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Companies Puma Biotechnology, Inc

Puma Biotechnology (PBYI): executive pay, fiscal 2025

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CEO total pay$3,062,337CEO Alan Auerbach · source
CEO vs. named peers42nd pct.Of 12 peer CEOs
CEO pay ratio11:1To the median employee · source

CEO pay, last three years

  • $2,944,748FY2023
  • $3,969,931FY2024
  • $3,062,337FY2025

CEO total pay was $3,062,337 in fiscal 2025, down from $3,969,931 in fiscal 2024.

FY2025: salary $931,333 · stock awards $551,549 · option awards $535,513

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Puma Biotechnology, Inc in fiscal 2025?
As disclosed, Alan Auerbach (President and Chief Executive Officer) was the highest-paid executive at Puma Biotechnology, Inc in fiscal 2025, with total compensation of $3,062,337.
How does Puma Biotechnology, Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Alan Auerbach's total compensation ranked at the 42nd percentile of Puma Biotechnology, Inc's disclosed peer group.
What is Puma Biotechnology, Inc's CEO-to-median employee pay ratio?
As disclosed, Puma Biotechnology, Inc's CEO-to-median employee pay ratio was 11:1.
How much does Puma Biotechnology, Inc spend in total on board compensation for fiscal 2025?
As disclosed, Puma Biotechnology, Inc reported total board compensation of $1,146,560 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
Alan Auerbach$931,333—$551,549$535,513$1,027,307—$16,635$3,062,337
President and Chief Executive Officer
Jeff Ludwig264,880—132,998129,131——949,1591,476,167
Chief Commercial Officer
Maximo Nougues562,961130,607170,848165,881191,069—19,8491,241,215
Chief Financial Officer
Douglas Hunt489,060122,265133,765129,878165,987—20,4451,061,400
Chief Regulatory Affairs, Medical Affairs, and Pharmacovigilance 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
Alan Auerbach$3,062,337$3,969,931$2,944,748↓ −907,594
Jeff Ludwig1,476,1671,228,2881,381,848↑ +247,879
Maximo Nougues1,241,2151,404,9781,231,826↓ −163,763
Douglas Hunt1,061,4001,217,5011,021,553↓ −156,101

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 executive compensation program is structured to attract, motivate and retain highly qualified executives by paying them competitively, consistent with our success and their contribution to that success.

CEO STI target (% of salary)65%
CEO LTI target (% of salary)—
Independent consultantCompensia
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Alan AuerbachRSU2025-02-07——198,399—$551,549
Jeff LudwigRSU2025-02-07——47,841—132,998
Maximo NouguesRSU2025-02-07——61,456—170,848
Douglas Hunt—2025-02-07——48,117—133,765
Jeff LudwigOPTION2025-02-07——66,221—129,131
Maximo NouguesOPTION2025-02-07——85,067—165,881
Douglas HuntOPTION2025-02-07——66,604—129,878
Alan AuerbachOPTION2025-02-07——274,622—535,513

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Alan Auerbach$551,549$0$535,5130.0%
Jeff Ludwig132,9980129,1310.0%
Maximo Nougues170,8480165,8810.0%
Douglas Hunt00129,8780.0%

% 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
Alan AuerbachRSU1,645—$9,788
Alan AuerbachOption2,2625—
Douglas HuntRSU9,474—56,370
Maximo NouguesRSU10,827—64,421
Douglas HuntOption13,1136.36—
Maximo NouguesOption14,9876.36—
Jeff LudwigRSU23,510—71,706
Douglas HuntRSU36,088—214,724
Alan AuerbachRSU40,199—239,184
Douglas HuntRSU43,010—142,792
Maximo NouguesRSU46,092—274,247
Douglas HuntOption49,9532.78—
Maximo NouguesRSU51,669—171,734
Alan AuerbachOption55,6446.36—
Jeff LudwigRSU55,882—170,441
Maximo NouguesOption63,8012.78—
Alan AuerbachRSU148,800—885,360
Alan AuerbachRSU179,886—598,031
Alan AuerbachOption205,9672.78—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jay M. MoyesIndependent · Lead Independent Director · Audit (Chair) · Compensation$77,500$95,580$0—$0$173,080
Troy E. Wilson, Ph.D., J.DIndependent · Audit · Nominating/Governance (Chair) · Research and Development77,50095,5800—0173,080
Brian Stuglik, R.PhIndependent · Compensation (Chair) · Research and Development72,50095,5800—0168,080
Adrian M. Senderowicz, M.DIndependent · Nominating/Governance · Research and Development (Chair)70,00095,5800—0165,580
Michael P. MillerIndependent · Compensation · Nominating/Governance62,50095,5800—0158,080
Allison DorvalIndependent · Audit60,00095,5800—0155,580
Alessandra Cesano, M.D., Ph.DIndependent · Research and Development57,50095,5800—0153,080
Alan H. AuerbachEmployee director · Board Chair000—00

