How Kelly was paid
$2.1M 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 | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Jared KellyChief Executive Officer | $318,093 | — | $1,780,836 | — | $9,583 | $2,108,512 |
| Wayne PisanoFormer Interim CEO | $110,000 | $124,419 | $108,722 | $50,000 | $40,000 | $433,141 |
| Thomas C. HeinemanChief Medical Officer | $550,971 | — | $521,871 | $110,500 | $14,000 | $1,197,342 |
| Kirk LookChief Financial Officer | $460,978 | — | $547,046 | $90,500 | $23,705 | $1,122,229 |
What changed and why
- $2.1M$2,108,512 Jared Kelly’s 2025 total compensation included $1,780,836 in option awards and no bonus.
- June 11, 2025 Jared Kelly became CEO and received inducement options and performance share units.
- 50%50% The Compensation Committee’s 2025 corporate achievement level determined short-term incentive awards.
- $784K$784,484 Jared Kelly’s performance-based stock awards had this maximum-performance grant-date value.
- $1.2M$1,197,342 Thomas C. Heineman’s 2025 total compensation included $521,871 in option awards.
- $433K$433,141 Wayne Pisano’s 2025 total compensation included $40,000 in director compensation.
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.