CVRx (CVRX) executive compensation, 2026 proxy

Kevin Hykes, President and Chief Executive Officer, was paid $3.9M in 2025, down 55% from $8.8M the year before.

Filed
April 20, 2026
Annual meeting
June 1, 2026
Pay year
2025
Named executives
3
CEO total pay
$3.9M-55% vs prior year
CEO pay in equity
71%$2.8M in awards
CEO 2025 Salary
$660,533Base salary paid in 2025
CEO Stock Awards
$1,270,080Grant date fair value of RSUs
CEO Option Awards
$1,516,896Grant date fair value of options
CEO Incentive Payout
$444,492Non-equity incentive compensation earned

How Hykes was paid

$3.9M 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.

Salary17%Stock awards33%Option awards39%Non-equity incentive11%All other compensation0%

Named executive officers

ExecutiveTotal
Kevin HykesPresident and Chief Executive Officer$3,905,801
Robert JohnChief Revenue Officer$1,762,384
Philip AdamsonChief Medical Officer$1,361,143

What changed and why

  • $3.9MKevin Hykes received total compensation of $3,905,801 for fiscal 2025 compared to $8,756,626 in 2024.
  • 50%The company introduced restricted stock units in 2025, weighting long-term incentives approximately 50% in stock options and 50% in RSUs.
  • Annual cash incentives for NEOs were based on total revenue, U.S. revenue, modified operating loss, and key operating objectives.
  • $13,800All named executive officers received $13,800 in all other compensation through 401(k) matching contributions.

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.