Candel Therapeutics (CADL) executive compensation, 2026 proxy

Paul Peter Tak, M.D., Ph.D., FMedSci, Chief Executive Officer, was paid $5.3M in 2025, up 269% from $1.4M the year before.

Filed
April 29, 2026
Annual meeting
June 23, 2026
Pay year
2025
Named executives
3
CEO total pay
$5.3M+269% vs prior year
CEO pay in equity
81%$4.3M in awards
CEO Target Bonus
50%Percentage of annual base salary
CSO Target Bonus
40%Percentage of annual base salary
CFO Target Bonus
40%Percentage of annual base salary
Corporate Achievement
110%Achievement of corporate goals for 2025
CEO Housing and Travel
$274,289Included in all other compensation

How FMedSci was paid

$5.3M 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.

Salary14%Stock awards73%Option awards7%All other compensation5%

Named executive officers

ExecutiveTotal
Paul Peter Tak, M.D., Ph.D., FMedSciChief Executive Officer$5,344,561
Francesca Barone, M.D., Ph.D.Chief Scientific Officer$1,561,536
Charles SchochChief Financial Officer$1,470,817

What changed and why

  • $5.3MCEO total compensation increased to $5,344,561 in fiscal year 2025 due to larger stock and option awards.
  • 110%Corporate goals were achieved at 110 percent based on performance metrics established by the compensation committee.
  • $721KAnnual base salaries were $721,188 for Dr. Tak and $469,153 for Dr. Barone during fiscal year 2025.
  • $440KMr. Schoch received a base salary increase to $440,000 when he became Chief Financial Officer in June 2025.
  • Aon Plc d/b/a Radford advised the compensation committee on executive compensation market competitiveness and peer groups.

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.