Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses ABUS 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 ABUS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael McElhaugh | $109,658 | $0 | $582,330 | $1,855,495 | $0 | $0 | $1,030,667 | $3,578,150 |
| Former Interim President and Chief Executive Officer | ||||||||
| Tuan Nguyen | 359,849 | 0 | 0 | 1,879,890 | 159,756 | 0 | 17,500 | 2,416,995 |
| Chief Financial Officer | ||||||||
| David Hastings | 138,613 | 0 | 296,429 | 944,268 | 0 | 0 | 839,052 | 2,218,362 |
| Former Chief Financial Officer | ||||||||
| Lindsay Androski | 437,750 | 0 | 0 | 714,751 | 216,512 | 0 | 0 | 1,369,013 |
| President 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Michael McElhaugh | $3,578,150 | — | — | — |
| Tuan Nguyen | 2,416,995 | — | — | — |
| David Hastings | 2,218,362 | — | — | — |
| Lindsay Androski | 1,369,013 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Roger Sawhney | Director | 2026-06-08 | A | 78,800 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Robert Alan Beardsley | Director | 2026-06-08 | A | 78,800 | 0 | 0 | Derivative, Class A Common | Form 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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| David Hastings | OPTION | — | — | — | — | — | $944,268 |
| Michael McElhaugh | OPTION | — | — | — | — | — | 1,855,495 |
| Lindsay Androski | OPTION | — | — | — | — | — | 714,751 |
| David Hastings | RSU | — | — | — | — | — | 296,429 |
| Michael McElhaugh | RSU | — | — | — | — | — | 582,330 |
| Tuan Nguyen | OPTION | — | — | — | — | — | 1,879,890 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| David Hastings | $296,429 | $0 | $944,268 | 0.0% |
| Michael McElhaugh | 582,330 | 0 | 1,855,495 | 0.0% |
| Lindsay Androski | 0 | 0 | 714,751 | 0.0% |
| Tuan Nguyen | 0 | 0 | 1,879,890 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Tuan Nguyen | Option | 750,000 | 3.49 | — |
| Lindsay Androski | Option | 310,422 | 3.2 | — |
Currently, our executive compensation program principally consists of the following components: base salary, annual incentive cash bonus, long-term incentives in the form of stock options and restricted stock units, and health and retirement benefits generally available to all our employees.
| CEO STI target (% of salary) | 45% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Radford |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-26 | 137,629,207 | 8,331,760 | 512,660 | 94.29% | Passed |
| 2025 | 2025-05-21 | 122,791,749 | 6,976,561 | 347,547 | 94.62% | Passed |
| 2024 | 2024-05-22 | 99,284,557 | 13,548,318 | 9,771,548 | 87.99% | Passed |
| 2023 | 2023-05-24 | 85,552,303 | 8,211,196 | 1,055,983 | 91.24% | Passed |
| 2022 | 2022-05-25 | 71,034,911 | 5,946,818 | 461,310 | 92.28% | Passed |
| 2021 | 2021-05-26 | 34,997,409 | 2,754,917 | 368,089 | 92.7% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-26 | 94.29%a |
| 2025 | 2025-05-21 | 94.62%b |
| 2024 | 2024-05-22 | 87.99%c |
a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on the outcome of this Proposal No.”.
b. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on the outcome of this Proposal No.”.
c. Approved under the standard stated in the filing — “" Broker non-votes and abstentions will have no effect on the outcome of this Proposal No.”.
