How Phil. was paid
$4.7M 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 | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Sean A. McCarthy, D. Phil.Chief Executive Officer and Chairman of the Board of Directors | $675,290 | — | $1,150,463 | $2,158,170 | $749,572 | $5,000 | $4,738,495 |
| Chris OgdenSenior Vice President, and Chief Financial Officer | $478,650 | — | $224,928 | $446,369 | $387,684 | $5,000 | $1,542,631 |
| Rachael LesterSenior Vice President and Chief Business Officer | $77,019 | $120,000 | $1,993,355 | — | $44,500 | $0 | $2,234,874 |
What changed and why
- $4.7MCEO Sean A. McCarthy received total compensation of $4,738,495 in 2025, an increase from $1,752,802 in 2024.
- $547KThe CEO's non-equity incentive plan compensation included $546,895 for annual performance and $202,587 from a milestone award.
- $2.2MRachael Lester joined as Senior Vice President and Chief Business Officer in October 2025 with a total compensation of $2,234,874.
- $10.6MCompensation actually paid to the PEO was calculated at $10,636,158 for fiscal 2025 reflecting equity value changes.
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.