Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

ADC Therapeutics SA (ADCT)

CEO Ameet Mallik was paid $2,453,150 in fiscal year 2025, ↑ up 33.5% from fiscal year 2024, the 22nd percentile of its disclosed peer group (SEC filing 0001140361-26-015491 ↗): 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.

$2,453,150 ↑
Ameet Mallik total, FY2025
22nd
CEO pay percentile vs peers
—
CEO-to-median pay ratio
—
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Ameet Mallik (Chief Executive Officer), FY2025 total compensation $2,453,150 (base salary $776,084) [exec_comp, SEC accession 0001140361-26-015491, filed 2026-04-20]

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ADCT's next annual pay disclosure, estimated April 19, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ameet Mallik$776,084$0$1,046,500$0$582,063$0$48,503$2,453,150
Chief Executive Officer
Mohamed Zaki690,1210370,3000431,325023,8201,515,566
Chief Medical Officer
Jose Carmona525,2080386,4000328,25507,1401,247,003
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Ameet Mallik$2,453,150$1,837,628$3,779,425↑ +615,522
Mohamed Zaki1,515,5661,009,5134,403,851↑ +506,053
Jose Carmona1,247,003933,5851,259,357↑ +313,418

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against ADCT
No companies currently name ADCT as a compensation peer in their most recent disclosure.

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

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Ameet MallikCEO$2,453,150
Jose CarmonaCFO$1,247,003
Mohamed ZakiChief Medical Officer$1,515,566
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Jean-Pierre BizzariIndependent Director$206,100
Peter HugLead Independent Director$250,968
Robert AzelbyIndependent Director$211,100
Ron SquarerChair of the Board$249,197
Thomas PfistererIndependent Director$37,001
Timothy CoughlinIndependent Director$431,129
Tyrell J. RiversIndependent Director—
Victor SandorIndependent Director$211,100
Viviane MongesIndependent Director$246,414
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jose CarmonaRSU2025-02-13——240,000—$386,400
Ameet MallikRSU2025-02-13——650,000—1,046,500
Mohamed ZakiRSU2025-02-13——230,000—370,300
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jose Carmona$386,400$0$00.0%
Ameet Mallik1,046,500000.0%
Mohamed Zaki370,300000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ameet MallikOption195,3121.99—
Ameet MallikRSU650,000—2,294,500
Jose CarmonaRSU240,000—847,200
Mohamed ZakiRSU230,000—811,900
Ameet MallikOption111,24610.95—
Jose CarmonaOption115,0003.04—
Mohamed ZakiOption19,4443.59—
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is designed to reward financial and operational performance, support our business strategies and offer competitive compensation arrangements to both attract and retain key individuals.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-011,254,511,226————

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
20262026-06-01—a

a. 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.

07

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Timothy CoughlinIndependent · Audit (Chair)$55,529$143,600$232,000—$0$431,129
Peter HugIndependent · Lead Independent Director · Compensation (Chair) · Nominating and Corporate Governance90,000143,6000—17,368250,968
Ron SquarerNot independent · Board Chair85,000143,6000—20,597249,197
Viviane MongesIndependent · Audit · Nominating and Corporate Governance71,346143,6000—31,468246,414
Victor SandorIndependent · Compensation · Science and Technology (Chair)67,500143,6000—0211,100
Robert AzelbyIndependent · Audit · Compensation67,500143,6000—0211,100
Jean-Pierre BizzariIndependent · Nominating and Corporate Governance (Chair) · Science and Technology62,500143,6000—0206,100
Thomas PfistererIndependent22,50000—14,50137,001
Tyrell J. RiversIndependent · Science and Technology000—00
Ameet MallikEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$143,600
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 15,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$521,875
Equity awards (grant-date value)$1,005,200
All other compensation$83,934
Total cost of the board$1,611,009

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

10

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.

10a

Peer reciprocity

Of the companies ADC Therapeutics SA 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 ADC Therapeutics SA.