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$300,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guidelineeach non-employee director is expected to attain beneficial ownership of 10,000 shares of our common stock no later than April 2022, and to maintain or exceed such ownership throughout service

Total cost of the board

ComponentFY2025
Cash retainers and fees$477,500
Equity awards (grant-date value)$669,060
All other compensation$0
Total cost of the board$1,146,560

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

Peer group, and who names Puma Biotechnology as a peer

Companies that benchmark against PBYI

8 companies name PBYI as a compensation peer

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

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 Puma Biotechnology, 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
1Organogenesis Holdings2025Gary Gillheeney$979,105$2,833,330$1,380,017$1,536,575$6,811,754
2Nektar Therapeutics2025Howard Robin1,106,282942,0812,986,5351,106,2826,256,954
3Akebia Therapeutics2025John Butler864,0102,164,3382,024,798580,9735,652,339
4Rigel Pharmaceuticals2025Raul Rodriguez787,405951,3272,241,570634,6494,658,805
5Esperion Therapeutics2025Sheldon Koenig770,8331,260,000847,929639,3753,535,512
6Heron Therapeutics2025Craig Collard689,431946,2541,352,917517,1893,516,291
7Aclaris Therapeutics2025Neal Walker615,000828,4261,581,615350,5503,375,591
8Puma Biotechnology, Inc2025Alan Auerbach931,333551,549535,5131,027,3073,062,337
9Coherus BioSciences2025Dennis Lanfear1,026,5450828,130869,2952,736,874
10Karyopharm Therapeutics2025Richard Paulson770,000838,996241,544350,3502,320,902
11MacroGenics, Inc.2025Eric Risser561,56852,0001,049,386251,9002,078,854
12Assertio Holdings, Inc.2025Mark Reisenauer202,060458,093784,42501,449,996
13Agenus Inc.2025Garo Armen715,2600141,00001,350,325

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
Puma Biotechnology, Inc169.7%Options 50 · RSU 50not disclosedCompensia
Aclaris Therapeuticsnot disclosednot disclosednot disclosedPearl Meyer
Agenus Inc.125%Options 100not disclosedAon Radford
Akebia Therapeutics90%Options 50 · RSU 25 · MSU 25NoPearl Meyer
Assertio Holdings, Inc.not disclosedRSU 50 · Option 50not disclosedPearl Meyer
Coherus BioSciencesnot disclosedOption 100not disclosedAon
Esperion Therapeutics110%not disclosednot disclosednot disclosed
Heron Therapeuticsnot disclosedOption 66.67 · RSU 33.33not disclosedCompensia, Inc.
Karyopharm Therapeutics90%not disclosedYes — Relative TSRAlpine, WTW
MacroGenics, Inc.85%not disclosednot disclosedAlpine Rewards, LLC
Nektar Therapeutics100%not disclosedNoAon
Organogenesis Holdingsnot disclosednot disclosednot disclosedPearl Meyer
Rigel Pharmaceuticals124%Options 75 · RSU 25NoPearl Meyer

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

No say-on-pay vote is on file for this company.

