How DesRosier was paid
$1.1M 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 | Stock | Options | Other | Total |
|---|---|---|---|---|---|---|
| Eric D. ShaffFormer President and Chief Executive Officer | $408,333 | — | $1,338,870 | — | $28,346 | $1,775,549 |
| Thomas J. DesRosierFormer Co-President and Co-Chief Executive Officer and current Executive Vice President and Chief Legal Officer | $512,900 | $166,667 | — | $446,290 | $10,166 | $1,136,023 |
| Marella ThorellFormer Co-President and Co-Chief Executive Officer and current Executive Vice President and Chief Financial Officer | $494,400 | $166,667 | $446,290 | — | $6,039 | $1,113,396 |
| Matthew Henn, Ph.D.President and Chief Scientific Officer | $489,300 | — | $75,682 | $446,290 | $3,075 | $1,014,347 |
| Teresa L. Young, Ph.D.Former Executive Vice President and Chief Commercial and Strategy Officer | $489,300 | — | $75,682 | $446,290 | $10,190 | $1,021,462 |
What changed and why
- Eric D. Shaff resigned as President and Chief Executive Officer effective July 31, 2025.
- Thomas J. DesRosier and Marella Thorell were appointed as Co-Presidents and Co-Chief Executive Officers effective August 1, 2025.
- $500KTransition letters provided cash appointment bonuses equal to $500,000 for Mr. DesRosier and Ms. Thorell.
- Stockholders approved the 2025 Incentive Award Plan to replace the prior 2015 Plan.
- 64%Approximately 64 percent of votes cast supported the say-on-pay proposal at the 2025 annual meeting.
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.