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Companies Arbutus Biopharma Corp

Arbutus Biopharma (ABUS): executive pay, fiscal 2025

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CEO total pay$1,369,013CEO Lindsay Androski · source
Say-on-pay support94.29%Latest vote · source

CEO pay, last three years

  • $1,369,013FY2025

CEO total pay was $1,369,013 in fiscal 2025; the brief holds no earlier figure for this CEO.

FY2025: salary $437,750 · bonus $0 · stock awards $0 · option awards $714,751

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Arbutus Biopharma Corp in fiscal 2025?
As disclosed, Michael McElhaugh (Former Interim President and Chief Executive Officer) was the highest-paid executive at Arbutus Biopharma Corp in fiscal 2025, with total compensation of $3,578,150.
How did shareholders vote on Arbutus Biopharma Corp's executive compensation?
As disclosed, 94.29% of shareholders supported Arbutus Biopharma Corp's executive compensation in the latest say-on-pay vote.
How much does Arbutus Biopharma Corp spend in total on board compensation for fiscal 2025?
As disclosed, Arbutus Biopharma Corp reported total board compensation of $158,681 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael McElhaugh$109,658$0$582,330$1,855,495$0$0$1,030,667$3,578,150
Former Interim President and Chief Executive Officer
Tuan Nguyen359,849001,879,890159,756017,5002,416,995
Chief Financial Officer
David Hastings138,6130296,429944,26800839,0522,218,362
Former Chief Financial Officer
Lindsay Androski437,75000714,751216,512001,369,013
President and Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael McElhaugh$3,578,150$2,110,083$1,620,485↑ +1,468,067
Tuan Nguyen2,416,995———
David Hastings2,218,3621,825,8461,556,806↑ +392,516
Lindsay Androski1,369,013———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract and motivate executive officers by incentivizing the creation of sustainable long-term shareholder value through the clinical development of drug candidates and the protection of intellectual property. The program does not utilize the Company's financial results as the primary indicator for executive compensation, instead focusing on milestones for lead product candidates and other business objectives.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultantRadford (Aon)
Clawback policyThe Board adopted the Incentive Compensation Recovery Policy on October 18, 2023, which requires the recovery of erroneously awarded incentive compensation in the event of an accounting restatement.
Anti-hedgingDirectors, officers, and employees are prohibited from engaging in any hedging or monetization transactions involving the Company's securities.
Anti-pledgingDirectors, officers, and employees are prohibited from holding the Company's securities in a margin account or pledging them as collateral for a loan.
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David HastingsOPTION—————$944,268
Michael McElhaughOPTION—————1,855,495
David HastingsRSU—————296,429
Tuan NguyenOPTION—————1,879,890
Lindsay AndroskiOPTION—————714,751
Michael McElhaughRSU—————582,330

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Hastings$296,429$0$944,2680.0%
Michael McElhaugh582,33001,855,4950.0%
Tuan Nguyen001,879,8900.0%
Lindsay Androski00714,7510.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Lindsay AndroskiOption310,4223.2—
Tuan NguyenOption750,0003.49—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robert Alan BeardsleyIndependent · Nominating/Governance · Compensation (Chair) · Audit$55,098—$362,876—$0$417,974
Roger SawhneyIndependent · Nominating/Governance · Audit22,559—365,402—0387,961
Anuj HasijaIndependent · Departed during FY24,277—362,876—0387,153
Frank TortiIndependent · Departed during FY12,568—0—012,568
James MeyersIndependent · Departed during FY10,664—0—010,664
Richard C. HenriquesIndependent · Departed during FY10,283—0—010,283
Daniel BurgessIndependent · Departed during FY8,379—0—08,379
Keith ManchesterIndependent · Departed during FY7,617—0—07,617
Melissa V. RewolinskiIndependent · Departed during FY7,236—0—07,236
Joseph BishopIndependent · Nominating/Governance · Audit (Chair) · Compensation0—0—00
Michael J. McElhaughEmployee director · Departed during FY000—00
Matthew GlineIndependent · Nominating/Governance (Chair) · Compensation0—0—00
Lindsay AndroskiEmployee director · Board Chair—————0

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$158,681
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$158,681

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Arbutus Biopharma as a peer

Companies that benchmark against ABUS

4 companies name ABUS as a compensation peer

The list of companies that name ABUS as a peer is temporarily unavailable — recheck shortly.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Arbutus Biopharma Corp2025Lindsay Androski$437,750$0$714,751$216,512$1,369,013

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-26137,629,2078,331,760512,66094.29%Passed
20252025-05-21122,791,7496,976,561347,54794.62%Passed
20242024-05-2299,284,55713,548,3189,771,54887.99%Passed
20232023-05-2485,552,3038,211,1961,055,98391.24%Passed
20222022-05-2571,034,9115,946,818461,31092.28%Passed
20212021-05-2634,997,4092,754,917368,08992.7%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-2694.29%a
20252025-05-2194.62%b
20242024-05-2287.99%c

a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on the outcome of this Proposal No.”.

b. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on the outcome of this Proposal No.”.

