Mustang Bio (MBIO) executive compensation, 2025 proxy

Manuel Litchman, M.D., President, Chief Executive Officer and Interim Chief Financial Officer, was paid $498,042 in 2024, down 3% from $514,479 the year before.

Filed
December 3, 2025
Annual meeting
December 22, 2025
Pay year
2024
Named executives
2
CEO total pay
$498,042-3% vs prior year
CEO Target Bonus
50%of annual base salary
CEO Base Salary
$485,500unchanged from 2023
Stock Price
$8.85closing price at 2024 year-end

How M.D. was paid

$498,042 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.

Salary97%All other compensation3%

Named executive officers

ExecutiveTotal
Manuel Litchman, M.D.President, Chief Executive Officer and Interim Chief Financial Officer$498,042
James MurphyFormer Interim Chief Financial Officer$199,485

What changed and why

  • The Compensation Committee decided not to pay 2023 and 2024 annual cash incentive bonuses to preserve cash resources.
  • $514KCEO total compensation decreased from $514,479 in 2023 to $498,042 in 2024.
  • No equity awards were granted to named executive officers in 2024.

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.