How Raab was paid
$7.8M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Michael RaabPresident, Chief Executive Officer and Director | $797,000 | — | $2,953,724 | $3,413,948 | $627,638 | $3,861 | $7,796,171 |
| Susan HohenleitnerChief Financial Officer | $120,929 | $330,000 | $735,949 | $2,194,078 | $56,416 | — | $3,437,372 |
| John Bishop, Ph.D.Chief Technical and Quality Officer | $240,000 | — | $1,004,980 | $1,148,032 | $116,510 | $3,000 | $2,512,522 |
| Edward Conner, M.D.Former Chief Medical Officer | $213,019 | — | $1,574,775 | $1,836,116 | — | — | $3,623,910 |
| Elizabeth Grammer, Esq.Former Chief Legal and Administrative Officer | $527,126 | — | $708,002 | $818,313 | $246,695 | $3,481 | $2,303,617 |
| Justin RenzFormer Chief Financial and Operations Officer | $464,434 | — | $1,578,559 | $1,182,722 | $250,425 | $75,543 | $3,551,684 |
What changed and why
- $9.6MCEO total compensation decreased from $9,606,165 in 2024 to $7,796,171 in 2025.
- Stock and option awards represented the vast majority of executive compensation.
- Annual cash incentives were earned based on the achievement of company and individual performance objectives.
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.