Rafael Holdings (RFL) executive compensation, 2025 proxy

Howard Jonas, Chairman of the Board, Chief Executive Officer and Executive Chairman, was paid $294,000 in fiscal 2025, down 46% from $540,333 the year before.

Filed
November 18, 2025
Annual meeting
January 8, 2026
Pay year
fiscal 2025
Named executives
4
CEO total pay
$294,000-46% vs prior year
CEO pay in equity
85%$250,000 in awards

How Jonas was paid

$294,000 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.

Salary15%Stock awards85%

Named executive officers

ExecutiveTotal
Howard JonasChairman of the Board, Chief Executive Officer and Executive Chairman$294,000
William ConklingChief Executive Officer$592,912
John GoldbergChief Medical Officer$533,753
David PolinskyChief Financial Officer$527,353

What changed and why

  • Howard Jonas became Chief Executive Officer on June 1, 2025, succeeding William Conkling.
  • $294KHoward Jonas received total compensation of $294,000 for fiscal 2025.
  • $593KWilliam Conkling received total compensation of $592,912 for fiscal 2025.
  • $30.6MNet loss for fiscal 2025 was $30,643,000.

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.