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Companies Soleno Therapeutics Inc

Soleno Therapeutics (SLNO): executive pay, fiscal 2025

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CEO total pay$8,872,611CEO Anish Bhatnagar · source
CEO vs. named peers56th pct.Of 18 peer CEOs
CEO pay ratio14.9:1To the median employee · source

CEO pay, last three years

  • $4,116,434FY2023
  • $51,160,430FY2024
  • $8,872,611FY2025

CEO total pay was $8,872,611 in fiscal 2025, down from $51,160,430 in fiscal 2024.

FY2025: salary $739,000 · bonus $0 · stock awards $2,650,263 · option awards $4,991,608

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Soleno Therapeutics Inc in fiscal 2025?
As disclosed, Anish Bhatnagar (CEO and Chairman of the Board) was the highest-paid executive at Soleno Therapeutics Inc in fiscal 2025, with total compensation of $8,872,611.
How does Soleno Therapeutics Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Anish Bhatnagar's total compensation ranked at the 56th percentile of Soleno Therapeutics Inc's disclosed peer group.
What is Soleno Therapeutics Inc's CEO-to-median employee pay ratio?
As disclosed, Soleno Therapeutics Inc's CEO-to-median employee pay ratio was 14.9:1.
How much does Soleno Therapeutics Inc spend in total on board compensation for fiscal 2025?
As disclosed, Soleno Therapeutics Inc reported total board compensation of $2,425,443 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
Anish Bhatnagar$739,000$0$2,650,263$4,991,608$487,740$0$4,000$8,872,611
CEO and Chairman of the Board
Manher Joshi72,9170744,2482,904,41100—3,721,576
Chief Development Officer
Kevin Norrett59,2750675,0142,633,797001503,369,336
Chief Business Officer
James Mackaness511,0000712,9651,338,580218,70805,2002,786,453
Former Chief Financial Officer
Meredith Manning471,0000668,7121,260,856201,58804,0002,606,156
Chief Commercial 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
Anish Bhatnagar$8,872,611$51,160,430$4,116,434↓ −42,287,819
Manher Joshi3,721,576———
Kevin Norrett3,369,336———
James Mackaness2,786,4538,774,9551,211,636↓ −5,988,502
Meredith Manning2,606,1567,783,050—↓ −5,176,894

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 embraces a performance-oriented compensation philosophy focused on creating long-term value, heavily weighting variable, at-risk pay through short-term cash incentives and long-term equity awards to align executive interests with stockholder returns and drive the achievement of primary business goals.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantAon plc
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Anish BhatnagarOPTION2025-01-21——115,600—$4,991,608
Anish BhatnagarRSU2025-01-21——53,900—2,650,263
Manher JoshiOPTION2025-11-10——72,321—2,904,441
Manher JoshiRSU2025-11-10——16,071—744,248
James MackanessOPTION2025-01-21——31,000—1,338,580
James MackanessRSU2025-01-21——14,500—712,965
Meredith ManningOPTION2025-01-21——29,200—1,260,856
Meredith ManningRSU2025-01-21——13,600—668,712
Kevin NorrettOPTION2025-11-17——64,286—2,633,797
Kevin NorrettRSU2025-11-17——14,286—675,013

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Anish Bhatnagar$2,650,263$0$4,991,6080.0%
Manher Joshi744,24802,904,4410.0%
James Mackaness712,96501,338,5800.0%
Meredith Manning668,71201,260,8560.0%
Kevin Norrett675,01302,633,7970.0%

% 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
James MackanessOption2715.1—
Anish BhatnagarOption8485.1—
James MackanessOption8,1252.41—
James MackanessOption10,02136.7—
Meredith ManningRSU10,200—472,260
James MackanessRSU10,875—503,513
James MackanessOption12,1195.25—
Kevin NorrettRSU14,286—661,442
Manher JoshiRSU16,017—744,087
Meredith ManningPSU20,000—926,000
Meredith ManningOption22,50949.17—
James MackanessOption23,89649.17—
Anish BhatnagarOption27,08436.7—
Anish BhatnagarOption31,1462.41—
Anish BhatnagarRSU40,425—1,871,678
Kevin NorrettOption64,28647.25—
Meredith ManningOption66,66746.31—
Anish BhatnagarOption66,9185.25—
Manher JoshiOption72,32146.31—
Anish BhatnagarOption89,10949.17—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Mark HahnAudit · Compensation · Nominating and Corporate Governance · Partial-year service$11,957$645,656———$657,613
Matthew PaulsIndependent · Lead Independent Director · Compensation (Chair)90,136300,203———390,339
William G. HarrisAudit · Compensation · Nominating and Corporate Governance65,999300,203———366,202
Birgitte VolckAudit · Nominating and Corporate Governance · Compensation60,272300,203———360,475
Dawn BirIndependent · Compensation50,408300,203———350,611
Andrew SinclairIndependent · Compensation0300,203———300,203

