Virgin Galactic Proxy Statement Details Executive Pay

Ticker: SPCE · Form: DEF 14A · Filed: 2025-04-15T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, governance

Related Tickers: SPCE

TL;DR

Virgin Galactic's proxy statement is out, detailing exec pay for 2024. Shareholders, take note!

AI Summary

Virgin Galactic Holdings, Inc. filed its DEF 14A proxy statement on April 15, 2025, detailing executive compensation and corporate governance matters for the fiscal year ending December 31, 2024. The filing includes information on the company's board of directors, compensation committee, and the compensation of its named executive officers, such as CEO Michael "Mike" Moses and former CEO Michael "Mike" Colglazier. Specific details on stock awards, option awards, and other compensation elements are provided for these individuals.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and awarded, impacting the company's financial health and alignment with shareholder interests.

Risk Assessment

Risk Level: medium — Proxy statements can reveal compensation structures that may or may not align with company performance, potentially impacting investor confidence and future stock performance.

Key Numbers

2024-12-31 — Fiscal Year End (The period covered by the compensation details in the filing.)
20250415 — Filing Date (The date the DEF 14A was submitted to the SEC.)

Key Players & Entities

Virgin Galactic Holdings, Inc. (company) — Filer of the DEF 14A
Michael "Mike" Moses (person) — Named Executive Officer (CEO)
Michael "Mike" Colglazier (person) — Former Named Executive Officer (CEO)
1700 FLIGHT WAY, TUSTIN, CA 92782 (location) — Company Business and Mail Address

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation, and provides detailed information about these matters.

Who are the key individuals whose compensation is detailed in this filing?

The filing details compensation for named executive officers, including current CEO Michael "Mike" Moses and former CEO Michael "Mike" Colglazier, among others.

What is the fiscal year end for Virgin Galactic Holdings, Inc. as stated in this filing?

The fiscal year end for Virgin Galactic Holdings, Inc. is December 31st, as indicated by the 'FISCAL YEAR END: 1231' entry.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on April 15, 2025, as indicated by the 'FILED AS OF DATE: 20250415' and 'CONFORMED SUBMISSION TYPE: DEF 14A'.

What is the company's primary business address?

The company's business address is 1700 FLIGHT WAY, TUSTIN, CA 92782.

From the Filing

0001706946-25-000063.txt : 20250415 0001706946-25-000063.hdr.sgml : 20250415 20250415161441 ACCESSION NUMBER: 0001706946-25-000063 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 105 CONFORMED PERIOD OF REPORT: 20250415 FILED AS OF DATE: 20250415 DATE AS OF CHANGE: 20250415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Virgin Galactic Holdings, Inc CENTRAL INDEX KEY: 0001706946 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] ORGANIZATION NAME: 01 Energy & Transportation EIN: 853608069 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38202 FILM NUMBER: 25839661 BUSINESS ADDRESS: STREET 1: 1700 FLIGHT WAY CITY: TUSTIN STATE: CA ZIP: 92782 BUSINESS PHONE: (575) 424-2100 MAIL ADDRESS: STREET 1: 1700 FLIGHT WAY CITY: TUSTIN STATE: CA ZIP: 92782 FORMER COMPANY: FORMER CONFORMED NAME: Virgin Galactic Vehicle Holdings, Inc DATE OF NAME CHANGE: 20191025 FORMER COMPANY: FORMER CONFORMED NAME: Social Capital Hedosophia Holdings Corp. DATE OF NAME CHANGE: 20170517 DEF 14A 1 spce-20250415.htm DEFINITIVE PROXY STATEMENT spce-20250415 DEF 14A 0001706946 FALSE iso4217:USD 0001706946 2024-01-01 2024-12-31 0001706946 spce:PEO1Member 2024-01-01 2024-12-31 0001706946 spce:PEO2Member 2024-01-01 2024-12-31 0001706946 spce:PEO1Member 2023-01-01 2023-12-31 0001706946 spce:PEO2Member 2023-01-01 2023-12-31 0001706946 2023-01-01 2023-12-31 0001706946 spce:PEO1Member 2022-01-01 2022-12-31 0001706946 spce:PEO2Member 2022-01-01 2022-12-31 0001706946 2022-01-01 2022-12-31 0001706946 spce:PEO1Member 2021-01-01 2021-12-31 0001706946 spce:PEO2Member 2021-01-01 2021-12-31 0001706946 2021-01-01 2021-12-31 0001706946 spce:PEO1Member 2020-01-01 2020-12-31 0001706946 spce:PEO2Member 2020-01-01 2020-12-31 0001706946 2020-01-01 2020-12-31 0001706946 spce:PEO1Member 2020-07-20 2020-12-31 0001706946 spce:PEO2Member 2020-01-01 2020-07-19 0001706946 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001706946 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001706946 1 2024-01-01 2024-12-31 0001706946 2 2024-01-01 2024-12-31 0001706946 3 2024-01-01 2024-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant CHECK THE APPROPRIATE BOX: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☑ Definitive Proxy Statement ☐ Def