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Companies Agenus Inc

Agenus (AGEN): executive pay, fiscal 2025

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CEO total pay$1,350,325CEO Garo Armen · source
Say-on-pay support66.21%Latest vote · source
CEO vs. named peers12th pct.Of 17 peer CEOs

CEO pay, last three years

  • $5,856,319FY2023
  • $3,717,621FY2024
  • $1,350,325FY2025

CEO total pay was $1,350,325 in fiscal 2025, down from $3,717,621 in fiscal 2024.

FY2025: salary $715,260 · bonus $429,156 · stock awards $0 · option awards $141,000

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Agenus Inc in fiscal 2025?
As disclosed, Garo Armen (Chairman and Chief Executive Officer) was the highest-paid executive at Agenus Inc in fiscal 2025, with total compensation of $1,350,325.
How does Agenus Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Garo Armen's total compensation ranked at the 12th percentile of Agenus Inc's disclosed peer group.
How did shareholders vote on Agenus Inc's executive compensation?
As disclosed, 66.21% of shareholders supported Agenus Inc's executive compensation in the latest say-on-pay vote.
How much does Agenus Inc spend in total on board compensation for fiscal 2025?
As disclosed, Agenus Inc reported total board compensation of $610,000 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
Garo Armen$715,260$429,156$0$141,000$0$0$64,909$1,350,325
Chairman and Chief Executive Officer
Steven O'Day594,880297,440000010,500902,820
Chief Medical Officer
Christine Klaskin298,2240027,257006,538332,019
Vice President of Finance

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
Garo Armen$1,350,325$3,717,621$5,856,319↓ −2,367,296
Steven O'Day902,820968,4911,435,980↓ −65,671
Christine Klaskin332,019483,477712,747↓ −151,458

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 compensation philosophy emphasizes equity-based incentives that reward long-term performance and align executives' interests with those of stockholders. Fixed compensation (base salary) is balanced against performance-oriented incentives (annual bonus opportunities and multi-year equity awards).

CEO STI target (% of salary)60%
CEO LTI target (% of salary)—
Independent consultantAon Radford
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Garo ArmenOPTION2025-06-17——37,500—$141,000
Christine KlaskinOPTION2025-06-17——7,250—27,257

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Garo Armen$0$0$141,0000.0%
Christine Klaskin0027,2570.0%

% 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
Christine KlaskinOption68449—
Steven O'DayOption84149—
Christine KlaskinOption1,31113.25—
Christine KlaskinOption2,61912.26—
Steven O'DayOption4,18912.26—
Christine KlaskinOption7,2503.02—
Garo ArmenOption10,05049—
Garo ArmenOption37,5003.02—
Garo ArmenOption45,22511.9—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Brian CorveseIndependent · Lead Independent Director · Compensation (Chair) · Nominating/Governance · Executive (Chair)$262,500$0$112,822$0$0$375,322
Timothy R. WrightIndependent · Audit and Finance · Compensation · Affiliate Transactions · Nominating/Governance · Executive · Audit · Finance141,667057,78700199,454
Thomas HarrisonIndependent · Audit and Finance (Chair) · Nominating/Governance (Chair) · Audit (Chair) · Finance (Chair)110,833064,20800175,041
Susan HirschIndependent · Audit and Finance · Compensation · Affiliate Transactions · Audit · Finance95,000055,03500150,035
Jennifer BuellNot independent · Newly elected000—00
Garo H. ArmenEmployee director · Board Chair · Executive000—00

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$5,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 15,000
Stock ownership guideline$500

Total cost of the board

ComponentFY2025
Cash retainers and fees$610,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$610,000

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

Peer group, and who names Agenus as a peer

Companies that benchmark against AGEN

9 companies name AGEN as a compensation peer

Each company listed discloses AGEN 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 AGEN 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 2025

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

Peer reciprocity

The companies Agenus Inc 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
1iTeos Therapeutics2024Michel Detheux$628,684$0$4,965,264$421,014$6,085,657
2Precigen2025Helen Sabzevari1,000,0002,215,0001,069,2001,049,9975,354,329
3Inhibrx2025Mark Lappe695,25000479,7232,892,473
4Voyager Therapeutics, Inc.2025Alfred Sandrock674,903611,900843,900361,9172,508,370
5ALX Oncology2025Jason Lettmann724,50001,447,488298,8562,470,844
6Repare Therapeutics2024Lloyd Segal630,500278,0001,203,960242,7432,368,837
7Karyopharm Therapeutics Inc.2025Richard Paulson770,000838,996241,544350,3502,320,902
8Instil Bio, Inc.2025Bronson Crouch740,52001,079,521421,1712,256,412
9Fate Therapeutics, Inc.2025Bahram Valamehr600,00001,283,868360,0002,248,568
10Precision BioSciences, Inc.2025Michael Amoroso650,8751,025,086002,189,467
11MacroGenics, Inc.2025Eric Risser561,56852,0001,049,386251,9002,078,854
12Seres Therapeutics, Inc.2025Eric Shaff408,33301,338,87001,775,549
13Immuneering2025Benjamin Zeskind641,4930579,50401,660,612
14Mersana Therapeutics, Inc.2024Michael Huber632,500133,635518,044322,5751,613,754
15Inovio Pharmaceuticals, Inc.2025Jacqueline Shea728,000346,101351,955144,1441,587,155
16Agenus Inc2025Garo Armen715,2600141,00001,350,325
17Zentalis Pharmaceuticals, Inc.2025Julie Eastland700,00099,77256,975441,0001,300,731
18Atara Biotherapeutics, Inc.2025AnhCo Nguyen668,8000001,068,069

