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Companies Sutro Biopharma, Inc

Sutro Biopharma (STRO): executive pay, fiscal 2025

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CEO total pay$1,575,930CEO Jane Chung · source
Say-on-pay support99.8%Latest vote · source
CEO vs. named peers7th pct.Of 17 peer CEOs

CEO pay, last three years

  • $1,443,360FY2024
  • $1,575,930FY2025

CEO total pay was $1,575,930 in fiscal 2025, up from $1,443,360 in fiscal 2024.

FY2025: salary $652,000 · bonus $0 · stock awards $167,400 · option awards $245,280

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Sutro Biopharma, Inc in fiscal 2025?
As disclosed, William Newell (Former Chief Executive Officer) was the highest-paid executive at Sutro Biopharma, Inc in fiscal 2025, with total compensation of $1,671,311.
How does Sutro Biopharma, Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Jane Chung's total compensation ranked at the 7th percentile of Sutro Biopharma, Inc's disclosed peer group.
How did shareholders vote on Sutro Biopharma, Inc's executive compensation?
As disclosed, 99.8% of shareholders supported Sutro Biopharma, Inc's executive compensation in the latest say-on-pay vote.
How much does Sutro Biopharma, Inc spend in total on board compensation for fiscal 2025?
As disclosed, Sutro Biopharma, Inc reported total board compensation of $495,703 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
William Newell$239,693$0$0$0$0$0$1,431,618$1,671,311
Former Chief Executive Officer
Jane Chung652,0000167,400245,280465,750045,5001,575,930
Chief Executive Officer
Hans-Peter Gerber527,532061,425110,127243,81800942,902
Chief Scientific Officer
Gregory Chow277,08325,00088,000245,938218,50000854,522
Chief Financial 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
William Newell$1,671,311$2,332,343$2,129,979↓ −661,032
Jane Chung1,575,9301,443,360—↑ +132,570
Hans-Peter Gerber942,9021,153,9321,626,976↓ −211,030
Gregory Chow854,522———

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 2025 compensation strategy emphasizes pay for performance by using both performance-based annual cash incentives and long-term equity awards in the form of stock options and RSUs. Stock options are utilized because they only provide value if the stock price increases. RSUs are also used to retain talent, align with long-term value (both increases and reductions), and because RSUs are less dilutive than stock options.

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

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gregory ChowRSU—————$88,000
Jane ChungOption—————245,280
Jane ChungRSU—————167,400
Hans-Peter GerberOption—————110,127
Gregory ChowOption—————245,938
Hans-Peter GerberRSU—————61,425

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Gregory Chow$88,000$0$245,9380.0%
Jane Chung167,4000245,2800.0%
Hans-Peter Gerber61,4250110,1270.0%

% 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
Jane ChungOption12627.5—
Jane ChungOption26381.7—
Jane ChungRSU788—9,117
Hans-Peter GerberOption1,00310.38—
Jane ChungOption1,25345.4—
Jane ChungOption1,25457.9—
Jane ChungRSU1,376—15,920
Jane ChungOption1,56245.4—
Jane ChungOption1,62627.5—
Hans-Peter GerberRSU3,375—39,049
Hans-Peter GerberOption3,37545.4—
Jane ChungRSU5,000—57,850
Hans-Peter GerberOption6,92210.38—
Jane ChungRSU7,500—86,775
Hans-Peter GerberRSU7,500—86,775
Hans-Peter GerberOption7,65737.7—
Gregory ChowOption8,20010.38—
Hans-Peter GerberOption9,9545.4—
Gregory ChowRSU10,000—115,700
Hans-Peter GerberRSU11,375—131,609
Jane ChungOption20,2475.4—
Gregory ChowOption27,5008.8—
Jane ChungOption30,1285.4—
Jane ChungRSU31,000—358,670
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Connie MatsuiIndependent · Nominating/Governance$80,000$0$41,795—$0$121,795
Joseph M. LobackiIndependent · Audit · Compensation (Chair)67,000041,795—0108,795
Jon Wigginton, M.DIndependent · Science and Technology (Chair) · Compensation58,500041,795—0100,295
Sukhi JagpalIndependent · Audit (Chair)57,500041,795—099,295
Heidi HunterIndependent · Science and Technology · Audit57,500041,795—099,295
James PanekIndependent · Nominating/Governance (Chair) · Science and Technology55,000041,795—096,795
Daniel H. PetreeIndependent · Compensation · Nominating/Governance53,500041,795—095,295
Michael Dybbs, Ph.DIndependent · Science and Technology45,000041,795—086,795
John Freund, M.DIndependent · Departed during FY21,7030——021,703
Jane Chung, R.PhEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$41,795
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 17,000 / 10,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$495,703
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$495,703