10b

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
1Immunome, Inc.2025Clay Siegall$735,000$0$6,272,810$661,500$7,682,601
2Nektar Therapeutics2025Howard Robin1,106,282942,0812,986,5351,106,2826,256,954
3Allogene Therapeutics, Inc.2025David Chang724,0002,409,5372,588,329400,0106,136,093
4Akebia Therapeutics, Inc.2025John Butler864,0102,164,3382,024,798580,9735,652,339
5Zymeworks Inc.2024Kenneth Galbraith654,8332,112,0001,985,672361,6525,253,616
6Rigel Pharmaceuticals2025Raul Rodriguez787,405951,3272,241,570634,6494,658,805
7Y-mAbs Therapeutics2024Michael Rossi705,6001,170,7322,288,662392,5964,557,590
8Urogen Pharma Ltd.2025Elizabeth Barrett855,5902,122,2110516,2634,310,624
9Esperion Therapeutics, Inc.2025Sheldon Koenig770,8331,260,000847,929639,3753,535,512
10Heron Therapeutics2025Craig Collard689,431946,2541,352,917517,1893,516,291
11Aquestive Therapeutics, Inc.2025Daniel Barber659,8851,547,342877,200409,1323,493,559
12uniQure N.V.2025Matthew Kapusta676,1701,079,1001,155,960345,1173,287,434
13Puma Biotechnology, Inc.2025Alan Auerbach931,333551,549535,5131,027,3073,062,337
14X4 Pharmaceuticals2025Paula Ragan420,1701,081,575002,640,569
15ADC Therapeutics SA2025Ameet Mallik776,0841,046,5000582,0632,453,150
16KaryoPharm Therapeutics Inc.2025Richard Paulson770,000838,996241,544350,3502,320,902
17Fate Therapeutics, Inc.2025Bahram Valamehr600,00001,283,868360,0002,248,568
18MacroGenics2025Eric Risser561,56852,0001,049,386251,9002,078,854
19Mersana Therapeutics, Inc.2024Michael Huber632,500133,635518,044322,5751,613,754
—Pyxis Oncology, Inc.——————not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
ADC Therapeutics SAnot disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
Akebia Therapeutics, Inc.90%Options 50 · RSU 25 · MSU 25NoPearl Meyer
Allogene Therapeutics, Inc.not disclosedOption 55 · RSU 25 · PSU 20not disclosedCompensia
Aquestive Therapeutics, Inc.not disclosedOptions 42 · PSU 30 · RSU 28NoAon
Esperion Therapeutics, Inc.110%not disclosednot disclosednot disclosed
Fate Therapeutics, Inc.100%Options 100NoAon's Human Capital Solutions practice (Radford)
Heron Therapeuticsnot disclosedOption 66.67 · RSU 33.33not disclosedCompensia, Inc.
Immunome, Inc.150%Options 100not disclosedAon
KaryoPharm Therapeutics Inc.90%not disclosedYes — Relative TSRAlpine, WTW
MacroGenics85%not disclosednot disclosedAlpine Rewards, LLC
Mersana Therapeutics, Inc.not disclosedOption 75 · RSU 25not disclosedPearl Meyer & Partners, LLC
Nektar Therapeutics100%not disclosedNoAon
Puma Biotechnology, Inc.169.7%Options 50 · RSU 50not disclosedCompensia
Pyxis Oncology, Inc.not disclosednot disclosednot disclosednot disclosed
Rigel Pharmaceuticals124%Options 75 · RSU 25NoPearl Meyer
uniQure N.V.not disclosedOptions 50 · RSU 50NoWTW (Willis Towers Watson)
Urogen Pharma Ltd.80%RSU 50 · PSU 50NoCompensia, Inc.
X4 Pharmaceuticalsnot disclosednot disclosednot disclosednot disclosed
Y-mAbs Therapeutics85.6%not disclosedNoAon
Zymeworks Inc.not disclosedOption 50 · RSU 50not disclosedAon plc

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.

