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Companies Nuvation Bio Inc.

Nuvation Bio (NUVB): executive pay, fiscal 2025

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CEO total pay$3,876,736CEO David Hung · source
Say-on-pay support97.89%Latest vote · source

CEO pay, last three years

  • $4,324,280FY2023
  • $3,717,354FY2024
  • $3,876,736FY2025

CEO total pay was $3,876,736 in fiscal 2025, up from $3,717,354 in fiscal 2024.

FY2025: salary $650,016 · bonus $0 · stock awards $0 · option awards $2,674,636

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Nuvation Bio Inc. in fiscal 2025?
As disclosed, David Hung (President and Chief Executive Officer) was the highest-paid executive at Nuvation Bio Inc. in fiscal 2025, with total compensation of $3,876,736.
How did shareholders vote on Nuvation Bio Inc.'s executive compensation?
As disclosed, 97.89% of shareholders supported Nuvation Bio Inc.'s executive compensation in the latest say-on-pay vote.
How much does Nuvation Bio Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Nuvation Bio Inc. reported total board compensation of $307,750 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
David Hung$650,016$0$0$2,674,636$536,250$0$15,834$3,876,736
President and Chief Executive Officer
Philippe Sauvage510,000—0668,659252,450047,5681,478,677
Chief Financial Officer
Gary Hattersley515,072668,6590254,92535,806001,472,462
Chief Scientific 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
David Hung$3,876,736$3,717,354$4,324,280↑ +159,382
Philippe Sauvage1,478,6771,190,956—↑ +287,721
Gary Hattersley1,472,4621,406,7501,359,293↑ +65,712

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's compensation program is designed to attract and retain talented executives, reward performance, and align executive interests with stockholders through equity incentives.

CEO STI target (% of salary)75%
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
Colleen SjogrenOPTION2025-02-28——88—$448,182
David HungOPTION2025-02-28——88—2,000,000
Gary HattersleyOPTION2025-02-28——88—448,182

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Colleen Sjogren$0$0$448,1820.0%
David Hung002,000,0000.0%
Gary Hattersley00448,1820.0%

% 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
Gary HattersleyOption20,8345.06—
Gary HattersleyOption66,6672.93—
David HungOption83,3345.06—
David HungOption134,85612.66—
Gary HattersleyOption145,8341.94—
Gary HattersleyOption270,8341.87—
Philippe SauvageOption500,0001.97—
Gary HattersleyOption500,0001.97—
Philippe SauvageOption531,2502.17—
David HungOption729,1671.94—
David HungOption1,086,3341.87—
David HungOption2,000,0001.97—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Robert B. Bazemore JrIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair)$98,000$0$385,000—$0$483,000
W. Anthony VernonIndependent · Compensation (Chair) · Nominating and Corporate Governance61,0000385,000—0446,000
Kathryn E. FalbergIndependent · Audit (Chair)60,0000385,000—0445,000
Kim BlickenstaffIndependent · Audit · Compensation51,2500385,000—0436,250
Robert Mashal, M.DIndependent · Nominating and Corporate Governance37,5000385,000—0422,500
David Hung, M.DEmployee director—————0
Min Cui, Ph.DIndependent · Compensation · Newly elected000—00

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$385,000
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

ComponentFY2025
Cash retainers and fees$307,750
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$307,750

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

Peer group, and who names Nuvation Bio as a peer

Companies that benchmark against NUVB

2 companies name NUVB as a compensation peer

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

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
1Nuvation Bio Inc.2025David Hung$650,016$0$2,674,636$536,250$3,876,736

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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-21230,050,6444,950,024328,69497.89%Passed
20252025-05-21214,903,0331,601,869143,82199.26%Passed
20242024-09-03208,479,5051,832,719568,55599.13%Passed
20232023-05-15153,714,32938,025,1249,88780.17%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
20262026-05-2197.89%a
20252025-05-2199.26%b
20242024-09-0399.13%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of 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
Kerry WentworthChief Regulatory Officer2026-04-17A36,750$3$107,678CommonForm 4 ↗
Dongfang LiuChief Medical Officer2026-04-17D50,00000Derivative, Class A CommonForm 4 ↗
Dongfang LiuChief Medical Officer2026-04-17D50,0005251,000CommonForm 4 ↗
Dongfang LiuChief Medical Officer2026-04-17A50,000297,000CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-04-17D36,7505184,279CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-04-17D36,75000Derivative, Class A CommonForm 4 ↗
Xiangmin CuiDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Robert B. Bazemore JrDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Kim BlickenstaffDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Kathryn E. FalbergDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Robert MashalDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
W. Anthony VernonDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Robert MashalDirector2026-06-09A25,0005118,250CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-06-23D47,66800Derivative, Class A CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-06-23D47,6686286,370CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-06-23A47,6682103,440CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-06-23D63,0006379,191CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-06-23A63,0003184,590CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23D34,62000Derivative, Class A CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23D90,38000Derivative, Class A CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23D125,0006753,188CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23A34,620260,239CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23A90,3802169,011CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-06-23D63,00000Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-07-15—1——1 insider, 1 accrual row
Philippe SauvageChief Financial Officer2026-07-15A39,999286,798CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-07-15D39,99900Derivative, Class A CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-07-15A122CommonForm 4 ↗
Gary HattersleyChief Scientific Officer2026-08-19D100,00000Derivative, Class A CommonForm 4 ↗
Gary HattersleyChief Scientific Officer2026-08-19D100,0007709,240CommonForm 4 ↗
Gary HattersleyChief Scientific Officer2026-08-19A100,0002187,000CommonForm 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.

