Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-07-29

Akero Therapeutics (AKRO)

Fiscal year 2024 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.

$10,465,855
Andrew Cheng total, FY2024
71st
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against AKRO
10 companies name AKRO as a compensation peer

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

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andrew Cheng$686,000$0$2,879,155$6,489,100$411,600$0$0$10,465,855
President and Chief Executive Officer
Scott Gangloff313,5770710,2894,947,547140,643006,112,056
Chief Technology Officer
William White510,0000710,2891,617,885229,500003,067,674
Chief Financial Officer
Catriona Yale494,0000710,2891,617,885222,300003,044,474
Chief Development Officer
Jonathan Young490,0000710,2891,617,885220,500003,038,674
Chief Operating 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Andrew Cheng$10,465,855$8,834,907$10,446,243+1,630,948
Scott Gangloff6,112,056
William White3,067,6744,292,266−1,224,592
Catriona Yale3,044,4743,446,5984,136,043−402,124
Jonathan Young3,038,6743,440,8884,144,543−402,214

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

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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William WhiteRSU2024-12-1624,300$710,289
Catriona YaleRSU2024-12-1624,300710,289
Scott GangloffRSU2024-12-1624,300710,289
Jonathan YoungRSU2024-12-1624,300710,289
Scott GangloffOPTION2024-04-29225,0003,329,663
Jonathan YoungOPTION2024-12-1673,7001,617,885
Andrew ChengRSU2024-12-1698,5002,879,155
William WhiteOPTION2024-12-1673,7001,617,885
Andrew ChengOPTION2024-12-16295,6006,489,100
Scott GangloffOPTION2024-12-1673,7001,617,885
Catriona YaleOPTION2024-12-1673,7001,617,885
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William White$710,289$0$1,617,8850.0%
Catriona Yale710,28901,617,8850.0%
Scott Gangloff710,28904,947,5480.0%
Jonathan Young710,28901,617,8850.0%
Andrew Cheng2,879,15506,489,1000.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jonathan YoungRSU9,598$267,016
Catriona YaleOption109,67819.87
Jonathan YoungRSU24,300676,026
Catriona YaleOption73,70029.23
Jonathan YoungOption73,70029.23
Scott GangloffRSU24,300676,026
Catriona YaleRSU24,373678,057
Andrew ChengRSU26,176728,216
Andrew ChengOption65,41621.1
Andrew ChengOption117,79042.95
Andrew ChengOption308,95219.87
Andrew ChengOption295,60029.23
William WhiteOption50,96814.08
Scott GangloffOption225,00019.62
William WhiteOption73,70029.23
Scott GangloffOption73,70029.23
Andrew ChengRSU98,5002,740,270
William WhiteRSU24,373678,057
Jonathan YoungRSU24,373678,057
Andrew ChengRSU68,6561,910,010
Catriona YaleRSU24,300676,026
William WhiteRSU9,598267,016
William WhiteOption21,80621.1
Catriona YaleRSU9,598267,016
William WhiteRSU24,300676,026
William WhiteOption109,67819.87
William WhiteOption43,18942.95
Catriona YaleOption21,80621.1
Catriona YaleOption43,18942.95
Jonathan YoungOption109,67819.87
Jonathan YoungOption21,80621.1
Jonathan YoungOption43,18942.95
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is guided by our overarching philosophy of paying for demonstrable performance.

CEO STI target (% of salary)60%
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Mark T. IwickiIndependent · Board Chair · Compensation (Chair)$85,000$0$434,632$0$0$519,632
Jane HendersonIndependent · Audit (Chair) · Nominating/Governance65,0000434,63200499,632
Tomas HeymanIndependent · Audit · Nominating/Governance (Chair)60,0000434,63200494,632
Graham L. WalmsleyIndependent · Audit · Compensation57,5000434,63200492,132
Yuan XuIndependent · Compensation · Nominating/Governance52,5000434,63200487,132
Judy ChouIndependent · Audit50,0000434,63200484,632
Seth L. HarrisonIndependent · Compensation43,7500434,63200478,382
Andrew ChengEmployee director000000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$413,750
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$413,750

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

10

Disclosed peer group — fiscal year 2024

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 Akero Therapeutics 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 Akero Therapeutics.