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
Agenus Inc125%Options 100not disclosedAon Radford
ALX Oncologynot disclosednot disclosednot disclosedCompensia
Atara Biotherapeutics, Inc.not disclosedRSU 100not disclosedPearl Meyer
Fate Therapeutics, Inc.100%Options 100NoAon's Human Capital Solutions practice (Radford)
Immuneeringnot disclosedOption 100not disclosedRadford, an Aon Company
Inhibrxnot disclosedOption 100not disclosednot disclosed
Inovio Pharmaceuticals, Inc.33%not disclosedYes — Relative TSRAon (Human Capital Solutions practice)
Instil Bio, Inc.not disclosedOption 100not disclosedFW Cook
iTeos Therapeuticsnot disclosednot disclosednot disclosedRadford
Karyopharm Therapeutics Inc.90%not disclosedYes — Relative TSRAlpine, WTW
MacroGenics, Inc.85%not disclosednot disclosedAlpine Rewards, LLC
Mersana Therapeutics, Inc.not disclosedOption 75 · RSU 25not disclosedPearl Meyer & Partners, LLC
Precigen140%not disclosednot disclosedAon
Precision BioSciences, Inc.115%RSU 100not disclosedAon
Repare Therapeutics70%not disclosednot disclosedAon
Seres Therapeutics, Inc.not disclosedOptions 100not disclosedAlpine Rewards, LLC
Voyager Therapeutics, Inc.97.5%not disclosedNoAlpine Rewards, LLC
Zentalis Pharmaceuticals, Inc.105%not disclosednot disclosedAnderson Pay Advisors LLC / Pay Governance LLC

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
20262026-06-1612,751,2666,507,225229,28966.21%Passed
20252025-06-175,162,3395,184,095470,62849.89%Failed
20242024-06-118,811,6081,193,315272,01088.07%Passed
20232023-06-12181,293,80719,195,3133,828,09390.43%Passed
20202020-06-1666,080,49531,700,340435,36767.58%Passed
20172017-06-2846,749,3471,471,154158,61596.95%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
20262026-06-1666.21%a
20252025-06-1749.89%b
20242024-06-1188.07%c

a. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" will not be counted as votes cast or shares voting on Proposal 4, and will have no effect on the vote.”.

b. Approved under the standard stated in the filing — “Abstentions and “broker non-votes” will not be counted as votes cast or shares voting on Proposal 2, and will have no effect on the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" will not be counted as votes cast or shares voting on Proposal 3, and will have no effect on the vote.”.

