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Companies Royalty Pharma plc

Royalty Pharma (RPRX): executive pay, fiscal 2025

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CEO total pay$937,500CEO Pablo Legorreta · source
Say-on-pay support97.73%Latest vote · source
CEO vs. named peers1st pct.Of 36 peer CEOs
CEO pay ratio4:1To the median employee · source

CEO pay, last three years

  • $937,500FY2025

CEO total pay was $937,500 in fiscal 2025; the brief holds no earlier figure for this CEO.

FY2025: salary $937,500 · bonus $0 · stock awards $0 · option awards $0

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Executives and directors

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Marshall Urist$1,323,000$0$0$0$0$0$0$1,323,000
Executive Vice President, Research & Investments
George Lloyd1,323,0000000001,323,000
Senior Advisor; former Executive Vice President, Chief Legal Officer & Investments
Terrance Coyne1,323,0000000001,323,000
Executive Vice President & Chief Financial Officer
Christopher Hite1,323,0000000001,323,000
Executive Vice President & Vice Chairman
Pablo Legorreta937,500000000937,500
Chairman and Chief Executive 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
Marshall Urist$1,323,000$1,260,000$4,560,000↑ +63,000
George Lloyd1,323,0001,260,0004,560,000↑ +63,000
Terrance Coyne1,323,0001,260,0004,560,000↑ +63,000
Christopher Hite1,323,0001,260,0004,560,000↑ +63,000
Pablo Legorreta937,500———

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

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policy—
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher HiteRSU1,108,137—$42,818,414
Marshall UristRSU1,212,135—46,836,896
Terrance CoyneRSU1,610,300—62,221,992
George LloydRSU1,731,485—66,904,580
Pablo LegorretaRSU11,798,458—455,892,417
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Vlad Coric, M.DIndependent · Management Development and Compensation Committee · Newly elected$109,615$352,384———$462,000
Gregory NordenIndependent · Audit (Chair) · Nominating and Corporate Governance Committee · Newly elected150,000249,891———399,981
Ted Love, M.DIndependent · Lead Independent Director · Nominating and Corporate Governance Committee (Chair)150,000249,891———399,981
Errol De Souza, Ph.DIndependent · Not standing for re-election · Departed during FY150,000249,891———399,981
Catherine EngelbertIndependent · Audit150,000249,891———399,981
David HodgsonIndependent · Audit · Management Development and Compensation Committee (Chair) · Newly elected150,000249,891———399,981
Bonnie Bassler, Ph.DIndependent · Management Development and Compensation Committee150,000249,891———399,981
Carole Ho, M.DIndependent · Nominating and Corporate Governance Committee · Newly elected68,071314,934———383,005
Elizabeth WeathermanIndependent · MDCC · Newly elected68,071314,934———383,005
Henry FernandezIndependent · Not standing for re-election · Departed during FY92,935249,891———342,826

Board fee structure and ownership guideline

Annual cash retainer$150,000
Annual equity retainer$250,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,238,692
Equity awards (grant-date value)$2,731,489
All other compensation$0
Total cost of the board$3,970,181

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

Peer group, and who names Royalty Pharma as a peer

Companies that benchmark against RPRX

No companies currently name RPRX as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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

Of the companies Royalty Pharma plc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Royalty Pharma plc.

