Stéphane Bancel, Getty

As Covid-19 vac­cine was be­ing de­vel­oped, Mod­er­na shelled out more than $1M for top ex­ec­u­tives' se­cu­ri­ty

As Mod­er­na worked in over­drive to cre­ate the sec­ond Covid-19 vac­cine grant­ed emer­gency use au­tho­riza­tion by the FDA, it spent more than $1.1 mil­lion on se­cu­ri­ty for its top ex­ec­u­tives — the over­whelm­ing ma­jor­i­ty of which went to keep­ing CEO Stéphane Ban­cel safe.

More than $1 mil­lion was spent on se­cu­ri­ty costs for Ban­cel in 2020, ac­cord­ing to a proxy fil­ing pub­lished this week. CMO Tal Zaks, who in Feb­ru­ary an­nounced that he will leave the com­pa­ny lat­er this year, re­ceived $143,719 for se­cu­ri­ty. The com­pa­ny al­so spent $16,380 on se­cu­ri­ty for Pres­i­dent Stephen Hoge, and $28,161 on SVP Juan An­dres.

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