How Steel was paid
$4.3M 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.
Named executive officers
| Executive | Salary | Bonus | Options | Incentive | Total |
|---|---|---|---|---|---|
| Bruce D. SteelChief Executive Officer | $519,234 | $353,505 | $3,020,709 | $361,800 | $4,255,248 |
| Stephen Connelly, Ph.D.President and Chief Scientific Officer | $455,166 | $271,396 | $1,775,264 | $200,000 | $2,701,826 |
| Christine ZedelmayerChief Operating Officer | $441,292 | $175,000 | $1,291,784 | $194,000 | $2,102,076 |
What changed and why
- $4.3MBruce D. Steel received total compensation of $4,255,248 in fiscal 2025, an increase from $684,392 in 2024.
- The Compensation Committee awarded one-time spot bonuses in August 2025 to recognize completed fundraising goals.
- Additional option awards were granted in August 2025 to offset dilution from capital raises.
- 100%The company achieved 100% of its corporate goals for 2025 across preclinical, nonclinical, and financial metrics.
- $603KBase salary for the chief executive officer was increased to $603,000 effective August 2025.
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.