Companies Annexon, Inc.
Annexon (ANNX): executive pay, fiscal 2025
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CEO pay, last three years
- $2,453,184FY2023
- $3,672,746FY2024
- $3,579,202FY2025
CEO total pay was $3,579,202 in fiscal 2025, down from $3,672,746 in fiscal 2024.
FY2025: salary $670,833 · bonus $0 · stock awards $0 · option awards $2,522,260
Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Douglas Love | $670,833 | $0 | $0 | $2,522,260 | $371,250 | $0 | $14,858 | $3,579,202 |
| President & Chief Executive Officer | ||||||||
| Ted Yednock | 497,583 | 0 | 112,408 | 528,850 | 200,300 | 0 | 39,911 | 1,379,052 |
| Executive Vice President and Chief Innovation Officer | ||||||||
| Jennifer Lew | 495,817 | 0 | 112,408 | 528,850 | 200,200 | 0 | 4,000 | 1,341,274 |
| Executive Vice President and 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Douglas Love | $3,579,202 | $3,672,746 | $2,453,184 | ↓ −93,544 |
| Ted Yednock | 1,379,052 | 1,563,793 | 1,139,456 | ↓ −184,741 |
| Jennifer Lew | 1,341,274 | — | — | — |
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 company states that executive compensation is structured to support company and business objectives, as well as company culture. The Compensation Committee and Board regularly review the program to ensure fulfillment of compensation philosophy and goals.
| CEO STI target (% of salary) | NaN% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Alpine Rewards |
| Clawback policy | The Board adopted a written compensation recovery policy in November 2023 in accordance with the Dodd-Frank Act and Nasdaq Listing Rules. Additionally, the CEO and CFO may be legally required to reimburse the Company for incentive-based compensation if financial results are restated due to material noncompliance with financial reporting requirements resulting from misconduct (Sarbanes-Oxley Section 304). |
| Anti-hedging | Directors, officers, employees, and consultants are prohibited from purchasing financial instruments such as zero-cost collars and forward sale contracts, or otherwise engaging in transactions that hedge, or are designed to hedge, any decrease in the market value of the Company's equity securities. |
| Anti-pledging | No director, officer, employee, or consultant may pledge company securities as collateral to secure loans, including holding company securities in a 'margin' account. |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Ted Yednock | Option | 4,167 | 6.94 | — |
| Jennifer Lew | Option | 4,167 | 6.94 | — |
| Ted Yednock | RSU | 6,325 | — | 31,752 |
| Jennifer Lew | RSU | 6,325 | — | 31,752 |
| Douglas Love | Option | 13,134 | 6.94 | — |
| Ted Yednock | Option | 22,473 | 5.94 | — |
| Jennifer Lew | Option | 22,473 | 5.94 | — |
| Ted Yednock | RSU | 26,000 | — | 130,520 |
| Jennifer Lew | RSU | 26,000 | — | 130,520 |
| Ted Yednock | RSU | 44,963 | — | 225,714 |
| Jennifer Lew | RSU | 44,963 | — | 225,714 |
| Ted Yednock | Option | 86,667 | 5.13 | — |
| Jennifer Lew | Option | 86,667 | 5.13 | — |
| Douglas Love | Option | 100,625 | 5.94 | — |
| Ted Yednock | Option | 215,789 | 2.5 | — |
| Jennifer Lew | Option | 215,789 | 2.5 | — |
| Douglas Love | Option | 355,442 | 5.13 | — |
| Douglas Love | Option | 1,029,167 | 2.5 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| William (BJ) Jones JrIndependent · Nominating and Corporate Governance · Science and Technology | $43,500 | $0 | $432,489 | — | $0 | $475,989 |
| Thomas G. WiggansIndependent · Nominating and Corporate Governance · Compensation · Not standing for re-election · Departed during FY | 86,000 | 0 | 106,215 | — | 0 | 192,215 |
| William D. WaddillIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance | 65,000 | 0 | 106,215 | — | 0 | 171,215 |
| Muneer A. SatterIndependent · Nominating and Corporate Governance (Chair) · Audit | 60,000 | 0 | 106,215 | — | 0 | 166,215 |
| Jung E. ChoiIndependent · Science and Technology · Compensation (Chair) | 58,000 | 0 | 106,215 | — | 0 | 164,215 |
| Bettina M. Cockroft, M.DIndependent · Science and Technology · Audit | 56,000 | 0 | 106,215 | — | 0 | 162,215 |
| Douglas Love, EsqEmployee director | — | — | — | — | — | 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 / 12,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $368,500 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $368,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Annexon as a peer
Companies that benchmark against ANNX
7 companies name ANNX as a compensation peer
- Astria Therapeutics, Inc.ATXSFY2024
- Cartesian Therapeutics, Inc.RNACFY2025
- Dianthus Therapeutics, Inc. /DE/DNTHFY2025
- Gossamer Bio, Inc.GOSSFY2025
- Kodiak Sciences Inc.KODFY2025
- Olema Pharmaceuticals, Inc.OLMAFY2025
- Opus Genetics, Inc.IRDFY2025
- Stoke Therapeutics, Inc.STOKFY2025
Each company listed discloses ANNX 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 ANNX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Annexon, Inc. | 2025 | Douglas Love | $670,833 | $0 | $2,522,260 | $371,250 | $3,579,202 |
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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-11 | 122,347,513 | 1,986,387 | 68,794 | 98.4% | Passed |
| 2025 | 2025-06-05 | 79,754,521 | 3,796,829 | 3,296,805 | 95.46% | Passed |
| 2024 | 2024-06-05 | 77,548,918 | 1,895,328 | 72,250 | 97.61% | Passed |
| 2023 | 2023-06-08 | 43,673,999 | 101,166 | 44,125 | 99.77% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-11 | 98.4%a |
| 2025 | 2025-06-05 | 95.46%b |
| 2024 | 2024-06-05 | 97.61%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
No insider equity transactions reported since the proxy statement.
Sources (16 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, Douglas Love. DEF 14A, filed 2026-04-27. Section “Executive Compensation”. As printed: 3,579,202. View filing ↗
- Section 01, Ted Yednock. DEF 14A, filed 2026-04-27. Section “Executive Compensation”. As printed: 1,379,052. View filing ↗
- Section 01, Jennifer Lew. DEF 14A, filed 2026-04-27. Section “Executive Compensation”. As printed: 1,341,274. View filing ↗
- Section 08, William (BJ) Jones Jr. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 475,989. View filing ↗
- Section 08, Thomas G. Wiggans. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 192,215. View filing ↗
- Section 08, William D. Waddill. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 171,215. View filing ↗
- Section 08, Muneer A. Satter. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 166,215. View filing ↗
- Section 08, Jung E. Choi. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 164,215. View filing ↗
- Section 08, Bettina M. Cockroft, M.D. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 162,215. View filing ↗
- Section 08, Douglas Love, Esq. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-12. Item 5.07 · say-on-pay result. As reported: 98.4% (votes for as printed: 122,347,513). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-09. Item 5.07 · say-on-pay result. As reported: 95.46% (votes for as printed: 79,754,521). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-12. Item 5.07 · say-on-pay result. As reported: 97.61% (votes for as printed: 77,548,918). 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 368,500 + equity 0 + all other 0 = 368,500, summed across the director compensation table rows.
- Annexon, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Annexon, Inc.'s own proxy. As printed: 3,579,202. View filing ↗