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
1Viking Therapeutics, Inc.2025Brian Lian$672,000$17,756,817$2,468,016$373,000$21,269,833
2Madrigal Pharmaceuticals, Inc.2025Bill Sibold918,53112,297,8504,537,1461,438,81419,206,341
3Crinetics Pharmaceuticals, Inc.2025R. Scott Struthers718,5003,280,5407,160,564462,35511,628,959
4Akero Therapeutics2024Andrew Cheng686,0002,879,1556,489,100411,60010,465,855
5Mirum Pharmaceuticals, Inc.2025Christopher Peetz755,0003,683,9044,931,3201,057,00010,441,224
6MannKind Corporation2025Michael Castagna789,4367,689,4800675,7579,300,485
7Morphic Holding, Inc.2023Praveen Tipirneni613,5023,742,9604,121,756412,9668,907,684
8Terns Pharmaceuticals, Inc.2024Amy Burroughs563,701807,7506,476,968375,0008,240,502
9Syndax Pharmaceuticals, Inc.2025Michael Metzger754,3002,021,9653,454,360848,5887,089,213
10RAPT Therapeutics, Inc.2024Brian Wong630,00005,927,297416,0006,979,539
11AnaptysBio, Inc.2025Daniel Faga706,0111,592,0013,345,653465,9686,133,943
12Replimune Group, Inc.2026Sushil Patel700,0003,376,0031,448,325315,0005,845,982
13Tyra Biosciences, Inc.2025Todd Harris658,00004,568,037325,7105,566,997
14Kura Oncology, Inc.2025Troy Wilson700,00003,297,250630,0004,735,016
15REGENXBIO Inc.2025Curran Simpson665,510777,4482,350,302387,3274,200,712
16Aclaris Therapeutics, Inc.2025Neal Walker615,000828,4261,581,615350,5503,375,591
Ventyx Biosciences, 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
Akero Therapeutics100%not disclosednot disclosedPearl Meyer & Partners, LLC
Aclaris Therapeutics, Inc.not disclosednot disclosednot disclosedPearl Meyer
AnaptysBio, Inc.110%not disclosedNoAlpine Rewards
Crinetics Pharmaceuticals, Inc.not disclosedOptions 70 · RSU 30not disclosedPearl Meyer
Kura Oncology, Inc.150%not disclosedNoAlpine Rewards
Madrigal Pharmaceuticals, Inc.195%PSU 33 · RSU 33 · Options 33Yes — Relative TSR vs Nasdaq Biotechnology IndexCompensia
MannKind Corporation107%PSU 55 · RSU 45Yes — Total Stockholder Return (TSR) relative to Russell 3000 Pharmaceutical & Biotechnology IndexMercer LLC
Mirum Pharmaceuticals, Inc.200%not disclosedNoAlpine Rewards
Morphic Holding, Inc.120%RSU 50 · Options 50not disclosedAon
RAPT Therapeutics, Inc.120%Options 100not disclosedAon plc/Radford
REGENXBIO Inc.97%Options 75 · RSU 25not disclosedWillis Towers Watson
Replimune Group, Inc.not disclosednot disclosedNoPearl Meyer
Syndax Pharmaceuticals, Inc.150%Options 34 · PSU 33 · RSU 33Yes — Company's three-year total shareholder return (TSR) as measured against the Nasdaq Biotechnology Index components TSRsAon
Terns Pharmaceuticals, Inc.120%not disclosedNoAlpine Rewards
Tyra Biosciences, Inc.not disclosedOptions 100not disclosedAon Rewards Solutions
Ventyx Biosciences, Inc.not disclosednot disclosednot disclosednot disclosed
Viking Therapeutics, Inc.not disclosednot disclosedNoAon, plc (Aon)

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.