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
Garo H. ArmenDirector2026-05-01A4,233$4$16,255CommonForm 4 ↗
Garo H. ArmenDirector2026-05-15A4,540416,253CommonForm 4 ↗
Garo H. ArmenDirector2026-05-29A4,644416,254CommonForm 4 ↗
Garo H. ArmenDirector2026-06-12A4,925316,253CommonForm 4 ↗
Garo H. ArmenDirector2026-06-26A5,364316,253CommonForm 4 ↗
Thomas HarrisonDirector2026-07-01A8,547430,624CommonForm 4 ↗
Timothy R. WrightDirector2026-07-01A2,267.77——Derivative, Class A CommonForm 4 ↗
Garo H. ArmenDirector2026-07-10A4,852316,254CommonForm 4 ↗
Marco Tullio MarcucciDirector2026-08-05A7,50000Derivative, Class A CommonForm 4 ↗
Timothy R. WrightDirector2026-08-05A50,00000Derivative, Class A CommonForm 4 ↗
Jennifer BuellDirector2026-08-05A200,00000Derivative, Class A CommonForm 4 ↗
Susan HirschDirector2026-08-05A50,00000Derivative, Class A CommonForm 4 ↗
Brian CorveseDirector2026-08-05A100,00000Derivative, Class A CommonForm 4 ↗
Steven O'DayChief Medical Officer2026-08-05A100,00000Derivative, Class A CommonForm 4 ↗
Thomas HarrisonDirector2026-08-05A50,00000Derivative, Class A CommonForm 4 ↗
Garo H. ArmenDirector2026-08-10A1,971,50000Derivative, Class A CommonForm 4 ↗
Thomas HarrisonDirector2026-10-01A4,443730,626CommonForm 4 ↗
Timothy R. WrightDirector2026-10-01A1,178.76——Derivative, Class A CommonForm 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 (57 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, Garo Armen. DEF 14A, filed 2026-04-30. Section “Summary Compensation Table” · page 20. As printed: 1,350,325. View filing ↗
  • Section 01, Steven O'Day. DEF 14A, filed 2026-04-30. Section “Summary Compensation Table”. As printed: 902,820. View filing ↗
  • Section 01, Christine Klaskin. DEF 14A, filed 2026-04-30. Section “Summary Compensation Table”. As printed: 332,019. View filing ↗
  • Section 03, Garo Armen OPTION. DEF 14A, filed 2026-04-30. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Christine Klaskin OPTION. DEF 14A, filed 2026-04-30. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. 10-K, filed 2026-03-16. Section “CEO Pay Ratio”. As printed: —. View filing ↗
  • Section 08, Brian Corvese. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 375,322. View filing ↗
  • Section 08, Timothy R. Wright. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 199,454. View filing ↗
  • Section 08, Thomas Harrison. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 175,041. View filing ↗
  • Section 08, Susan Hirsch. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 150,035. View filing ↗
  • Section 08, Jennifer Buell. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Garo H. Armen. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Garo H. Armen 2026-05-01. Form 4, filed 2026-05-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Garo H. Armen 2026-05-15. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Garo H. Armen 2026-05-29. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Garo H. Armen 2026-06-12. Form 4, filed 2026-06-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Garo H. Armen 2026-06-26. Form 4, filed 2026-06-30. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Thomas Harrison 2026-07-01. Form 4, filed 2026-07-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Timothy R. Wright 2026-07-01. Form 4, filed 2026-07-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Garo H. Armen 2026-07-10. Form 4, filed 2026-07-14. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Marco Tullio Marcucci 2026-08-05. Form 4, filed 2026-09-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Timothy R. Wright 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Buell 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Susan Hirsch 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian Corvese 2026-08-05. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Steven O'Day 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Thomas Harrison 2026-08-05. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Garo H. Armen 2026-08-10. Form 4, filed 2026-08-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Thomas Harrison 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Timothy R. Wright 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-23. Item 5.07 · say-on-pay result. As reported: 66.21% (votes for as printed: 12,751,266). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-20. Item 5.07 · say-on-pay result. As reported: 49.89% (votes for as printed: 5,162,339). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-14. Item 5.07 · say-on-pay result. As reported: 88.07% (votes for as printed: 8,811,608). 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 610,000 + equity 0 + all other 0 = 610,000, summed across the director compensation table rows.
  • iTeos Therapeutics, Section 10b CEO total. DEF 14A, filed 2025-04-24. CEO total compensation as printed in iTeos Therapeutics's own proxy. As printed: 6,085,657. View filing ↗
  • Precigen, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Precigen's own proxy. As printed: 5,354,329. View filing ↗
  • Inhibrx, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Inhibrx's own proxy. As printed: 2,892,473. View filing ↗
  • Voyager Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Voyager Therapeutics, Inc.'s own proxy. As printed: 2,508,370. View filing ↗
  • ALX Oncology, Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in ALX Oncology's own proxy. As printed: 2,470,844. View filing ↗
  • Repare Therapeutics, Section 10b CEO total. DEF 14A, filed 2025-04-29. CEO total compensation as printed in Repare Therapeutics's own proxy. As printed: 2,368,837. View filing ↗
  • Karyopharm Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-13. CEO total compensation as printed in Karyopharm Therapeutics Inc.'s own proxy. As printed: 2,320,902. 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 ↗
  • 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 ↗
  • Seres Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Seres Therapeutics, Inc.'s own proxy. As printed: 1,775,549. View filing ↗
  • Immuneering, Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Immuneering's own proxy. As printed: 1,660,612. View filing ↗
  • Mersana Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-29. CEO total compensation as printed in Mersana Therapeutics, Inc.'s own proxy. As printed: 1,613,754. 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 ↗
  • Agenus Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Agenus Inc's own proxy. As printed: 1,350,325. View filing ↗
  • Zentalis Pharmaceuticals, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Zentalis Pharmaceuticals, Inc.'s own proxy. As printed: 1,300,731. View filing ↗
  • Atara Biotherapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Atara Biotherapeutics, Inc.'s own proxy. As printed: 1,068,069. View filing ↗
  • Section 10a, Atara Biotherapeutics, Inc. reciprocity. DEF 14A. Atara Biotherapeutics, Inc. names Agenus Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Inovio Pharmaceuticals, Inc. reciprocity. DEF 14A. Inovio Pharmaceuticals, Inc. names Agenus Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, MacroGenics, Inc. reciprocity. DEF 14A. MacroGenics, Inc. names Agenus Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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