How Ph.D. was paid
$4.9M 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Cheryl R. Blanchard, Ph.D.Executive Chair; Former President and Chief Executive Officer | $750,397 | $638,000 | $3,476,669 | $22,252 | $4,887,318 |
| Stephen D. GriffinPresident and Chief Executive Officer; Former EVP, Chief Financial Officer and Chief Operating Officer | $500,000 | $300,000 | $1,215,222 | $18,148 | $2,033,370 |
| David B. ColleranEVP, General Counsel and Secretary | $486,424 | $219,000 | $889,624 | $19,157 | $1,614,205 |
| Anne M. NunesFormer SVP, Chief Operations Officer | $157,639 | — | $505,922 | $282,310 | $946,571 |
| Ian W. McLeodSVP, Chief Accounting Officer and Treasurer | $345,362 | $121,987 | $275,943 | $22,252 | $765,544 |
What changed and why
- $112.8MGenerated total revenue of $112.8 million for the year while maintaining a focused cost structure.
- $11.2MDelivered $11.2 million of operating cash flow and $4.4 million of free cash flow in 2025.
- $4.9MDr. Blanchard received total compensation of $4,887,318 in fiscal year 2025.
- Stephen D. Griffin succeeded Dr. Blanchard as President and Chief Executive Officer in February 2026.
- The ratio of the annual total compensation of the CEO to the median employee was 44 to 1.
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.