View all 31 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Kerry WentworthChief Regulatory Officer2026-04-17A36,750$3$107,678CommonForm 4 ↗
Dongfang LiuChief Medical Officer2026-04-17D50,00000Derivative, Class A CommonForm 4 ↗
Dongfang LiuChief Medical Officer2026-04-17D50,0005251,000CommonForm 4 ↗
Dongfang LiuChief Medical Officer2026-04-17A50,000297,000CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-04-17D36,7505184,279CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-04-17D36,75000Derivative, Class A CommonForm 4 ↗
Xiangmin CuiDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Robert B. Bazemore JrDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Kim BlickenstaffDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Kathryn E. FalbergDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Robert MashalDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
W. Anthony VernonDirector2026-05-21A123,39700Derivative, Class A CommonForm 4 ↗
Robert MashalDirector2026-06-09A25,0005118,250CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-06-23D47,66800Derivative, Class A CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-06-23D47,6686286,370CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-06-23A47,6682103,440CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-06-23D63,0006379,191CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-06-23A63,0003184,590CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23D34,62000Derivative, Class A CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23D90,38000Derivative, Class A CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23D125,0006753,188CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23A34,620260,239CommonForm 4 ↗
Stacy MarkelChief People Officer2026-06-23A90,3802169,011CommonForm 4 ↗
Kerry WentworthChief Regulatory Officer2026-06-23D63,00000Derivative, Class A CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-07-15D100Derivative, Class A CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-07-15A39,999286,798CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-07-15D39,99900Derivative, Class A CommonForm 4 ↗
Philippe SauvageChief Financial Officer2026-07-15A122CommonForm 4 ↗
Gary HattersleyChief Scientific Officer2026-08-19D100,00000Derivative, Class A CommonForm 4 ↗
Gary HattersleyChief Scientific Officer2026-08-19D100,0007709,240CommonForm 4 ↗
Gary HattersleyChief Scientific Officer2026-08-19A100,0002187,000CommonForm 4 ↗
Sources (52 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, David Hung. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · page 25. As printed: 3,876,736. View filing ↗
  • Section 01, Philippe Sauvage. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 1,478,677. View filing ↗
  • Section 01, Gary Hattersley. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 1,472,462. View filing ↗
  • Section 03, Colleen Sjogren OPTION. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, David Hung OPTION. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Gary Hattersley OPTION. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. 10-K, filed 2026-03-02. Section “CEO Pay Ratio”. As printed: —. View filing ↗
  • Section 08, Robert B. Bazemore Jr. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 483,000. View filing ↗
  • Section 08, W. Anthony Vernon. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 446,000. View filing ↗
  • Section 08, Kathryn E. Falberg. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 445,000. View filing ↗
  • Section 08, Kim Blickenstaff. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 436,250. View filing ↗
  • Section 08, Robert Mashal, M.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 422,500. View filing ↗
  • Section 08, David Hung, M.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Min Cui, Ph.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Kerry Wentworth 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dongfang Liu 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dongfang Liu 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dongfang Liu 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kerry Wentworth 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kerry Wentworth 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Xiangmin Cui 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert B. Bazemore Jr 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kim Blickenstaff 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kathryn E. Falberg 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Mashal 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, W. Anthony Vernon 2026-05-21. Form 4, filed 2026-05-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Mashal 2026-06-09. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kerry Wentworth 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kerry Wentworth 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stacy Markel 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stacy Markel 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stacy Markel 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stacy Markel 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stacy Markel 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kerry Wentworth 2026-06-23. Form 4, filed 2026-06-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-07-15. Form 4, filed 2026-07-17. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-07-15. Form 4, filed 2026-07-17. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-07-15. Form 4, filed 2026-07-17. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Philippe Sauvage 2026-07-15. Form 4, filed 2026-07-17. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gary Hattersley 2026-08-19. Form 4, filed 2026-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gary Hattersley 2026-08-19. Form 4, filed 2026-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gary Hattersley 2026-08-19. Form 4, filed 2026-08-21. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-27. Item 5.07 · say-on-pay result. As reported: 97.89% (votes for as printed: 230,050,644). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-23. Item 5.07 · say-on-pay result. As reported: 99.26% (votes for as printed: 214,903,033). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-09-05. Item 5.07 · say-on-pay result. As reported: 99.13% (votes for as printed: 208,479,505). 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 307,750 + equity 0 + all other 0 = 307,750, summed across the director compensation table rows.
  • Nuvation Bio Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Nuvation Bio Inc.'s own proxy. As printed: 3,876,736. View filing ↗
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