c. Approved under the standard stated in the filing — “" Broker non-votes and abstentions will have no effect on the outcome of this Proposal No.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Roger SawhneyDirector2026-06-08A78,800$0$0Derivative, Class A CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-06-08A78,80000Derivative, Class A CommonForm 4 ↗
Roger SawhneyDirector2026-09-18D78,80000Derivative, Class A CommonForm 4 ↗
Roger SawhneyDirector2026-09-18D52,53300Derivative, Class A CommonForm 4 ↗
Roger SawhneyDirector2026-09-18D100,5085509,576CommonForm 4 ↗
Tuan NguyenChief Financial Officer2026-09-18D27,47500Derivative, Class A CommonForm 4 ↗
Lindsay AndroskiDirector2026-09-18A10,456445,902CommonForm 4 ↗
Roger SawhneyDirector2026-09-18A52,5333175,460CommonForm 4 ↗
Tuan NguyenChief Financial Officer2026-09-18D206,63751,047,650CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-09-18D78,80000Derivative, Class A CommonForm 4 ↗
Tuan NguyenChief Financial Officer2026-09-18A265,6253927,031CommonForm 4 ↗
Tuan NguyenChief Financial Officer2026-09-18A27,4754120,615CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-09-18D52,53300Derivative, Class A CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-09-18D99,0575502,219CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-09-18A78,8004334,112CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-09-18A52,5333168,106CommonForm 4 ↗
Lindsay AndroskiDirector2026-09-18D116,40800Derivative, Class A CommonForm 4 ↗
Lindsay AndroskiDirector2026-09-18D82,5275418,412CommonForm 4 ↗
Lindsay AndroskiDirector2026-09-18A116,4083372,506CommonForm 4 ↗
Roger SawhneyDirector2026-09-18A78,8004334,112CommonForm 4 ↗
Tuan NguyenChief Financial Officer2026-09-18D265,62500Derivative, Class A CommonForm 4 ↗
Lindsay AndroskiDirector2026-09-18D10,45600Derivative, Class A CommonForm 4 ↗
Roger SawhneyDirector2026-10-01D17,142585,710CommonForm 4 ↗
Tuan NguyenChief Financial Officer2026-10-01D48,0815240,405CommonForm 4 ↗
Lindsay AndroskiDirector2026-10-01D24,6555123,275CommonForm 4 ↗
Robert Alan BeardsleyDirector2026-10-01D17,948589,740CommonForm 4 ↗
Roivant Sciences Ltd.Director2026-10-01D8,967,383544,836,915CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (58 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Michael McElhaugh. DEF 14A, filed 2026-04-14. Section “Executive Compensation” · page 31. As printed: 3,578,150. View filing ↗
  • Section 01, Tuan Nguyen. DEF 14A, filed 2026-04-14. Section “Executive Compensation”. As printed: 2,416,995. View filing ↗
  • Section 01, David Hastings. DEF 14A, filed 2026-04-14. Section “Executive Compensation”. As printed: 2,218,362. View filing ↗
  • Section 01, Lindsay Androski. DEF 14A, filed 2026-04-14. Section “Executive Compensation”. As printed: 1,369,013. View filing ↗
  • Section 03, David Hastings OPTION. DEF 14A, filed 2026-04-14. Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael McElhaugh OPTION. DEF 14A, filed 2026-04-14. Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, David Hastings RSU. DEF 14A, filed 2026-04-14. Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Tuan Nguyen OPTION. DEF 14A, filed 2026-04-14. Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Lindsay Androski OPTION. DEF 14A, filed 2026-04-14. Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael McElhaugh RSU. DEF 14A, filed 2026-04-14. Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. 10-K, filed 2026-03-23. Section “CEO Pay Ratio”. As printed: —. View filing ↗
  • Section 08, Robert Alan Beardsley. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 417,974. View filing ↗
  • Section 08, Roger Sawhney. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 387,961. View filing ↗
  • Section 08, Anuj Hasija. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 387,153. View filing ↗
  • Section 08, Frank Torti. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 12,568. View filing ↗
  • Section 08, James Meyers. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 10,664. View filing ↗
  • Section 08, Richard C. Henriques. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 10,283. View filing ↗
  • Section 08, Daniel Burgess. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 8,379. View filing ↗
  • Section 08, Keith Manchester. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 7,617. View filing ↗
  • Section 08, Melissa V. Rewolinski. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 7,236. View filing ↗
  • Section 08, Joseph Bishop. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Michael J. McElhaugh. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Matthew Gline. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Lindsay Androski. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Roger Sawhney 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roger Sawhney 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roger Sawhney 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roger Sawhney 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tuan Nguyen 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lindsay Androski 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roger Sawhney 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tuan Nguyen 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tuan Nguyen 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tuan Nguyen 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lindsay Androski 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lindsay Androski 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lindsay Androski 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roger Sawhney 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tuan Nguyen 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lindsay Androski 2026-09-18. Form 4, filed 2026-09-23. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roger Sawhney 2026-10-01. Form 4, filed 2026-10-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tuan Nguyen 2026-10-01. Form 4, filed 2026-10-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lindsay Androski 2026-10-01. Form 4, filed 2026-10-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Alan Beardsley 2026-10-01. Form 4, filed 2026-10-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Roivant Sciences Ltd. 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-27. Item 5.07 · say-on-pay result. As reported: 94.29% (votes for as printed: 137,629,207). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-23. Item 5.07 · say-on-pay result. As reported: 94.62% (votes for as printed: 122,791,749). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-28. Item 5.07 · say-on-pay result. As reported: 87.99% (votes for as printed: 99,284,557). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 158,681 + equity 0 + all other 0 = 158,681, summed across the director compensation table rows.
  • Arbutus Biopharma Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Arbutus Biopharma Corp's own proxy. As printed: 1,369,013. View filing ↗
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