 1,502 Disposed
Feb. 2, 2016 VRTX Stock Option (Right to Buy) Common Stock (107,276) $91.05 Feb. 1, 2026 107,276 Acquired
Jan. 11, 2016 VRTX Stock Option (right to buy) Common Stock (110,625) $45.11 Feb. 4, 2023 110,625 Acquired
Jan. 11, 2016 VRTX Stock Option (right to buy) Common Stock (110,625) $45.11 Feb. 4, 2023 110,625 Disposed
Jan. 11, 2016 VRTX Stock Option (right to buy) Common Stock (88,500) $48.74 July 24, 2022 88,500 Acquired
Jan. 11, 2016 VRTX Stock Option (right to buy) Common Stock (88,500) $48.74 July 24, 2022 88,500 Disposed
Jan. 4, 2016 DGX Non-Qualifed Stock Option (right to buy) Common Stock (311) $70.37 Jan. 4, 2026 311 Acquired
Oct. 1, 2015 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,747) $61.37 Oct. 1, 2025 1,747 Acquired
July 21, 2015 VRTX Stock Option Common Stock (106,500) $131.89 July 20, 2025 106,500 Acquired
July 1, 2015 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,563) $72.92 July 1, 2025 1,563 Acquired
April 1, 2015 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,518) $76.06 April 1, 2025 1,518 Acquired
Feb. 3, 2015 VRTX Stock Option (right to buy) Common Stock (213,000) $109.14 Feb. 2, 2025 213,000 Acquired
Jan. 2, 2015 DGX Non-Qualifed Stock Option (right to buy) Common Stock (1,502) $68.68 Jan. 2, 2025 1,502 Acquired
Sept. 30, 2014 VRTX Stock Option (right to buy) Common Stock (200,000) $29.98 Dec. 13, 2021 200,000 Disposed
July 15, 2014 VRTX Stock Option Common Stock (106,500) $96.87 July 14, 2024 106,500 Acquired
Feb. 5, 2014 VRTX Employee Stock Option (right to buy) Common Stock (213,000) $77.31 Feb. 4, 2024 213,000 Acquired
Jan. 16, 2014 VRTX Stock Option Common Stock (45,000) $29.98 Dec. 13, 2021 45,000 Disposed
July 30, 2013 VRTX Stock Option Common Stock (106,500) $83.36 July 29, 2023 106,500 Acquired
Feb. 5, 2013 VRTX Employee Stock Option (right to buy) Common Stock (177,000) $45.11 Feb. 4, 2023 177,000 Acquired
July 25, 2012 VRTX Employee StockOption (right to buy) Common Stock (118,000) $48.74 July 24, 2022 118,000 Acquired
Dec. 14, 2011 VRTX Stock Option Common Stock (458,108) $29.99 Dec. 13, 2021 458,108 Acquired
June 1, 2011 VRTX Stock Option Common Stock (22,500) $53.85 May 31, 2021 22,500 Acquired
Dec. 15, 2010 VRTX Stock Option Common Stock (1,527) $34.39 Dec. 14, 2020 1,527 Acquired
June 1, 2010 VRTX Stock Option Common Stock (20,000) $34.24 May 31, 2020 20,000 Acquired
July 6, 2009 VRTX Stock Option Common Stock (30,000) $34.05 July 5, 2019 30,000 Acquired
Feb. 17, 2006 ABT Option (right to buy) [F3] Common shares (310,000) $44.16 Feb. 16, 2016 310,000 Acquired
Jan. 31, 2006 ABT Option (right to buy) [F2] common shares (70,249) $42.94 Feb. 13, 2013 70,249 Acquired
Jan. 31, 2006 ABT Option (right to buy) [F2] common shares (83,544) $33.23 Feb. 13, 2013 83,544 Disposed
June 7, 2005 ABT Option (right to buy) [F2] common shares (19,944) $48.45 Feb. 13, 2013 19,944 Acquired
June 7, 2005 ABT Option (right to buy) [F2] common shares (24,629) $33.23 Feb. 13, 2013 24,629 Disposed
Feb. 18, 2005 ABT Option (right to buy) [F3] common shares (313,200) $46.34 Feb. 17, 2015 313,200 Acquired
Sept. 1, 2004 ABT Option (right to buy) [F2] common shares (13,569) $41.69 Feb. 13, 2013 13,569 Acquired
Sept. 1, 2004 ABT Option (right to buy) [F2] common shares (15,469) $33.23 Feb. 13, 2013 15,469 Disposed
Feb. 20, 2004 ABT Option (right to buy) [F3] common shares (270,000) $43.66 Feb. 19, 2014 270,000 Acquired
Feb. 17, 2004 ABT Option (right to buy) [F2] common shares (11,800) $44.31 Feb. 13, 2013 11,800 Acquired
Feb. 17, 2004 ABT Option (right to buy) common shares (13,444) $35.36 Feb. 13, 2013 13,444 Disposed

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 12 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date Ticker Security Shares Ownership
May 7, 2026 ODTX Common Stock 265,198 Direct
May 7, 2026 ODTX Stock Option (Right to Buy)→ Common Stock (2,599) 2,599 Direct
May 7, 2026 ODTX Stock Option (Right to Buy)→ Common Stock (6,843) 6,843 Direct
May 7, 2026 ODTX Stock Option (Right to Buy)→ Common Stock (280) 280 Direct
May 7, 2026 ODTX Stock Option (Right to Buy)→ Common Stock (78,681) 78,681 Direct
May 7, 2026 ODTX Stock Option (Right to Buy)→ Common Stock (25,643) 25,643 Direct
May 7, 2026 ODTX Stock Option (Right to Buy)→ Common Stock (209,594) 209,594 Direct
May 7, 2026 ODTX Series B Convertible Preferred Stock→ Common Stock (8,527) 8,527 Indirect
May 7, 2026 ODTX Series C Convertible Preferred Stock→ Common Stock (10,291) 10,291 Indirect
May 7, 2026 ODTX Series D Convertible Preferred Stock→ Common Stock (9,880) 9,880 Indirect
May 7, 2026 ODTX Series D Warrants (Right to Buy)→ Common Stock (2,963) 2,963 Indirect
July 7, 2009 VRTX Common Stock 0 Direct

Compensation (DEF 14A)

Matched by name from proxy statements (DEF 14A) — verify against the filing.

ABT

COO
Fiscal year Salary Bonus Stock awards Option awards Non-equity incentive Pension change Other Total
2006 $225,083 $4,053,861 $0 $0 $241,792 $244,055 $4,764,791
2005
2004
Fiscal year Salary Bonus Stock awards Option awards Non-equity incentive Pension change Other Total
2023 $95,022 $6,595,282
2022 $92,930 $8,593,180
2019 $1,300,000 $3,510,000 $73,265 $18,789,985

Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.