How Ph.D. was paid
$617,224 in total for 2024, 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 | Incentive | Other | Total |
|---|---|---|---|---|---|
| W. Marc Hertz, Ph.D.President and Chief Executive Officer | $458,708 | — | $158,373 | $143 | $617,224 |
| Leanne M. KellyChief Financial Officer | $342,417 | $50,000 | $76,860 | $143 | $469,420 |
| Vipin Kumar Chaturvedi, Ph.D.Chief Scientific Officer | $342,417 | — | $76,860 | $143 | $419,420 |
What changed and why
- 617,224: CEO total compensation in 2024, down from 785,764 in 2023 as non-equity incentive compensation declined.
- 158,373: CEO performance bonus based on achievement of pre-established performance objectives.
- August 1, 2024: CEO base salary increased to 575,900 from 375,000.
- 50,000: Leanne Kelly received a retention bonus in April 2024 under her employment agreement.
- January 2025: Company granted fully vested options covering 7,631 shares to the CEO.
- 55%55%: CEO target annual performance bonus as a percentage of then-current base salary.
Other GRI Bio proxy statements
- 2026 proxy statement
W. Marc Hertz, Ph.D. paid $1M (+66% on the year).
Filed Sep 28, 2026
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.