10d

Frequently asked questions

Who was the highest-paid executive at ADC Therapeutics SA in fiscal 2025?
As disclosed, Ameet Mallik (Chief Executive Officer) was the highest-paid executive at ADC Therapeutics SA in fiscal 2025, with total compensation of $2,453,150.
How does ADC Therapeutics SA's chief executive pay compare to its disclosed peer group?
As disclosed, Ameet Mallik's total compensation ranked at the 22nd percentile of ADC Therapeutics SA's disclosed peer group.
How much does ADC Therapeutics SA spend in total on board compensation for fiscal 2025?
As disclosed, ADC Therapeutics SA reported total board compensation of $1,611,009 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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ameet MallikDEF 14A2026-04-200001140361-26-015491Section “Executive Compensation”. As printed: 2,453,150. Filing ↗machine: r2 · c21 · span 371495–371505
2Section 01, Mohamed ZakiDEF 14A2026-04-200001140361-26-015491Section “Executive Compensation”. As printed: 1,515,566. Filing ↗machine: r6 · c21 · span 387422–387432
3Section 01, Jose CarmonaDEF 14A2026-04-200001140361-26-015491Section “Executive Compensation”. As printed: 1,247,003. Filing ↗machine: r4 · c21 · span 379434–379444
4Section 03, Jose Carmona RSUDEF 14A2026-04-200001140361-26-015491Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 377928–377935
5Section 03, Ameet Mallik RSUDEF 14A2026-04-200001140361-26-015491Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
6Section 03, Mohamed Zaki RSUDEF 14A2026-04-200001140361-26-015491Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 385712–385719
7Section 07, pay ratio10-K2026-03-100001628280-26-016491Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Timothy CoughlinDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 431,129. Filing ↗machine: span 545698–545881
9Section 08, Peter HugDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 250,968. Filing ↗machine: span 548844–549027
10Section 08, Ron SquarerDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 249,197. Filing ↗machine: span 536971–537154
11Section 08, Viviane MongesDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 246,414. Filing ↗machine: span 551563–551746
12Section 08, Victor SandorDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 211,100. Filing ↗machine: span 560742–560967
13Section 08, Robert AzelbyDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 211,100. Filing ↗machine: span 539733–539959
14Section 08, Jean-Pierre BizzariDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 206,100. Filing ↗machine: span 542976–543159
15Section 08, Thomas PfistererDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 37,001. Filing ↗machine: span 554759–554981
16Section 08, Tyrell J. RiversDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Ameet MallikDEF 14A2026-04-200001140361-26-015491Section “Director Compensation”. As printed: 0. Filing ↗
18Section 06, 2026 voteForm 8-K2026-04-200001140361-26-015491Item 5.07 · say-on-pay result. As reported: —. Filing ↗
19Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 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).machine: formula: sums + PSU ratio
21Section 09b board cost (computed)Computed——Cash 521,875 + equity 1,005,200 + all other 83,934 = 1,611,009, summed across the director compensation table rows.machine: formula: Σ = 1,611,009
22Immunome, Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016685CEO total compensation as printed in Immunome, Inc.'s own proxy. As printed: 7,682,601. Filing ↗machine: r2 · c21 · span 416484–416493
23Nektar Therapeutics, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016708CEO total compensation as printed in Nektar Therapeutics's own proxy. As printed: 6,256,954. Filing ↗machine: r2 · c24 · span 738327–738336
24Allogene Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-300001628280-26-028948CEO total compensation as printed in Allogene Therapeutics, Inc.'s own proxy. As printed: 6,136,093. Filing ↗machine: r2 · c54 · span 451014–451023
25Akebia Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-280001517022-26-000034CEO total compensation as printed in Akebia Therapeutics, Inc.'s own proxy. As printed: 5,652,339. Filing ↗machine: r3 · c39 · span 516847–516856
26Zymeworks Inc., Section 10b CEO totalDEF 14A2025-11-100001193125-25-274338CEO total compensation as printed in Zymeworks Inc.'s own proxy. As printed: 5,253,616. Filing ↗machine: r2 · c30 · span 541437–541446
27Rigel Pharmaceuticals, Section 10b CEO totalDEF 14A2026-04-030001034842-26-000023CEO total compensation as printed in Rigel Pharmaceuticals's own proxy. As printed: 4,658,805. Filing ↗machine: t120 · r3 · c22 · span 886059–886068