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
1Blackstone2025Stephen Schwarzman$350,000$0$0$0$125,641,824
2KKR2025Joseph Bae300,00000084,270,205
3Ares2025Michael Arougheti049,520,0000068,279,532
4Johnson & Johnson2025Joaquin Duato1,600,00015,028,9485,927,9954,298,70032,758,111
5AbbVie2025Robert Michael1,700,00013,268,4563,199,1545,200,00032,530,984
6Incyte2025William Meury647,26027,509,6572,573,9981,300,00032,085,952
7TPG2025Jon Winkelried500,00013,607,7770029,897,761
8Gilead2025Daniel O'Day1,795,19215,238,4024,500,0604,848,12028,437,198
9Pfizer2025Albert Bourla1,800,0009,442,7058,998,1415,400,00027,585,301
10Amgen2025Robert Bradway1,925,40912,599,5895,399,9963,907,00024,693,120
11Biogen2025Christopher Viehbacher1,727,88518,368,87503,190,87523,646,004
12BioMarin2025Alexander Hardy1,130,76916,833,6291,909,3101,644,50021,927,563
13Bristol-Myers Squibb2025Christopher Boerner1,586,34616,061,39903,754,68421,879,919
14Vertex Pharmaceuticals2025Reshma Kewalramani1,600,00015,002,27004,118,64021,144,261
15Merck & Co.2025Robert Davis1,645,30212,102,8383,380,0042,326,50020,797,845
16Regeneron2025Leonard Schleifer1,979,922——3,682,6557,280,549
17Carlyle2025Harvey Schwartz1,000,000——6,000,0007,149,859
18Royalty Pharma plc2025Pablo Legorreta937,500000937,500
19Apollo2025Marc Rowan100,000000913,367

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
Royalty Pharma plcnot disclosednot disclosednot disclosednot disclosed
AbbVienot disclosedPSU 40 · PRSU 40 · Option 20Yes — Relative TSRSemler Brossy
Amgen136.0%PSU 50 · Options 30 · RSU 20Yes — relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
Apollo94%RSU 100not disclosedSemler Brossy Consulting Group, LLC
Aresnot disclosedRSU 100not disclosedKorn Ferry
Biogen127%PSU 60 · RSU 40YesPay Governance
BioMarin130%PSU 66 · RSU 21 · Options 13Yes — Relative TSRAon Human Capital Solutions
Blackstonenot disclosednot disclosednot disclosednot disclosed
Bristol-Myers Squibb157.66%PSU 60 · MSU 40Yes — 3-Year Relative TSR CAGRFarient Advisors LLC
Carlyle200%not disclosedNoPay Governance
Gilead180%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFW Cook
Incyte138.6%Performance Shares 60 · RSU 40Yes — relative total shareholder return (TSR)Aon
Johnson & Johnsonnot disclosednot disclosedYes — Relative TSRSemler Brossy Consulting Group
KKRnot disclosednot disclosednot disclosednot disclosed
Merck & Co.94%PSU 60 · RSU 20 · Options 20Yes — Relative Total Shareholder Return (R-TSR)FW Cook
Pfizer150%PSU 50 · MSU 50Yes — relative TSR as compared to the NYSE Arca Pharmaceutical Index (DRG Index or DRG)Meridian Compensation Partners, LLC
Regeneron155%Options 60 · RSU 40not disclosedPay Governance LLC
TPGnot disclosednot disclosedNoSemler Brossy
Vertex Pharmaceuticalsnot disclosedPSU 55 · RSU 45NoPearl 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
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-04476,044,60211,067,486747,08697.73%Passed
20252025-05-12403,157,46536,842,162750,55791.63%Passed
20242024-06-06448,091,22537,716,521218,81992.24%Passed
20232023-06-22483,910,45828,152,706233,76594.5%Passed
20222022-06-23480,577,83921,850,442140,00195.65%Passed
20212021-06-24455,808,35947,703,0181,558,68990.53%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
20262026-06-0497.73%a
20252025-05-1291.63%b
20242024-06-0692.24%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.

