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Companies Adaptimmune Therapeutics PLC

Adaptimmune Therapeutics (ADAP): executive pay, fiscal 2024

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CEO total pay$2,109,075CEO Adrian Rawcliffe · source
Say-on-pay support97.05%Latest vote · source
CEO vs. named peers24th pct.Of 20 peer CEOs

CEO pay, last three years

  • $2,774,041FY2023
  • $2,109,075FY2024

CEO total pay was $2,109,075 in fiscal 2024, down from $2,774,041 in fiscal 2023.

FY2024: salary $676,000 · stock awards $0 · option awards $1,065,820

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Adaptimmune Therapeutics PLC in fiscal 2024?
As disclosed, Adrian Rawcliffe (Chief Executive Officer and Director) was the highest-paid executive at Adaptimmune Therapeutics PLC in fiscal 2024, with total compensation of $2,109,075.
How does Adaptimmune Therapeutics PLC's chief executive pay compare to its disclosed peer group?
As disclosed, Adrian Rawcliffe's total compensation ranked at the 24th percentile of Adaptimmune Therapeutics PLC's disclosed peer group.
How did shareholders vote on Adaptimmune Therapeutics PLC's executive compensation?
As disclosed, 97.05% of shareholders supported Adaptimmune Therapeutics PLC's executive compensation in the latest say-on-pay vote.
How much does Adaptimmune Therapeutics PLC spend in total on board compensation for fiscal 2024?
As disclosed, Adaptimmune Therapeutics PLC reported total board compensation of $186,250 for fiscal 2024.

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
Adrian Rawcliffe$676,000—$0$1,065,820$324,480$0$42,775$2,109,075
Chief Executive Officer and Director
Cintia Piccina363,251—01,235,787131,100016,1581,746,296
Chief Commercial Officer
William Bertrand486,906—0355,272175,286040,9051,058,369
Chief Operating 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Adrian Rawcliffe$2,109,075$2,774,041—↓ −664,966
Cintia Piccina1,746,296992,342—↑ +753,954
William Bertrand1,058,3691,215,100—↓ −156,731

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

Our philosophy in setting compensation policies for executive officers has two objectives: (1) to attract and retain a highly skilled team of executives and (2) to align our executives' interests with those of our shareholders by rewarding short-term and long-term performance.

CEO STI target (% of salary)60%
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
William BertrandOption22,6420.95—
William BertrandOption60,67800
Adrian RawcliffeOption67,9250.95—
William BertrandOption157,12800
Adrian RawcliffeOption182,04000
William BertrandOption235,69200
William BertrandOption381,1740.55—
Adrian RawcliffeOption523,74000
William BertrandOption565,41600
Adrian RawcliffeRSU628,872—0
William BertrandRSU674,178—732,894
Cintia PiccinaOption753,88800
Cintia PiccinaRSU1,125,648—0
Adrian RawcliffeOption1,270,3380.55—
Adrian RawcliffeOption1,348,70400
Adrian RawcliffeOption1,696,27200
Adrian RawcliffeRSU2,247,366—2,442,858
Cintia PiccinaRSU2,531,661—2,557,203
William BertrandOption2,544,4320.140
Adrian RawcliffeOption7,633,2960.140
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David M. MottIndependent · Board Chair · Remuneration (Chair) · Corporate Governance and Nominating (Chair) · Not standing for re-election$0$0$204,195—$0$204,195
Priti HegdeIndependent · Corporate Governance and Nominating · Research and Development · Not standing for re-election26,2500147,636—0173,886
Lawrence M. AllevaIndependent · Audit (Chair) · Not standing for re-election00156,566—0156,566
Ali BehbahaniIndependent · Corporate Governance and Nominating · Research and Development00152,086—0152,086
Garry MenzelIndependent · Audit · Not standing for re-election00144,659—0144,659
John FureyIndependent · Audit · Remuneration57,500085,123—0142,623
Kristen HegeIndependent · Research and Development (Chair) · Not standing for re-election47,500094,024—0141,524
Andrew AllenIndependent · Remuneration · Research and Development · Not standing for re-election55,000085,123—0140,123
Adrian RawcliffeEmployee director000—00

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

ComponentFY2024
Cash retainers and fees$186,250
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$186,250

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

Peer group, and who names Adaptimmune Therapeutics as a peer

Companies that benchmark against ADAP

1 company names ADAP as a compensation peer

Each company listed discloses ADAP in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ADAP in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Adaptimmune Therapeutics PLC names as compensation peers that name it back in their own disclosed peer groups.

