Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-05

Anika Therapeutics (ANIK)

CEO Stephen Griffin was paid $2,033,370 in fiscal year 2025, ↓ down 23.2% from fiscal year 2024, the 6th percentile of its disclosed peer group (SEC filing 0001140361-26-017488 ↗): 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.

$4,887,318
Cheryl Blanchard total, FY2025
Executive Chair; Former President and Chief Executive Officer — highest-paid officer; CEO Stephen Griffin: $2,033,370
6th
CEO (Stephen Griffin) pay percentile vs peers
44:1
CEO-to-median pay ratio
88.32%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Stephen Griffin (President and Chief Executive Officer; Former EVP, Chief Financial Officer and Chief Operating Officer), FY2025 total compensation $2,033,370 (base salary $500,000) [exec_comp, SEC accession 0001140361-26-017488, filed 2026-04-28]

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ANIK's next annual pay disclosure, estimated April 28, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Cheryl Blanchard$750,397$638,000$3,476,669$0$0$0$22,252$4,887,318
Executive Chair; Former President and Chief Executive Officer
Stephen Griffin500,000300,0001,215,22200018,1482,033,370
President and Chief Executive Officer; Former EVP, Chief Financial Officer and Chief Operating Officer
David Colleran486,424219,000889,62400019,1571,614,205
Executive Vice President, General Counsel and Secretary
Anne Nunes157,6390505,922000282,310946,571
Former Senior Vice President, Chief Operations Officer
Ian McLeod345,362121,987275,94300022,252765,544
Senior Vice President, Chief Accounting Officer and Treasurer

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
Cheryl Blanchard$4,887,318$5,103,466$4,459,800↓ −216,148
Stephen Griffin2,033,3702,646,150—↓ −612,780
David Colleran1,614,2051,668,5871,550,514↓ −54,382
Anne Nunes946,5711,131,6331,013,585↓ −185,062
Ian McLeod765,544———

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 ANIK
7 companies name ANIK as a compensation peer

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

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
Gary P. FischettiIndependent Director$212,497
Glenn R. Larsen, Ph.DIndependent Director$212,497
John B. Henneman, IIILead Independent Director$267,497
Joseph H. CapperIndependent Director$222,497
Sheryl L. ConleyIndependent Director$224,997
Stephen O. RichardIndependent Director$229,997
Susan L. N. VogtFormer director (through FY2025)$229,997
William R. JellisonIndependent Director$224,997
02

Equity transactions since the proxy statement was filed

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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Stephen D. GriffinDirector2026-04-30A12,200$12$149,881CommonForm 4 ↗
John B. Henneman, IIIDirector2026-05-01A5,0001573,320CommonForm 4 ↗
Stephen D. GriffinDirector2026-06-03D12,84000Derivative, Class A CommonForm 4 ↗
Stephen D. GriffinDirector2026-06-03D3,7691454,311CommonForm 4 ↗
Stephen D. GriffinDirector2026-06-03A12,840——CommonForm 4 ↗
Joseph H. CapperDirector2026-06-18A10,40200CommonForm 4 ↗
Sheryl L. ConleyDirector2026-06-18A10,40200CommonForm 4 ↗
John B. Henneman, IIIDirector2026-06-18A10,40200CommonForm 4 ↗
Gary P. FischettiDirector2026-06-18A10,40200CommonForm 4 ↗
Stephen O. RichardDirector2026-06-18A10,40200CommonForm 4 ↗
Gary P. FischettiDirector2026-08-03A1,0002120,745CommonForm 4 ↗
Gary P. FischettiDirector2026-08-04A1,0002020,315CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Ian McLeodRSU2025-03-14——17,344—$275,943
Anne NunesRSU2025-03-14——31,799—505,922
Cheryl BlanchardRSU2025-03-14——218,521—3,476,669
David ColleranRSU2025-03-14——55,916—889,624
Stephen GriffinRSU2025-03-14——76,381—1,215,222
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ian McLeod$275,943$0$00.0%
Anne Nunes505,922000.0%
Cheryl Blanchard3,476,669000.0%
David Colleran889,624000.0%
Stephen Griffin1,215,222000.0%

