How Hallal was paid
$33.3M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| David HallalChief Executive Officer and Chairman | $637,500 | $2,000,000 | $22,518,500 | $7,624,988 | $452,293 | $67,646 | $33,300,927 |
| Akshay Vaishnaw, M.D., Ph.D.President of R&D | $523,077 | $2,000,000 | $9,007,400 | $3,050,001 | $278,334 | $32,555 | $14,891,367 |
| R. Keith WoodsChief Operating Officer | $523,077 | — | $9,007,400 | $3,050,001 | $278,334 | $57,187 | $12,915,999 |
| Vikas SinhaChief Financial Officer | $523,077 | — | $9,007,400 | $3,050,001 | $278,334 | $14,036 | $12,872,848 |
| Jay Backstrom, M.D., M.P.H.Former President and Chief Executive Officer | $600,231 | — | $5,895,227 | $9,848,049 | — | $1,145,317 | $17,488,824 |
What changed and why
- $33.3MDavid Hallal received a total compensation of $33,300,927 in 2025 following his appointment as Chief Executive Officer and Chairman.
- New executive leadership was established in April 2025, with sign-on bonuses and extensive equity awards granted upon commencement.
- Performance-based restricted stock units were introduced in 2025 to align executive compensation with long-term stockholder value creation.
- Jay Backstrom stepped down as President and CEO in April 2025 and received severance and modified equity acceleration.
- $975KAnnual base salaries for newly appointed executives were established at $975,000 for the CEO and $800,000 for other named executives.
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.