How Payne was paid
$1.7M 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 | Options | Other | Total |
|---|---|---|---|---|
| Joseph E. PaynePresident and Chief Executive Officer, Director | $750,000 | $941,000 | — | $1,691,000 |
| Dr. Padmanabh ChivukulaChief Scientific Officer, Chief Operating Officer | $572,000 | $290,000 | — | $862,000 |
| Andy SassineFormer Chief Financial Officer | $572,000 | $37,500 | $572,000 | $1,181,500 |
| Lance KurataChief Legal Officer | $540,000 | $290,000 | — | $830,000 |
| Joe RobertsInterim Principal Financial Officer and Accounting Officer; Controller | $219,580 | $54,000 | — | $273,580 |
What changed and why
- 54%CEO total compensation for 2025 was 1691000 dollars, reflecting a 54 percent decrease compared to 2024.
- No cash bonuses were awarded to named executive officers for the 2025 fiscal year.
- Andy Sassine stepped down as Chief Financial Officer and received severance payments totaling 572000 dollars.
- Stock option awards granted to the CEO in December 2025 totaled 941000 dollars in grant date fair value.
- 96.9%At the 2025 annual meeting, approximately 96.9 percent of votes cast supported the say-on-pay proposal.
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.