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
1Immunocore Holdings plc2025Bahija Jallal$765,000$2,819,992$6,579,990$688,500$10,885,268
2Dynavax Technologies Corporation2024Ryan Spencer835,0014,902,1501,824,299641,9078,210,775
3Bicycle Therapeutics plc2025Kevin Lee862,3391,724,8002,961,297543,6426,341,473
4Precigen, Inc.2025Helen Sabzevari1,000,0002,215,0001,069,2001,049,9975,354,329
5Lyell Immunopharma, Inc.2025Lynn Seely690,173186,8062,907,551414,0004,222,265
6Poseida Therapeutics, Inc.2023Mark Gergen611,6671,442,2851,413,936336,4203,818,018
7bluebird bio, Inc.2023Andrew Obenshain681,657863,5901,142,440348,0243,049,181
8Nkarta, Inc.2025Paul Hastings674,384236,2501,711,957344,9472,978,038
9Sana Biotechnology, Inc.2025Steven Harr696,140425,0011,327,500450,3692,903,010
10Coherus BioSciences, Inc.2025Dennis Lanfear1,026,5450828,130869,2952,736,874
11Instil Bio, Inc.2025Bronson Crouch740,52001,079,521421,1712,256,412
12Fate Therapeutics, Inc.2025Bahram Valamehr600,00001,283,868360,0002,248,568
13Precision BioSciences, Inc.2025Michael Amoroso650,8751,025,086002,189,467
14Adaptimmune Therapeutics PLC2024Adrian Rawcliffe676,00001,065,820324,4802,109,075
15MacroGenics, Inc.2025Eric Risser561,56852,0001,049,386251,9002,078,854
16Caribou Biosciences, Inc.2025Rachel Haurwitz667,534192,818654,54101,840,965
17Inovio Pharmaceuticals, Inc.2025Jacqueline Shea728,000346,101351,955144,1441,587,155
18Century Therapeutics, Inc.2025Gregory Russotti559,65071,12051,240226,658912,320
—Autolus Therapeutics plc——————not in coverage universe
—Sangamo Therapeutics, Inc.——————not in coverage universe

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Adaptimmune Therapeutics PLC80%Options 75 · RSU 25not disclosedPearl Meyer
Autolus Therapeutics plcnot disclosednot disclosednot disclosednot disclosed
Bicycle Therapeutics plc97%not disclosednot disclosednot disclosed
bluebird bio, Inc.85%Options 50 · RSU 50NoAon
Caribou Biosciences, Inc.not disclosednot disclosednot disclosedAlpine Rewards, LLC
Century Therapeutics, Inc.not disclosednot disclosednot disclosednot disclosed
Coherus BioSciences, Inc.not disclosedOption 100not disclosedAon
Dynavax Technologies Corporation102.5%Options 34 · RSU 33 · PSU 33Yes — Relative Total Stockholder Return (rTSR) ranking vs. Nasdaq Biotechnology IndexAlpine
Fate Therapeutics, Inc.100%Options 100NoAon's Human Capital Solutions practice (Radford)
Immunocore Holdings plc120%Option 70 · RSU 30not disclosedAon Human Capital Solutions practice, a division of Aon plc
Inovio Pharmaceuticals, Inc.33%not disclosedYes — Relative TSRAon (Human Capital Solutions practice)
Instil Bio, Inc.not disclosedOption 100not disclosedFW Cook
Lyell Immunopharma, Inc.100%not disclosedNoAlpine
MacroGenics, Inc.85%not disclosednot disclosedAlpine Rewards, LLC
Nkarta, Inc.not disclosednot disclosednot disclosedAon Consulting, Inc.
Poseida Therapeutics, Inc.not disclosednot disclosednot disclosedAon Consulting, Inc.
Precigen, Inc.140%not disclosednot disclosedAon
Precision BioSciences, Inc.115%RSU 100not disclosedAon
Sana Biotechnology, Inc.107.5%not disclosednot disclosedAon plc (Human Capital Solutions practice)
Sangamo Therapeutics, Inc.not disclosednot disclosednot disclosedAon