28Y-mAbs Therapeutics, Section 10b CEO totalDEF 14A2025-05-300001558370-25-008299CEO total compensation as printed in Y-mAbs Therapeutics's own proxy. As printed: 4,557,590. Filing ↗machine: r5 · c23 · span 597595–597604
29Urogen Pharma Ltd., Section 10b CEO totalDEF 14A2026-04-300001437749-26-014237CEO total compensation as printed in Urogen Pharma Ltd.'s own proxy. As printed: 4,310,624. Filing ↗machine: r1 · c29 · span 562926–562935
30Esperion Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-160001628280-26-025499CEO total compensation as printed in Esperion Therapeutics, Inc.'s own proxy. As printed: 3,535,512. Filing ↗machine: span 423838–423847
31Heron Therapeutics, Section 10b CEO totalDEF 14A2026-04-300001193125-26-196306CEO total compensation as printed in Heron Therapeutics's own proxy. As printed: 3,516,291. Filing ↗machine: span 728212–728221
32Aquestive Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016757CEO total compensation as printed in Aquestive Therapeutics, Inc.'s own proxy. As printed: 3,493,559. Filing ↗machine: r2 · c21 · span 397882–397891
33uniQure N.V., Section 10b CEO totalDEF 14A2026-04-270001104659-26-048969CEO total compensation as printed in uniQure N.V.'s own proxy. As printed: 3,287,434. Filing ↗machine: r2 · c16 · span 1000603–1000612
34Puma Biotechnology, Inc., Section 10b CEO totalDEF 14A2026-04-280001437749-26-013671CEO total compensation as printed in Puma Biotechnology, Inc.'s own proxy. As printed: 3,062,337. Filing ↗machine: t56 · r1 · c29 · span 540970–540979
35X4 Pharmaceuticals, Section 10b CEO totalDEF 14A2026-03-200001501697-26-000031CEO total compensation as printed in X4 Pharmaceuticals's own proxy. As printed: 2,640,569. Filing ↗machine: span 520865–520874
36ADC Therapeutics SA (subject), Section 10b CEO totalDEF 14A2026-04-200001140361-26-015491CEO total compensation as printed in ADC Therapeutics SA's own proxy. As printed: 2,453,150. Filing ↗machine: r2 · c21 · span 371495–371505
37KaryoPharm Therapeutics Inc., Section 10b CEO totalDEF 14A2026-04-130001503802-26-000023CEO total compensation as printed in KaryoPharm Therapeutics Inc.'s own proxy. As printed: 2,320,902. Filing ↗machine: r2 · c29 · span 1192339–1192348
38Fate Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177094CEO total compensation as printed in Fate Therapeutics, Inc.'s own proxy. As printed: 2,248,568. Filing ↗machine: r2 · c31 · span 391551–391560
39MacroGenics, Section 10b CEO totalDEF 14A2026-04-080001125345-26-000021CEO total compensation as printed in MacroGenics's own proxy. As printed: 2,078,854. Filing ↗machine: r2 · c57 · span 494189–494198
40Mersana Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-290001104659-25-040448CEO total compensation as printed in Mersana Therapeutics, Inc.'s own proxy. As printed: 1,613,754. Filing ↗machine: r1 · c41 · span 608188–608197
41Section 10a, uniQure N.V. reciprocityDEF 14A—0001104659-26-048969uniQure N.V.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
42Section 10a, Urogen Pharma Ltd. reciprocityDEF 14A—0001437749-26-014237Urogen Pharma Ltd.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
43Section 10a, Akebia Therapeutics, Inc. reciprocityDEF 14A—0001517022-26-000034Akebia Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
44Section 10a, Mersana Therapeutics, Inc. reciprocityDEF 14A—0001104659-25-040448Mersana Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
45Section 10a, Esperion Therapeutics, Inc. reciprocityDEF 14A—0001628280-25-018229Esperion Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
46Section 10a, Allogene Therapeutics, Inc. reciprocityDEF 14A—0001628280-26-028948Allogene Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
47Section 10a, Nektar Therapeutics reciprocityDEF 14A—0001140361-26-016708Nektar Therapeutics's most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
48Section 10a, Puma Biotechnology, Inc. reciprocityDEF 14A—0001437749-26-013671Puma Biotechnology, Inc.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
49Section 10a, Rigel Pharmaceuticals reciprocityDEF 14A—0001034842-26-000023Rigel Pharmaceuticals's most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
50Section 10a, MacroGenics reciprocityDEF 14A—0001125345-26-000021MacroGenics's most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
51Section 10a, Y-mAbs Therapeutics reciprocityDEF 14A—0001558370-25-008299Y-mAbs Therapeutics's most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
52Section 10a, Heron Therapeutics reciprocityDEF 14A—0001193125-26-196306Heron Therapeutics's most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗
53Section 10a, KaryoPharm Therapeutics Inc. reciprocityDEF 14A—0001503802-26-000023KaryoPharm Therapeutics Inc.'s most recent proxy was read; its disclosed peer group does not include ADC Therapeutics SA. Filing ↗

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