How Walker was paid
$3.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Neal WalkerChief Executive Officer | $615,000 | $828,426 | $1,581,615 | $350,550 | — | $3,375,591 |
| Kevin BalthaserChief Financial Officer | $446,000 | $310,640 | $548,440 | $171,710 | $14,000 | $1,490,790 |
| James LoeropChief Business Officer | $416,000 | $336,800 | $520,146 | $160,160 | $14,000 | $1,447,106 |
What changed and why
- $3.4MCEO Neal Walker received total compensation of $3,375,591 in fiscal 2025 following his formal appointment as Chief Executive Officer.
- 23%Dr. Walker's base salary increased by 23% to $615,000 in 2025 due to his transition from interim to permanent CEO.
- 95%Named executive officers were awarded annual bonuses at 95% to 96% of their respective target levels based on performance achievement.
- 76%Stockholders approved the 2024 say-on-pay proposal with approximately 76% support at the previous annual meeting.
- Pearl Meyer served as the independent compensation consultant to advise on executive compensation design and peer benchmarking.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.