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

Peer group, and who names Sutro Biopharma as a peer

Companies that benchmark against STRO

3 companies name STRO as a compensation peer

The list of companies that name STRO 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 Sutro Biopharma, 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
1Arcus Biosciences, Inc.2025Terry Rosen$775,000$2,199,450$6,008,860$658,750$9,656,813
2Zymeworks Inc.2025Kenneth Galbraith656,7632,538,2402,366,565340,9906,613,180
3Nurix Therapeutics, Inc.2025Arthur Sands674,58405,166,196510,0006,374,138
4Allogene Therapeutics, Inc.2025David Chang724,0002,409,5372,588,329400,0106,136,093
5Replimune Group, Inc.2026Sushil Patel700,0003,376,0031,448,325315,0005,845,982
6Kura Oncology, Inc.2025Troy Wilson700,00003,297,250630,0004,735,016
7Poseida Therapeutics, Inc.2023Mark Gergen611,6671,442,2851,413,936336,4203,818,018
8Gritstone Bio, Inc.2023Andrew Allen645,8332,429,8300355,2083,444,071
9G1 Therapeutics, Inc.2023John Bailey794,9761,392,022666,209387,5513,250,658
10IGM Biosciences, Inc.2023Fred Schwarzer646,797868,0501,336,743355,7383,207,328
11Gossamer Bio, Inc.2025Faheem Hasnain649,64901,392,006254,8002,300,455
12MacroGenics, Inc.2025Eric Risser561,56852,0001,049,386251,9002,078,854
13Alector, Inc.2025Arnon Rosenthal678,100422,876558,216325,4881,995,018
14Caribou Biosciences, Inc.2025Rachel Haurwitz667,534192,818654,54101,840,965
15Mersana Therapeutics, Inc.2024Michael Huber632,500133,635518,044322,5751,613,754
16Sutro Biopharma, Inc2025Jane Chung652,000167,400245,280465,7501,575,930
17Atara Biotherapeutics, Inc.2025AnhCo Nguyen668,8000001,068,069
—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
Sutro Biopharma, Inc115%Options 59 · RSU 41not disclosedFW Cook
Alector, Inc.80%not disclosednot disclosedPearl Meyer & Partners, LLC
Allogene Therapeutics, Inc.not disclosedOption 55 · RSU 25 · PSU 20not disclosedCompensia
Arcus Biosciences, Inc.100%Options 67 · RSU 33not disclosedRadford
Atara Biotherapeutics, Inc.not disclosedRSU 100not disclosedPearl Meyer
Caribou Biosciences, Inc.not disclosednot disclosednot disclosedAlpine Rewards, LLC
G1 Therapeutics, Inc.not disclosednot disclosednot disclosedRadford, Aon’s Human Capital Solutions Practice
Gossamer Bio, Inc.65%not disclosedNoAlpine Rewards
Gritstone Bio, Inc.not disclosedRSU 100not disclosedAon
IGM Biosciences, Inc.not disclosednot disclosednot disclosedAon
Kura Oncology, Inc.150%not disclosedNoAlpine Rewards
MacroGenics, Inc.85%not disclosednot disclosedAlpine Rewards, LLC
Mersana Therapeutics, Inc.not disclosedOption 75 · RSU 25not disclosedPearl Meyer & Partners, LLC
Nurix Therapeutics, Inc.not disclosedOption 60 · RSU 40not disclosedAon plc
Poseida Therapeutics, Inc.not disclosednot disclosednot disclosedAon Consulting, Inc.
Replimune Group, Inc.not disclosednot disclosedNoPearl Meyer
Sangamo Therapeutics, Inc.not disclosednot disclosednot disclosedAon
Zymeworks Inc.not disclosedOption 50 · RSU 50not disclosedAon plc (Talent Solutions practice)

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
20262026-06-0511,329,94622,4126,45299.8%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
20262026-06-0599.8%a

a. 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.