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, Andrew ChengDEF 14A2025-04-280000950170-25-058964Section “EXECUTIVE COMPENSATION TABLES”. As printed: 10,465,855. Filing ↗machine: t13 · r2 · c14 · span 492349–492359
2Section 01, Scott GangloffDEF 14A2025-04-280000950170-25-058964Section “EXECUTIVE COMPENSATION TABLES”. As printed: 6,112,056. Filing ↗machine: r8 · c15 · span 521694–521703
3Section 01, William WhiteDEF 14A2025-04-280000950170-25-058964Section “EXECUTIVE COMPENSATION TABLES”. As printed: 3,067,674. Filing ↗machine: t13 · r5 · c14 · span 506972–506981
4Section 01, Catriona YaleDEF 14A2025-04-280000950170-25-058964Section “EXECUTIVE COMPENSATION TABLES”. As printed: 3,044,474. Filing ↗machine: r11 · c15 · span 536613–536622
5Section 01, Jonathan YoungDEF 14A2025-04-280000950170-25-058964Section “EXECUTIVE COMPENSATION TABLES”. As printed: 3,038,674. Filing ↗machine: r14 · c15 · span 551220–551229
6Section 03, William White RSUDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r9 · c18 · span 627946–627953
7Section 03, Catriona Yale RSUDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t13 · r11 · c8 · span 534727–534734
8Section 03, Scott Gangloff RSUDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t13 · r8 · c8 · span 519808–519815
9Section 03, Jonathan Young RSUDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r22 · c18 · span 712433–712440
10Section 03, Scott Gangloff OPTIONDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r12 · c18 · span 646822–646831
11Section 03, Jonathan Young OPTIONDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r21 · c19 · span 705650–705659
12Section 03, Andrew Cheng RSUDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r5 · c18 · span 602287–602296
13Section 03, William White OPTIONDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r8 · c18 · span 621165–621174
14Section 03, Andrew Cheng OPTIONDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r4 · c19 · span 595504–595513
15Section 03, Scott Gangloff OPTIONDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t14 · r13 · c19 · span 653853–653862
16Section 03, Catriona Yale OPTIONDEF 14A2025-04-280000950170-25-058964Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t13 · r11 · c10 · span 535355–535364
17Section 08, Mark T. IwickiDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 519,632. Filing ↗machine: t21 · r6 · c6 · span 1302919–1302926
18Section 08, Jane HendersonDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 499,632. Filing ↗machine: t21 · r4 · c6 · span 1297876–1297883
19Section 08, Tomas HeymanDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 494,632. Filing ↗machine: t21 · r5 · c6 · span 1300398–1300405
20Section 08, Graham L. WalmsleyDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 492,132. Filing ↗machine: t21 · r7 · c6 · span 1305457–1305464
21Section 08, Yuan XuDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 487,132. Filing ↗machine: t21 · r8 · c6 · span 1307981–1307988
22Section 08, Judy ChouDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 484,632. Filing ↗machine: t21 · r2 · c6 · span 1292801–1292808
23Section 08, Seth L. HarrisonDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 478,382. Filing ↗machine: t21 · r3 · c6 · span 1295347–1295354
24Section 08, Andrew ChengDEF 14A2025-04-280000950170-25-058964Section “Director Compensation”. As printed: 0. Filing ↗
25Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
27Section 09b board cost (computed)ComputedcomputedCash 413,750 + equity 0 + all other 0 = 413,750, summed across the director compensation table rows.machine: formula: Σ = 413,750
28Viking Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-137915CEO total compensation as printed in Viking Therapeutics, Inc.'s own proxy. As printed: 21,269,833. Filing ↗machine: t8 · r2 · c17 · span 395920–395930
29Madrigal Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-280001308179-26-000352CEO total compensation as printed in Madrigal Pharmaceuticals, Inc.'s own proxy. As printed: 19,206,341. Filing ↗machine: r2 · c24 · span 791942–791952
30Crinetics Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-290001658247-26-000030CEO total compensation as printed in Crinetics Pharmaceuticals, Inc.'s own proxy. As printed: 11,628,959. Filing ↗machine: r2 · c48 · span 589450–589460
