How Frohlich was paid
$9.8M 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 | Other | Total |
|---|---|---|---|---|---|
| Tom FrohlichChief Executive Officer, President and Director | $621,970 | $8,779,876 | $397,913 | $0 | $9,799,759 |
| Andrew King, Ph.D.President, Research and Development | $507,301 | $3,775,903 | $258,600 | $0 | $4,541,804 |
| Bradford DahmsChief Financial Officer | $233,013 | $3,781,940 | $113,600 | $3,438 | $4,131,991 |
| Timothy P. NoyesFormer Chief Executive Officer | $213,767 | — | — | $1,600,716 | $1,814,483 |
What changed and why
- $9.8MTom Frohlich total compensation reached $9,799,759 in fiscal 2025 due to new equity option grants.
- $630KBase salary for Tom Frohlich increased to $630,000 effective April 2025.
- 120%Corporate performance goals under the 2025 bonus program achieved 120% payout.
- $300MPre-Merger Jade completed a $300 million financing triggering replenishment option requirements.
- $1.6MTimothy P. Noyes received $1,600,716 in severance and benefits upon termination.
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.