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-29788,416,38023,994,5666,559,24097.05%Passed
20242024-05-14986,885,46052,365,8781,074,15094.96%Passed
20222022-05-25676,250,16212,745,38023,730,70698.15%Passed
20212021-05-14661,563,9562,652,246550,36299.6%Passed
20202020-05-29624,514,8561,969,5364,716,17499.69%Passed
20192019-05-02494,043,1202,346,0904,376,36499.53%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
20252025-05-2997.05%a
20242024-05-1494.96%b
20222022-05-2598.15%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
EcoR1 Capital, LLCGreater-than-10% holder2025-07-28D33,931,740$0$3,817,321CommonForm 4 ↗
EcoR1 Capital, LLCGreater-than-10% holder2025-07-29D2,687,4600271,971CommonForm 4 ↗
EcoR1 Capital, LLCGreater-than-10% holder2025-07-30D27,433,33802,800,944CommonForm 4 ↗
Ali BehbahaniDirector2025-08-15D4,828,206053,110Common, indirectForm 4 ↗
Ali BehbahaniDirector2025-08-18D14,671,7940176,062Common, indirectForm 4 ↗
William BertrandChief Operating Officer2025-08-28D207,00002,091CommonForm 4 ↗
Gavin WoodChief Financial Officer2025-09-02D96,0000950CommonForm 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 (44 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, Adrian Rawcliffe. DEF 14A, filed 2025-04-25. Section “2024 Summary Compensation Table” · page 63. As printed: 2,109,075. View filing ↗
  • Section 01, Cintia Piccina. DEF 14A, filed 2025-04-25. Section “2024 Summary Compensation Table”. As printed: 1,746,296. View filing ↗
  • Section 01, William Bertrand. DEF 14A, filed 2025-04-25. Section “2024 Summary Compensation Table”. As printed: 1,058,369. View filing ↗
  • Section 08, David M. Mott. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 204,195. View filing ↗
  • Section 08, Priti Hegde. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 173,886. View filing ↗
  • Section 08, Lawrence M. Alleva. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 156,566. View filing ↗
  • Section 08, Ali Behbahani. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 152,086. View filing ↗
  • Section 08, Garry Menzel. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 144,659. View filing ↗
  • Section 08, John Furey. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 142,623. View filing ↗
  • Section 08, Kristen Hege. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 141,524. View filing ↗
  • Section 08, Andrew Allen. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 140,123. View filing ↗
  • Section 08, Adrian Rawcliffe. DEF 14A, filed 2025-04-25. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, EcoR1 Capital, LLC 2025-07-28. Form 4, filed 2025-07-30. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, EcoR1 Capital, LLC 2025-07-29. Form 4, filed 2025-07-30. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, EcoR1 Capital, LLC 2025-07-30. Form 4, filed 2025-07-30. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ali Behbahani 2025-08-15. Form 4, filed 2025-08-19. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Ali Behbahani 2025-08-18. Form 4, filed 2025-08-19. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, William Bertrand 2025-08-28. Form 4, filed 2025-08-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gavin Wood 2025-09-02. Form 4, filed 2025-09-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-29. Item 5.07 · say-on-pay result. As reported: 97.05% (votes for as printed: 788,416,380). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-14. Item 5.07 · say-on-pay result. As reported: 94.96% (votes for as printed: 986,885,460). View filing ↗
  • Section 06, 2022 vote. Form 8-K, filed 2022-05-25. Item 5.07 · say-on-pay result. As reported: 98.15%. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 186,250 + equity 0 + all other 0 = 186,250, summed across the director compensation table rows.
  • Immunocore Holdings plc, Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Immunocore Holdings plc's own proxy. As printed: 10,885,268. View filing ↗
  • Dynavax Technologies Corporation, Section 10b CEO total. DEF 14A, filed 2025-04-17. CEO total compensation as printed in Dynavax Technologies Corporation's own proxy. As printed: 8,210,775. View filing ↗
  • Bicycle Therapeutics plc, Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Bicycle Therapeutics plc's own proxy. As printed: 6,341,473. View filing ↗
  • Precigen, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Precigen, Inc.'s own proxy. As printed: 5,354,329. View filing ↗
  • Lyell Immunopharma, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Lyell Immunopharma, Inc.'s own proxy. As printed: 4,222,265. View filing ↗
  • Poseida Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-25. CEO total compensation as printed in Poseida Therapeutics, Inc.'s own proxy. As printed: 3,818,018. View filing ↗
  • bluebird bio, Inc., Section 10b CEO total. DEF 14A, filed 2024-09-26. CEO total compensation as printed in bluebird bio, Inc.'s own proxy. As printed: 3,049,181. View filing ↗
  • Nkarta, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Nkarta, Inc.'s own proxy. As printed: 2,978,038. View filing ↗
  • Sana Biotechnology, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Sana Biotechnology, Inc.'s own proxy. As printed: 2,903,010. View filing ↗
  • Coherus BioSciences, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Coherus BioSciences, Inc.'s own proxy. As printed: 2,736,874. View filing ↗
  • Instil Bio, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Instil Bio, Inc.'s own proxy. As printed: 2,256,412. View filing ↗
  • Fate Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Fate Therapeutics, Inc.'s own proxy. As printed: 2,248,568. View filing ↗
  • Precision BioSciences, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Precision BioSciences, Inc.'s own proxy. As printed: 2,189,467. View filing ↗
  • Adaptimmune Therapeutics PLC (subject), Section 10b CEO total. DEF 14A, filed 2025-04-25. CEO total compensation as printed in Adaptimmune Therapeutics PLC's own proxy. As printed: 2,109,075. View filing ↗
  • MacroGenics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in MacroGenics, Inc.'s own proxy. As printed: 2,078,854. View filing ↗
  • Caribou Biosciences, Inc., Section 10b CEO total. DEFR 14A, filed 2026-05-01. CEO total compensation as printed in Caribou Biosciences, Inc.'s own proxy. As printed: 1,840,965. View filing ↗
  • Inovio Pharmaceuticals, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Inovio Pharmaceuticals, Inc.'s own proxy. As printed: 1,587,155. View filing ↗
  • Century Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Century Therapeutics, Inc.'s own proxy. As printed: 912,320. View filing ↗
  • Section 10a, Inovio Pharmaceuticals, Inc. reciprocity. DEF 14A. Inovio Pharmaceuticals, Inc. names Adaptimmune Therapeutics PLC in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, MacroGenics, Inc. reciprocity. DEF 14A. MacroGenics, Inc. names Adaptimmune Therapeutics PLC in its own disclosed peer group (read from its most recent proxy). View filing ↗
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