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer$300,000
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$278,772
Equity awards (grant-date value)$2,146,671
All other compensation$0
Total cost of the board$2,425,443

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

Peer group, and who names Soleno Therapeutics as a peer

Companies that benchmark against SLNO

5 companies name SLNO as a compensation peer

Each company listed discloses SLNO 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 SLNO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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 Soleno Therapeutics 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
1Cogent Communications Holdings Inc.2025Dave Schaeffer$0$24,836,176$0$530,243$25,372,519
2Rhythm Pharmaceuticals Inc.2025David Meeker807,6928,274,7857,688,560759,48817,544,525
3SpringWorks Therapeutics Inc.2024Saqib Islam760,0007,899,7606,689,100798,00016,153,317
4Protagonist Therapeutics Inc.2025Dinesh Patel715,5005,839,2045,618,010686,88012,871,506
5Crinetics Pharmaceuticals Inc.2025R. Scott Struthers718,5003,280,5407,160,564462,35511,628,959
6Mirum Pharmaceuticals Inc.2025Christopher Peetz755,0003,683,9044,931,3201,057,00010,441,224
7Geron Corporation2025Harout Semerjian321,53809,695,400203,00010,221,755
8Arcus Biosciences Inc.2025Terry Rosen775,0002,199,4506,008,860658,7509,656,813
9Soleno Therapeutics Inc2025Anish Bhatnagar739,0002,650,2634,991,608487,7408,872,611
10Travere Therapeutics Inc.2025Eric Dube854,2503,314,5203,309,384964,1258,457,151
11Vir Biotechnology Inc.2025Marianne De Backer950,0002,296,8003,507,3601,002,7507,834,045
12Vera Therapeutics Inc.2025Marshall Fordyce660,0002,356,2853,415,725554,4006,986,410
13Viridian Therapeutics Inc.2025Stephen Mahoney700,0001,058,0984,381,713630,0006,776,249
14Pliant Therapeutics Inc.2025Bernard Coulie682,0001,810,2502,713,750204,6005,462,901
15Agios Pharmaceuticals Inc.2025Brian Goff846,8641,291,6802,627,252592,8045,370,389
16KalVista Pharmaceuticals Inc.2025Benjamin Palleiko688,2723,731,160005,094,999
17Regenxbio Inc.2025Curran Simpson665,510777,4482,350,302387,3274,200,712
18Alector Inc.2025Arnon Rosenthal678,100422,876558,216325,4881,995,018
19Iovance Biotherapeutics Inc.2025Frederick Vogt800,000759,3750312,0001,888,175

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
Soleno Therapeutics Incnot disclosedOption 65 · RSU 35not disclosedAon plc
Agios Pharmaceuticals Inc.100%Option 40 · PSU 40 · RSU 20NoAon
Alector Inc.80%not disclosednot disclosedPearl Meyer & Partners, LLC
Arcus Biosciences Inc.100%Options 67 · RSU 33not disclosedRadford
Cogent Communications Holdings Inc.106%not disclosedNoCompensia
Crinetics Pharmaceuticals Inc.not disclosedOptions 70 · RSU 30not disclosedPearl Meyer
Geron Corporation90%Options 75 · RSU 25not disclosedAon
Iovance Biotherapeutics Inc.60%not disclosedNoHaigh & Company
KalVista Pharmaceuticals Inc.not disclosednot disclosednot disclosedAon
Mirum Pharmaceuticals Inc.200%Option 47.2 · PSU 17.6 · RSU 17.6NoAlpine Rewards
Pliant Therapeutics Inc.not disclosedOption 66.67 · RSU 33.33not disclosedPearl Meyer; Alpine Rewards
Protagonist Therapeutics Inc.160%Options 50 · RSU 50not disclosedAon Human Capital Solutions
Regenxbio Inc.97%Options 75 · RSU 25not disclosedWillis Towers Watson
Rhythm Pharmaceuticals Inc.120%Options 50 · RSU 50NoPay Governance
SpringWorks Therapeutics Inc.140%not disclosedYes — Relative Total Shareholder Return (TSR)Aon
Travere Therapeutics Inc.150%not disclosedNoAon
Vera Therapeutics Inc.not disclosedRSU 50 · Options 50not disclosedAlpine Rewards
Vir Biotechnology Inc.125%Options 67 · RSU 33not disclosedSemler Brossy
Viridian Therapeutics Inc.150%Options 75 · RSU 25not disclosedCompensia