CEO pay ratio

Ratio (CEO : median employee)4 : 1
CEO total compensation$937,500
Median employee compensation$349,893
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (53 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, Marshall Urist. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 59. As printed: 1,323,000. View filing ↗
  • Section 01, George Lloyd. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 59. As printed: 1,323,000. View filing ↗
  • Section 01, Terrance Coyne. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 59. As printed: 1,323,000. View filing ↗
  • Section 01, Christopher Hite. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 59. As printed: 1,323,000. View filing ↗
  • Section 01, Pablo Legorreta. DEF 14A, filed 2026-04-10. Section “Summary Compensation Table” · page 59. As printed: 937,500. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-10. Section “CEO Pay Ratio”. As printed: 4 : 1. View filing ↗
  • Section 08, Vlad Coric, M.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 462,000. View filing ↗
  • Section 08, Gregory Norden. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 399,981. View filing ↗
  • Section 08, Ted Love, M.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 399,981. View filing ↗
  • Section 08, Errol De Souza, Ph.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 399,981. View filing ↗
  • Section 08, Catherine Engelbert. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 399,981. View filing ↗
  • Section 08, David Hodgson. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 399,981. View filing ↗
  • Section 08, Bonnie Bassler, Ph.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 399,981. View filing ↗
  • Section 08, Carole Ho, M.D. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 383,005. View filing ↗
  • Section 08, Elizabeth Weatherman. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 383,005. View filing ↗
  • Section 08, Henry Fernandez. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 342,826. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-04. Item 5.07 · say-on-pay result. As reported: 97.73% (votes for as printed: 476,044,602). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-12. Item 5.07 · say-on-pay result. As reported: 91.63% (votes for as printed: 403,157,465). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-06. Item 5.07 · say-on-pay result. As reported: 92.24% (votes for as printed: 448,091,225). 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 1,238,692 + equity 2,731,489 + all other 0 = 3,970,181, summed across the director compensation table rows.
  • Blackstone, Section 10b CEO total. 10-K, filed 2026-02-27. CEO total compensation as printed in Blackstone's own proxy. As printed: 125,641,824. View filing ↗
  • KKR, Section 10b CEO total. 10-K, filed 2026-02-27. CEO total compensation as printed in KKR's own proxy. As printed: 84,270,205. View filing ↗
  • Ares, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Ares's own proxy. As printed: 68,279,532. View filing ↗
  • Johnson & Johnson, Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Johnson & Johnson's own proxy. As printed: 32,758,111. View filing ↗
  • AbbVie, Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in AbbVie's own proxy. As printed: 32,530,984. View filing ↗
  • Incyte, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Incyte's own proxy. As printed: 32,085,952. View filing ↗
  • TPG, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in TPG's own proxy. As printed: 29,897,761. View filing ↗
  • Gilead, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Gilead's own proxy. As printed: 28,437,198. View filing ↗
  • Pfizer, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Pfizer's own proxy. As printed: 27,585,301. View filing ↗
  • Amgen, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Amgen's own proxy. As printed: 24,693,120. View filing ↗
  • Biogen, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Biogen's own proxy. As printed: 23,646,004. View filing ↗
  • BioMarin, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in BioMarin's own proxy. As printed: 21,927,563. View filing ↗
  • Bristol-Myers Squibb, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Bristol-Myers Squibb's own proxy. As printed: 21,879,919. View filing ↗
  • Vertex Pharmaceuticals, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Vertex Pharmaceuticals's own proxy. As printed: 21,144,261. View filing ↗
  • Merck & Co., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Merck & Co.'s own proxy. As printed: 20,797,845. View filing ↗
  • Regeneron, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Regeneron's own proxy. As printed: 7,280,549. View filing ↗
  • Carlyle, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Carlyle's own proxy. As printed: 7,149,859. View filing ↗
  • Royalty Pharma plc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Royalty Pharma plc's own proxy. As printed: 937,500. View filing ↗
  • Apollo, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Apollo's own proxy. As printed: 913,367. View filing ↗
  • Section 10a, Vertex Pharmaceuticals reciprocity. DEF 14A. Vertex Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Merck & Co. reciprocity. DEF 14A. Merck & Co.'s most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, BioMarin reciprocity. DEF 14A. BioMarin's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Gilead reciprocity. DEF 14A. Gilead's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, AbbVie reciprocity. DEF 14A. AbbVie's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Amgen reciprocity. DEF 14A. Amgen's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Bristol-Myers Squibb reciprocity. DEF 14A. Bristol-Myers Squibb's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Ares reciprocity. DEF 14A. Ares's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Apollo reciprocity. DEF 14A. Apollo's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Pfizer reciprocity. DEF 14A. Pfizer's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Regeneron reciprocity. DEF 14A. Regeneron's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Johnson & Johnson reciprocity. DEF 14A. Johnson & Johnson's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
  • Section 10a, Carlyle reciprocity. DEF 14A. Carlyle's most recent proxy was read; its disclosed peer group does not include Royalty Pharma plc. View filing ↗
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