31Akero Therapeutics (subject), Section 10b CEO totalDEF 14A2025-04-280000950170-25-058964CEO total compensation as printed in Akero Therapeutics's own proxy. As printed: 10,465,855. Filing ↗machine: t13 · r2 · c14 · span 492349–492359
32Mirum Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-230001759425-26-000027CEO total compensation as printed in Mirum Pharmaceuticals, Inc.'s own proxy. As printed: 10,441,224. Filing ↗machine: r2 · c21 · span 580200–580210
33MannKind Corporation, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145613CEO total compensation as printed in MannKind Corporation's own proxy. As printed: 9,300,485. Filing ↗machine: t24 · r5 · c27 · span 606612–606621
34Morphic Holding, Inc., Section 10b CEO totalDEF 14A2024-04-250001679363-24-000035CEO total compensation as printed in Morphic Holding, Inc.'s own proxy. As printed: 8,907,684. Filing ↗machine: r3 · c48 · span 295049–295058
35Terns Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2025-04-290000950170-25-060138CEO total compensation as printed in Terns Pharmaceuticals, Inc.'s own proxy. As printed: 8,240,502. Filing ↗machine: t5 · r3 · c26 · span 385759–385768
36Syndax Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197859CEO total compensation as printed in Syndax Pharmaceuticals, Inc.'s own proxy. As printed: 7,089,213. Filing ↗machine: span 936322–936331
37RAPT Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-140000950170-25-053517CEO total compensation as printed in RAPT Therapeutics, Inc.'s own proxy. As printed: 6,979,539. Filing ↗machine: r2 · c23 · span 816852–816861
38AnaptysBio, Inc., Section 10b CEO totalDEF 14A2026-06-290001193125-26-288408CEO total compensation as printed in AnaptysBio, Inc.'s own proxy. As printed: 6,133,943. Filing ↗machine: span 694406–694415
39Replimune Group, Inc., Section 10b CEO totalDEF 14A2026-07-290001104659-26-087650CEO total compensation as printed in Replimune Group, Inc.'s own proxy. As printed: 5,845,982. Filing ↗machine: r1 · c41 · span 430765–430774
40Tyra Biosciences, Inc., Section 10b CEO totalDEF 14A2026-04-170001193125-26-160360CEO total compensation as printed in Tyra Biosciences, Inc.'s own proxy. As printed: 5,566,997. Filing ↗machine: r2 · c23 · span 216822–216831
41Kura Oncology, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-151335CEO total compensation as printed in Kura Oncology, Inc.'s own proxy. As printed: 4,735,016. Filing ↗machine: t27 · r2 · c14 · span 1018180–1018189
42REGENXBIO Inc., Section 10b CEO totalDEF 14A2026-04-140001193125-26-155058CEO total compensation as printed in REGENXBIO Inc.'s own proxy. As printed: 4,200,712. Filing ↗machine: r2 · c16 · span 436444–436453
43Aclaris Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047262CEO total compensation as printed in Aclaris Therapeutics, Inc.'s own proxy. As printed: 3,375,591. Filing ↗machine: r2 · c14 · span 317880–317889
44Section 10a, AnaptysBio, Inc. reciprocityDEF 14A0001193125-26-288408AnaptysBio, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
45Section 10a, Morphic Holding, Inc. reciprocityDEF 14A0001679363-24-000035Morphic Holding, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
46Section 10a, Kura Oncology, Inc. reciprocityDEF 14A0001193125-26-151335Kura Oncology, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
47Section 10a, Madrigal Pharmaceuticals, Inc. reciprocityDEF 14A0001308179-26-000352Madrigal Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
48Section 10a, Mirum Pharmaceuticals, Inc. reciprocityDEF 14A0001759425-26-000027Mirum Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
49Section 10a, Viking Therapeutics, Inc. reciprocityDEF 14A0001193125-26-137915Viking Therapeutics, Inc. names Akero Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Crinetics Pharmaceuticals, Inc. reciprocityDEF 14A0001658247-26-000030Crinetics Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
51Section 10a, MannKind Corporation reciprocityDEF 14A0001193125-26-145613MannKind Corporation's most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗
52Section 10a, Syndax Pharmaceuticals, Inc. reciprocityDEF 14A0001193125-26-197859Syndax Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Akero Therapeutics. Filing ↗