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)14.9 : 1
CEO total compensation$8,872,611
Median employee compensation$597,225
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (47 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, Anish Bhatnagar. 10-K/A, filed 2026-04-30. Section “Executive Compensation” · page 23. As printed: 8,872,611. View filing ↗
  • Section 01, Manher Joshi. 10-K/A, filed 2026-04-30. Section “Executive Compensation” · page 23. As printed: 3,721,576. View filing ↗
  • Section 01, Kevin Norrett. 10-K/A, filed 2026-04-30. Section “Executive Compensation” · page 23. As printed: 3,369,336. View filing ↗
  • Section 01, James Mackaness. 10-K/A, filed 2026-04-30. Section “Executive Compensation” · page 23. As printed: 2,786,453. View filing ↗
  • Section 01, Meredith Manning. 10-K/A, filed 2026-04-30. Section “Executive Compensation” · page 23. As printed: 2,606,156. View filing ↗
  • Section 03, Anish Bhatnagar OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Anish Bhatnagar RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Manher Joshi OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Manher Joshi RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Mackaness OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Mackaness RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Meredith Manning OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Meredith Manning RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Kevin Norrett OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Kevin Norrett RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-30. Section “CEO Pay Ratio”. As printed: 14.9 : 1. View filing ↗
  • Section 08, Mark Hahn. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 657,613. View filing ↗
  • Section 08, Matthew Pauls. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 390,339. View filing ↗
  • Section 08, William G. Harris. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 366,202. View filing ↗
  • Section 08, Birgitte Volck. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 360,475. View filing ↗
  • Section 08, Dawn Bir. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 350,611. View filing ↗
  • Section 08, Andrew Sinclair. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 300,203. 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 278,772 + equity 2,146,671 + all other 0 = 2,425,443, summed across the director compensation table rows.
  • Cogent Communications Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Cogent Communications Holdings Inc.'s own proxy. As printed: 25,372,519. View filing ↗
  • Rhythm Pharmaceuticals Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Rhythm Pharmaceuticals Inc.'s own proxy. As printed: 17,544,525. View filing ↗
  • SpringWorks Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2025-04-04. CEO total compensation as printed in SpringWorks Therapeutics Inc.'s own proxy. As printed: 16,153,317. View filing ↗
  • Protagonist Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Protagonist Therapeutics Inc.'s own proxy. As printed: 12,871,506. View filing ↗
  • Crinetics Pharmaceuticals Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Crinetics Pharmaceuticals Inc.'s own proxy. As printed: 11,628,959. View filing ↗
  • Mirum Pharmaceuticals Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Mirum Pharmaceuticals Inc.'s own proxy. As printed: 10,441,224. View filing ↗
  • Geron Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Geron Corporation's own proxy. As printed: 10,221,755. View filing ↗
  • 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 ↗
  • Soleno Therapeutics Inc (subject), Section 10b CEO total. 10-K/A, filed 2026-04-30. CEO total compensation as printed in Soleno Therapeutics Inc's own proxy. As printed: 8,872,611. View filing ↗
  • Travere Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Travere Therapeutics Inc.'s own proxy. As printed: 8,457,151. View filing ↗
  • Vir Biotechnology Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Vir Biotechnology Inc.'s own proxy. As printed: 7,834,045. View filing ↗
  • Vera Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Vera Therapeutics Inc.'s own proxy. As printed: 6,986,410. View filing ↗
  • Viridian Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Viridian Therapeutics Inc.'s own proxy. As printed: 6,776,249. View filing ↗
  • Pliant Therapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Pliant Therapeutics Inc.'s own proxy. As printed: 5,462,901. View filing ↗
  • Agios Pharmaceuticals Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Agios Pharmaceuticals Inc.'s own proxy. As printed: 5,370,389. View filing ↗
  • KalVista Pharmaceuticals Inc., Section 10b CEO total. 10-KT/A, filed 2026-04-30. CEO total compensation as printed in KalVista Pharmaceuticals Inc.'s own proxy. As printed: 5,094,999. View filing ↗
  • Regenxbio Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Regenxbio Inc.'s own proxy. As printed: 4,200,712. 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 ↗
  • Iovance Biotherapeutics Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Iovance Biotherapeutics Inc.'s own proxy. As printed: 1,888,175. View filing ↗
  • Section 10a, Agios Pharmaceuticals Inc. reciprocity. DEF 14A. Agios Pharmaceuticals Inc. names Soleno Therapeutics Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Vera Therapeutics Inc. reciprocity. DEF 14A. Vera Therapeutics Inc. names Soleno Therapeutics Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Viridian Therapeutics Inc. reciprocity. DEF 14A. Viridian Therapeutics Inc. names Soleno Therapeutics Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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