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
Gregory ChowCFO2026-06-02D2,500$0$0Derivative, Class A CommonForm 4 ↗
Gregory ChowCFO2026-06-02A2,50000CommonForm 4 ↗
Connie MatsuiDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Michael DybbsDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Heidi HunterDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Sukhi JagpalDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Joseph M. LobackiDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
James PanekDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Daniel H. PetreeDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Jon Marc WiggintonDirector2026-06-05A10,00000Derivative, Class A CommonForm 4 ↗
Hans-Peter GerberChief Scientific Officer2026-09-18D3,75000Derivative, Class A CommonForm 4 ↗
Hans-Peter GerberChief Scientific Officer2026-09-18D1,3451520,632CommonForm 4 ↗
Hans-Peter GerberChief Scientific Officer2026-09-18A3,75000CommonForm 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, William Newell. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table” · page 36. As printed: 1,671,311. View filing ↗
  • Section 01, Jane Chung. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table”. As printed: 1,575,930. View filing ↗
  • Section 01, Hans-Peter Gerber. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table”. As printed: 942,902. View filing ↗
  • Section 01, Gregory Chow. DEF 14A, filed 2026-04-22. Section “Summary Compensation Table”. As printed: 854,522. View filing ↗
  • Section 03, Gregory Chow RSU. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. View filing ↗
  • Section 03, Jane Chung Option. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. View filing ↗
  • Section 03, Jane Chung RSU. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. View filing ↗
  • Section 03, Hans-Peter Gerber Option. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Chow Option. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. View filing ↗
  • Section 03, Hans-Peter Gerber RSU. DEF 14A, filed 2026-04-22. Section “EXECUTIVE COMPENSATION TABLES” · 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, Connie Matsui. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 121,795. View filing ↗
  • Section 08, Joseph M. Lobacki. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 108,795. View filing ↗
  • Section 08, Jon Wigginton, M.D. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 100,295. View filing ↗
  • Section 08, Sukhi Jagpal. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 99,295. View filing ↗
  • Section 08, Heidi Hunter. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 99,295. View filing ↗
  • Section 08, James Panek. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 96,795. View filing ↗
  • Section 08, Daniel H. Petree. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 95,295. View filing ↗
  • Section 08, Michael Dybbs, Ph.D. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 86,795. View filing ↗
  • Section 08, John Freund, M.D. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 21,703. View filing ↗
  • Section 08, Jane Chung, R.Ph. DEF 14A, filed 2026-04-22. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Gregory Chow 2026-06-02. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory Chow 2026-06-02. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Connie Matsui 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Dybbs 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Heidi Hunter 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sukhi Jagpal 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Joseph M. Lobacki 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, James Panek 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Daniel H. Petree 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jon Marc Wigginton 2026-06-05. Form 4, filed 2026-06-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Hans-Peter Gerber 2026-09-18. Form 4, filed 2026-09-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Hans-Peter Gerber 2026-09-18. Form 4, filed 2026-09-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Hans-Peter Gerber 2026-09-18. Form 4, filed 2026-09-22. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-08. Item 5.07 · say-on-pay result. As reported: 99.8%. 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 495,703 + equity 0 + all other 0 = 495,703, summed across the director compensation table rows.
  • Arcus Biosciences, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Arcus Biosciences, Inc.'s own proxy. As printed: 9,656,813. View filing ↗
  • Zymeworks Inc., Section 10b CEO total. DEF 14A, filed 2026-10-26. CEO total compensation as printed in Zymeworks Inc.'s own proxy. As printed: 6,613,180. View filing ↗
  • Nurix Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Nurix Therapeutics, Inc.'s own proxy. As printed: 6,374,138. View filing ↗
  • Allogene Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Allogene Therapeutics, Inc.'s own proxy. As printed: 6,136,093. View filing ↗
  • Replimune Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-29. CEO total compensation as printed in Replimune Group, Inc.'s own proxy. As printed: 5,845,982. View filing ↗
  • Kura Oncology, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Kura Oncology, Inc.'s own proxy. As printed: 4,735,016. 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 ↗
  • Gritstone Bio, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-29. CEO total compensation as printed in Gritstone Bio, Inc.'s own proxy. As printed: 3,444,071. View filing ↗
  • G1 Therapeutics, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-25. CEO total compensation as printed in G1 Therapeutics, Inc.'s own proxy. As printed: 3,250,658. View filing ↗
  • IGM Biosciences, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-26. CEO total compensation as printed in IGM Biosciences, Inc.'s own proxy. As printed: 3,207,328. View filing ↗
  • Gossamer Bio, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Gossamer Bio, Inc.'s own proxy. As printed: 2,300,455. 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 ↗
  • Alector, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Alector, Inc.'s own proxy. As printed: 1,995,018. 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 ↗
  • 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 ↗
  • Sutro Biopharma, Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Sutro Biopharma, Inc's own proxy. As printed: 1,575,930. 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, Nurix Therapeutics, Inc. reciprocity. DEF 14A. Nurix Therapeutics, Inc. names Sutro Biopharma, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Zymeworks Inc. reciprocity. DEF 14A. Zymeworks Inc. names Sutro Biopharma, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Gritstone Bio, Inc. reciprocity. DEF 14A. Gritstone Bio, Inc. names Sutro Biopharma, Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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