CEO pay ratio

Ratio (CEO : median employee)11 : 1
CEO total compensation$3,062,337
Median employee compensation$273,504
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
Allison DorvalDirector2026-06-11A27,000$0$0CommonForm 4 ↗
Jay M. MoyesDirector2026-06-11A27,00000CommonForm 4 ↗
Adrian SenderowiczDirector2026-06-11A27,00000CommonForm 4 ↗
Brian M. StuglikDirector2026-06-11A27,00000CommonForm 4 ↗
Michael P. MillerDirector2026-06-11A27,00000CommonForm 4 ↗
Alessandra CesanoDirector2026-06-11A27,00000CommonForm 4 ↗
Troy Edward WilsonDirector2026-06-11A27,00000CommonForm 4 ↗
Jay M. MoyesDirector2026-06-12D22,0007158,796CommonForm 4 ↗
Brian M. StuglikDirector2026-06-12D8,100758,311CommonForm 4 ↗
Troy Edward WilsonDirector2026-06-12D10,800777,748CommonForm 4 ↗
Allison DorvalDirector2026-06-12D11,610783,579CommonForm 4 ↗
Adrian SenderowiczDirector2026-06-12D27,0007194,311CommonForm 4 ↗
Maximo NouguesChief Financial Officer2026-07-06D9,386877,557CommonForm 4 ↗
Alan H. AuerbachDirector2026-07-06D44,0588364,051CommonForm 4 ↗
Douglas HuntSee Remarks2026-07-06D8,460869,905CommonForm 4 ↗
Alessandra CesanoDirector2026-09-14D50,00000Derivative, Class A CommonForm 4 ↗
Alessandra CesanoDirector2026-09-14D62,1509566,994CommonForm 4 ↗
Alessandra CesanoDirector2026-09-14A50,0003146,500CommonForm 4 ↗
Troy Edward WilsonDirector2026-09-14D5,000945,500CommonForm 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 (60 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, Alan Auerbach. DEF 14A, filed 2026-04-28. Section “Summary Compensation Table” · page 26. As printed: 3,062,337. View filing ↗
  • Section 01, Jeff Ludwig. DEF 14A, filed 2026-04-28. Section “Summary Compensation Table” · page 26. As printed: 1,476,167. View filing ↗
  • Section 01, Maximo Nougues. DEF 14A, filed 2026-04-28. Section “Summary Compensation Table” · page 26. As printed: 1,241,215. View filing ↗
  • Section 01, Douglas Hunt. DEF 14A, filed 2026-04-28. Section “Summary Compensation Table” · page 26. As printed: 1,061,400. View filing ↗
  • Section 03, Alan Auerbach RSU. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeff Ludwig RSU. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Maximo Nougues RSU. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Douglas Hunt . DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeff Ludwig OPTION. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Maximo Nougues OPTION. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Douglas Hunt OPTION. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Alan Auerbach OPTION. DEF 14A, filed 2026-04-28. Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-28. Section “CEO Pay Ratio”. As printed: 11 : 1. View filing ↗
  • Section 08, Jay M. Moyes. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 173,080. View filing ↗
  • Section 08, Troy E. Wilson, Ph.D., J.D. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 173,080. View filing ↗
  • Section 08, Brian Stuglik, R.Ph. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 168,080. View filing ↗
  • Section 08, Adrian M. Senderowicz, M.D. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 165,580. View filing ↗
  • Section 08, Michael P. Miller. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 158,080. View filing ↗
  • Section 08, Allison Dorval. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 155,580. View filing ↗
  • Section 08, Alessandra Cesano, M.D., Ph.D. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 153,080. View filing ↗
  • Section 08, Alan H. Auerbach. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Allison Dorval 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jay M. Moyes 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Adrian Senderowicz 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian M. Stuglik 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael P. Miller 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alessandra Cesano 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Troy Edward Wilson 2026-06-11. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jay M. Moyes 2026-06-12. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Brian M. Stuglik 2026-06-12. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Troy Edward Wilson 2026-06-12. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Allison Dorval 2026-06-12. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Adrian Senderowicz 2026-06-12. Form 4, filed 2026-06-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Maximo Nougues 2026-07-06. Form 4, filed 2026-07-08. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alan H. Auerbach 2026-07-06. Form 4, filed 2026-07-08. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Douglas Hunt 2026-07-06. Form 4, filed 2026-07-08. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alessandra Cesano 2026-09-14. Form 4, filed 2026-09-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alessandra Cesano 2026-09-14. Form 4, filed 2026-09-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alessandra Cesano 2026-09-14. Form 4, filed 2026-09-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Troy Edward Wilson 2026-09-14. Form 4, filed 2026-09-16. Insider equity transaction reported since the proxy statement. 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 477,500 + equity 669,060 + all other 0 = 1,146,560, summed across the director compensation table rows.
  • Organogenesis Holdings, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Organogenesis Holdings's own proxy. As printed: 6,811,754. View filing ↗
  • Nektar Therapeutics, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Nektar Therapeutics's own proxy. As printed: 6,256,954. View filing ↗
  • Akebia Therapeutics, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Akebia Therapeutics's own proxy. As printed: 5,652,339. View filing ↗
  • Rigel Pharmaceuticals, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Rigel Pharmaceuticals's own proxy. As printed: 4,658,805. View filing ↗
  • Esperion Therapeutics, Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Esperion Therapeutics's own proxy. As printed: 3,535,512. View filing ↗
  • Heron Therapeutics, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Heron Therapeutics's own proxy. As printed: 3,516,291. View filing ↗
  • Aclaris Therapeutics, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Aclaris Therapeutics's own proxy. As printed: 3,375,591. View filing ↗
  • Puma Biotechnology, Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Puma Biotechnology, Inc's own proxy. As printed: 3,062,337. View filing ↗
  • Coherus BioSciences, Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Coherus BioSciences's own proxy. As printed: 2,736,874. View filing ↗
  • Karyopharm Therapeutics, Section 10b CEO total. DEF 14A, filed 2026-04-13. CEO total compensation as printed in Karyopharm Therapeutics's own proxy. As printed: 2,320,902. 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 ↗
  • Assertio Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Assertio Holdings, Inc.'s own proxy. As printed: 1,449,996. View filing ↗
  • Agenus Inc., 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 ↗
  • Section 10a, Akebia Therapeutics reciprocity. DEF 14A. Akebia Therapeutics names Puma Biotechnology, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Esperion Therapeutics reciprocity. DEF 14A. Esperion Therapeutics names Puma Biotechnology, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Rigel Pharmaceuticals reciprocity. DEF 14A. Rigel Pharmaceuticals names Puma Biotechnology, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Coherus BioSciences reciprocity. DEF 14A. Coherus BioSciences names Puma Biotechnology, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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