How Butler was paid
$5.7M 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 |
|---|---|---|---|---|---|---|
| John P. ButlerPresident and Chief Executive Officer | $864,010 | $2,164,338 | $2,024,798 | $580,973 | $18,220 | $5,652,339 |
| Erik J. OstrowskiSenior Vice President, Chief Financial Officer, Chief Business Officer and Treasurer | $552,919 | $436,576 | $562,915 | $223,074 | $16,877 | $1,792,361 |
| Steven K. Burke, M.D.Senior Vice President, Chief Research & Development and Medical Officer | $600,538 | $436,576 | $562,915 | $242,286 | $17,500 | $1,859,815 |
| Nicholas P. GrundSenior Vice President, Chief Commercial Officer | $506,742 | $436,576 | $562,915 | $204,672 | $17,500 | $1,728,405 |
What changed and why
- $5.7MCEO John P. Butler received total compensation of $5,652,339 in fiscal 2025.
- 90%Annual cash bonuses were paid based on 90% achievement of corporate performance goals.
- Named executive officers received annual merit-based salary increases and equity incentive awards.
- Amended executive severance agreements eliminated single-trigger equity vesting upon a change in control.
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.