Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

Aldeyra Therapeutics, Inc. (ALDX)

CEO Todd Brady was paid $4,704,179 in fiscal year 2025, ↑ up 19.6% from fiscal year 2024 (SEC filing 0001193125-26-182099 ↗): 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.

$4,704,179 ↑
Todd Brady total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
81.09%
Say-on-pay support, latest vote

ALDX's next annual pay disclosure, estimated April 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Todd Brady$700,000$0$0$3,801,379$189,000$0$14,000$4,704,179
President and Chief Executive Officer
Stephen Machatha400,000——950,342——101,8001,452,142
Chief Development Officer
Michael Alfieri——————243,994245,963
Principal Financial Officer and Principal Accounting 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
Todd Brady$4,704,179$3,931,645—↑ +772,534
Stephen Machatha1,452,1421,688,381—↓ −236,239
Michael Alfieri245,963111,650—↑ +134,313

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 ALDX
1 company names ALDX as a compensation peer

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Stephen MachathaOption5,2094.52—
Todd BradyOption5,2094.52—
Todd BradyRSU62,500—323,750
Todd BradyRSU119,375—618,363
Todd BradyOption67,7096.76—
Stephen MachathaRSU46,402—240,362
Stephen MachathaRSU16,099—83,393
Todd BradyOption563,1263.62—
Todd BradyOption624,1526.17—
Stephen MachathaOption59,6546.76—
Stephen MachathaOption211,1723.62—
Stephen MachathaOption156,0386.17—
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to ensure consistency with our short-term and long-term goals given the dynamic nature of our business and the market in which we compete for executive talent. The program promotes a pay-for-performance philosophy by providing direct financial incentives for the achievement of corporate financial goals and aligning the interests of named executive officers with those of stockholders through long-term equity incentives.

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
20262026-06-0919,477,5044,543,22187,13881.09%Passed
20252025-06-1018,847,6207,919,279181,46570.41%Passed
20242024-06-0431,493,3192,862,040126,60691.67%Passed
20232023-06-3027,710,251646,06057,32397.72%Passed
20222022-06-0723,243,9093,179,90065,33487.97%Passed
20212021-06-0820,666,4315,734,541126,45878.28%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
20262026-06-0981.09%a
20252025-06-1070.41%b
20242024-06-0491.67%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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard H. Douglas, Ph.DIndependent · Board Chair · Nominating/Corporate Governance · Not standing for re-election$61,750$0$163,466——$225,216
Martin J. Joyce, M.B.AIndependent · Audit (Chair) · Nominating/Corporate Governance · Not standing for re-election49,2500148,469——197,719
Gary M. Phillips, M.DIndependent · Audit · Compensation (Chair) · Not standing for re-election48,7500147,468——196,218
Ben R. Bronstein, M.DIndependent · Audit · Nominating/Corporate Governance (Chair) · Not standing for re-election47,2500145,469——192,719
Neal S. Walker, D.OIndependent · Compensation · Not standing for re-election42,5000134,972——177,472
Nancy B. Miller-RichIndependent · Compensation · Not standing for re-election42,5000134,972——177,472
William D. ClarkIndependent · Not standing for re-election28,2220134,237——162,459
Todd C. Brady, M.D., Ph.DEmployee director · Stock Option—————0
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$130,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)3,750 / 5,000 / 3,500
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$320,222
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$320,222

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

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
1Aldeyra Therapeutics, Inc.2025Todd Brady$700,000$0$3,801,379$189,000$4,704,179

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.

10d

Frequently asked questions

Who was the highest-paid executive at Aldeyra Therapeutics, Inc. in fiscal 2025?
As disclosed, Todd Brady (President and Chief Executive Officer) was the highest-paid executive at Aldeyra Therapeutics, Inc. in fiscal 2025, with total compensation of $4,704,179.
How did shareholders vote on Aldeyra Therapeutics, Inc.'s executive compensation?
As disclosed, 81.09% of shareholders supported Aldeyra Therapeutics, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Aldeyra Therapeutics, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Aldeyra Therapeutics, Inc. reported total board compensation of $320,222 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, Todd BradyDEF 14A2026-04-270001193125-26-182099Section “Summary Compensation Table”. As printed: 4,704,179. Filing ↗machine: span 302788–302797
2Section 01, Stephen MachathaDEF 14A2026-04-270001193125-26-182099Section “Summary Compensation Table”. As printed: 1,452,142. Filing ↗
3Section 01, Michael AlfieriDEF 14A2026-04-270001193125-26-182099Section “Summary Compensation Table”. As printed: 245,963. Filing ↗
4Section 08, Richard H. Douglas, Ph.DDEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 225,216. Filing ↗machine: span 256877–256884
5Section 08, Martin J. Joyce, M.B.ADEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 197,719. Filing ↗machine: span 257945–257952
6Section 08, Gary M. Phillips, M.DDEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 196,218. Filing ↗machine: span 260102–260109
7Section 08, Ben R. Bronstein, M.DDEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 192,719. Filing ↗machine: span 254727–254734
8Section 08, Neal S. Walker, D.ODEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 177,472. Filing ↗machine: span 261192–261199
9Section 08, Nancy B. Miller-RichDEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 177,472. Filing ↗machine: span 259035–259042
10Section 08, William D. ClarkDEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 162,459. Filing ↗machine: span 255782–255789
11Section 08, Todd C. Brady, M.D., Ph.DDEF 14A2026-04-270001193125-26-182099Section “Director Compensation”. As printed: 0. Filing ↗
12Section 06, 2026 voteForm 8-K2026-06-100001193125-26-264514Item 5.07 · say-on-pay result. As reported: 81.09% (votes for as printed: 19,477,504). Filing ↗
13Section 06, 2025 voteForm 8-K2025-06-110000950170-25-084820Item 5.07 · say-on-pay result. As reported: 70.41% (votes for as printed: 18,847,620). Filing ↗
14Section 06, 2024 voteForm 8-K2024-06-070001193125-24-157328Item 5.07 · say-on-pay result. As reported: 91.67% (votes for as printed: 31,493,319). Filing ↗
15Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
16Section 09b board cost (computed)Computed——Cash 320,222 + equity 0 + all other 0 = 320,222, summed across the director compensation table rows.machine: formula: Σ = 320,222
17Aldeyra Therapeutics, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-270001193125-26-182099CEO total compensation as printed in Aldeyra Therapeutics, Inc.'s own proxy. As printed: 4,704,179. Filing ↗machine: span 302788–302797

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