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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Robert Alan BeardsleyIndependent · Audit · Compensation (Chair) | $55,098 | $0 | $362,876 | $0 | $0 | $417,974 |
| Roger SawhneyIndependent · Audit · Corporate Governance and Nominating | 22,559 | 0 | 365,402 | 0 | 0 | 387,961 |
| Anuj HasijaIndependent · Departed during FY | 24,277 | 0 | 362,876 | 0 | 0 | 387,153 |
| Frank TortiIndependent · Departed during FY | 12,568 | 0 | — | 0 | 0 | 12,568 |
| James MeyersIndependent · Departed during FY | 10,664 | 0 | — | 0 | 0 | 10,664 |
| Richard C. HenriquesIndependent · Departed during FY | 10,283 | 0 | — | 0 | 0 | 10,283 |
| Daniel BurgessIndependent · Departed during FY | 8,379 | — | — | 0 | 0 | 8,379 |
| Keith ManchesterIndependent · Departed during FY | 7,617 | — | — | 0 | 0 | 7,617 |
| Melissa V. RewolinskiIndependent · Departed during FY | 7,236 | — | — | 0 | 0 | 7,236 |
| Joseph BishopIndependent · Audit (Chair) · Compensation · Corporate Governance and Nominating | 0 | 0 | 0 | 0 | 0 | 0 |
| Lindsay AndroskiEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Michael J. McElhaughEmployee director · Departed during FY | 0 | 0 | 0 | — | 0 | 0 |
| Matthew GlineIndependent · Compensation · Corporate Governance and Nominating | 0 | 0 | 0 | 0 | 0 | 0 |
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $158,681 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $158,681 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Arbutus Biopharma | 2025 | Michael McElhaugh | $109,658 | $582,330 | $1,855,495 | $0 | $3,578,150 |
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.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Michael McElhaugh | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Summary Compensation Table”. As printed: 3,578,150. Filing ↗machine: t100 · r6 · c24 · span 395795–395804 |
| 2 | Section 01, Tuan Nguyen | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Summary Compensation Table”. As printed: 2,416,995. Filing ↗machine: r4 · c24 · span 386623–386632 |
| 3 | Section 01, David Hastings | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Summary Compensation Table”. As printed: 2,218,362. Filing ↗machine: r8 · c24 · span 404825–404834 |
| 4 | Section 01, Lindsay Androski | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Summary Compensation Table”. As printed: 1,369,013. Filing ↗machine: t100 · r2 · c24 · span 377494–377503 |
| 5 | Section 03, David Hastings OPTION | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t100 · r8 · c15 · span 403277–403284 |
| 6 | Section 03, Michael McElhaugh OPTION | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t100 · r6 · c15 · span 394049–394058 |
| 7 | Section 03, Lindsay Androski OPTION | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t100 · r2 · c15 · span 375756–375763 |
| 8 | Section 03, David Hastings RSU | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t100 · r8 · c12 · span 402758–402765 |
| 9 | Section 03, Michael McElhaugh RSU | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t100 · r6 · c12 · span 393484–393491 |
| 10 | Section 03, Tuan Nguyen OPTION | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t100 · r4 · c15 · span 385120–385129 |
| 11 | Section 07, pay ratio | 10-K | 2026-03-23 | 0001447028-26-000017 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 12 | Section 08, Robert Alan Beardsley | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 417,974. Filing ↗machine: t125 · r2 · c12 · span 680931–680938 |
| 13 | Section 08, Roger Sawhney | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 387,961. Filing ↗machine: t125 · r5 · c12 · span 688248–688255 |
| 14 | Section 08, Anuj Hasija | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 387,153. Filing ↗machine: t125 · r6 · c12 · span 690941–690948 |
| 15 | Section 08, Frank Torti | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 12,568. Filing ↗machine: t125 · r7 · c3 · span 691775–691781 |
| 16 | Section 08, James Meyers | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 10,664. Filing ↗machine: t125 · r11 · c3 · span 701773–701779 |
| 17 | Section 08, Richard C. Henriques | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 10,283. Filing ↗machine: t125 · r9 · c3 · span 696775–696781 |
| 18 | Section 08, Daniel Burgess | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 8,379. Filing ↗machine: t125 · r8 · c3 · span 694206–694211 |
| 19 | Section 08, Keith Manchester | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 7,617. Filing ↗machine: t125 · r10 · c3 · span 699212–699217 |
| 20 | Section 08, Melissa V. Rewolinski | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 7,236. Filing ↗machine: t125 · r12 · c3 · span 704272–704277 |
| 21 | Section 08, Joseph Bishop | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 22 | Section 08, Lindsay Androski | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 23 | Section 08, Michael J. McElhaugh | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 24 | Section 08, Matthew Gline | DEF 14A | 2026-04-14 | 0001140361-26-014623 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 25 | Section 02, Roger Sawhney 2026-06-08 | Form 4 | 2026-06-10 | 0001447028-26-000040 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Robert Alan Beardsley 2026-06-08 | Form 4 | 2026-06-10 | 0001447028-26-000039 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 06, 2026 vote | Form 8-K | 2026-05-27 | 0001447028-26-000024 | Item 5.07 · say-on-pay result. As reported: 94.29% (votes for as printed: 137,629,207). Filing ↗ |
| 28 | Section 06, 2025 vote | Form 8-K | 2025-05-23 | 0001447028-25-000104 | Item 5.07 · say-on-pay result. As reported: 94.62% (votes for as printed: 122,791,749). Filing ↗ |
| 29 | Section 06, 2024 vote | Form 8-K | 2024-05-28 | 0001447028-24-000061 | Item 5.07 · say-on-pay result. As reported: 87.99% (votes for as printed: 99,284,557). Filing ↗ |
| 30 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 31 | Section 09b board cost (computed) | Computed | — | computed | Cash 158,681 + equity 0 + all other 0 = 158,681, summed across the director compensation table rows.machine: formula: Σ = 158,681 |
| 32 | Arbutus Biopharma (subject), Section 10b CEO total | DEF 14A | 2026-04-14 | 0001140361-26-014623 | CEO total compensation as printed in Arbutus Biopharma's own proxy. As printed: 3,578,150. Filing ↗machine: t100 · r6 · c24 · span 395795–395804 |