How Michel was paid
$5.8M 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 | Options | Incentive | Total |
|---|---|---|---|---|
| Gerard MichelChief Executive Officer | $635,707 | $4,774,551 | $355,000 | $5,765,258 |
| Vojislav VukovicChief Medical Officer | $488,000 | $1,383,395 | $184,000 | $2,055,395 |
| Martha RookChief Operating Officer | $460,833 | $1,383,395 | $180,000 | $2,024,228 |
What changed and why
- $5.8MChief Executive Officer Gerard Michel received total compensation of $5,765,258 in 2025, representing an increase from $2,157,414 in 2024.
- $4.8MOption awards for Mr. Michel increased to $4,774,551 in 2025 compared to $1,230,036 in the prior year.
- $355KMr. Michel earned a non-equity incentive plan compensation of $355,000 for 2025 based on achievement of corporate performance goals.
- 84%Annual incentive plan goals were based entirely on company performance for the chief executive officer with an 84% overall achievement level.
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.