Penumbra (PEN) executive compensation, 2026 proxy

Adam Elsesser, Chairman, Chief Executive Officer and former President, was paid $851,621 in fiscal 2025, up 35% from $630,467 the year before. The CEO-to-median-employee pay ratio was 11:1, on median employee pay of $74,923.

Filed
April 29, 2026
Annual meeting
June 18, 2026
Pay year
fiscal 2025
Named executives
5
CEO total pay
$851,621+35% vs prior year
CEO to median employee
11:1median $74,923
Prior say-on-pay support
98%of votes cast
Enterprise Value
$14.5BBoston Scientific merger transaction value
2025 Revenue
$1,403.7MAchieved under PSU Program targets
2025 Non-GAAP Income
$189.2MAchieved under PSU Program targets
Say-on-Pay Support
98%Approval at prior annual meeting

How Elsesser was paid

$851,621 in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary100%All other compensation0%

Named executive officers

ExecutiveTotal
Adam ElsesserChairman, Chief Executive Officer and former President$851,621
Maggie YuenChief Financial Officer$2,427,993
Johanna RobertsExecutive Vice President, General Counsel and Secretary$2,427,897
Lambert ShiuChief Accounting Officer$2,179,577
Shruthi NarayanPresident$4,376,926

What changed and why

  • $852KChief Executive Officer Adam Elsesser received total compensation of $851,621 in 2025 without any equity grants or bonuses.
  • None of the named executive officers received cash bonuses or short-term cash incentive compensation during fiscal 2025.
  • $14.5BThe company entered into an agreement to be acquired by Boston Scientific Corporation for an enterprise value of approximately $14.5 billion.
  • 98%Stockholders strongly supported executive compensation with approximately 98% of votes cast approving the say-on-pay proposal at the prior 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.