% 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
David ColleranRSU14,082—$135,328
Stephen GriffinRSU32,175—309,202
Cheryl BlanchardRSU71,403—686,183
Cheryl BlanchardRSU60,900—585,249
Stephen GriffinRSU38,473—369,726
David ColleranRSU28,165—270,666
Stephen GriffinRSU19,236—184,858
Stephen GriffinRSU18,672—179,438
Ian McLeodRSU11,324—108,824
Ian McLeodRSU3,484—33,481
Ian McLeodRSU3,173—30,493
Ian McLeodRSU2,536—24,371
David ColleranRSU15,625—150,156
David ColleranRSU13,669—131,359
Cheryl BlanchardOption101,64433.4—
David ColleranOption35,00043.06—
Ian McLeodOption7,24844.47—
Cheryl BlanchardRSU73,559—706,902
Cheryl BlanchardOption139,16833.4—
05

Incentive-plan design — the Compensation Discussion & Analysis

We have designed our compensation program to: Motivate and reward our executives to achieve or exceed our financial and operating performance objectives; Propel our business forward through a focus on operational excellence and execution of our business strategy; Link each NEO's compensation with specific business objectives; Align each NEO's compensation with the interests of long-term stockholders by tying a significant portion of total compensation opportunity to the value of our stock; Reinforce accountability and cooperation by tying a significant portion of total NEO compensation to overall Company performance; Attract and retain talented leaders who can drive and implement our growth and operational excellence strategies; Reward individual performance and accomplishments; Keep the compensation packages competitive with those of our peers and other companies with whom we compete for highly-skilled top talent

CEO STI target (% of salary)85%
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-188,268,6761,093,94631,17988.32%Passed
20252025-06-208,374,0762,529,08141,84976.8%Passed
20242024-07-0911,020,273129,7176,74898.84%Passed
20232023-06-1411,873,054227,51951,16298.12%Passed
20222022-06-0812,145,089286,36054,84797.7%Passed
20212021-06-169,121,8862,705,45321,31177.13%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
20262026-06-1888.32%a
20252025-06-2076.8%b
20242024-07-0998.84%c

a. Approved under the standard stated in the filing — “Abstentions will not count as votes cast and will have no effect on the vote.”.

b. Approved under the standard stated in the filing — “Abstentions will not count as votes cast and will have no effect on the vote.”.

c. Approved under the standard stated in the filing — “Abstentions will not count as votes cast and will have no effect on the vote.”.

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)44 : 1
CEO total compensation$4,887,318
Median employee compensation$112,114
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John B. Henneman, IIIIndependent · Lead Independent Director · Governance and Nominating$117,500$149,997$0$0$0$267,497
Susan L. N. VogtIndependent · Departed during FY80,000149,997000229,997
Stephen O. RichardIndependent · Audit (Chair) · Governance and Nominating80,000149,997000229,997
Sheryl L. ConleyIndependent · Audit · Compensation (Chair)75,000149,997000224,997
William R. JellisonIndependent · Audit · Not standing for re-election75,000149,997000224,997
Joseph H. CapperIndependent · Compensation72,500149,997000222,497
Glenn R. Larsen, Ph.DIndependent · Compensation · Not standing for re-election62,500149,997000212,497
Gary P. FischettiIndependent · Compensation62,500149,997000212,497
Cheryl R. Blanchard, Ph.DEmployee director · Board Chair000—00
Stephen D. GriffinEmployee director · Newly elected000—00
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$149,997
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 87,500 / 10,000
Stock ownership guideline3x annual Board retainer (directors); 3x base salary (CEO); 1x base salary (other NEOs)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$625,000
Equity awards (grant-date value)$1,199,976
All other compensation$0
Total cost of the board$1,824,976

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 Anika 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 Anika 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
1Vericel Corporation2025Dominick Colangelo$860,000$3,964,630$5,456,287$860,000$11,156,368
2AxoGen, Inc.2025Michael Dale775,8657,342,8950906,1339,047,454
3Travere Therapeutics, Inc.2025Eric Dube854,2503,314,5203,309,384964,1258,457,151
4MiMedx Group, Inc.2025Joseph Capper768,1734,699,000819,422887,8007,182,208
5Artivion, Inc.2025J. Patrick Mackin835,1455,006,9900991,3686,883,108
6Organogenesis Holdings Inc.2025Gary Gillheeney979,1052,833,3301,380,0171,536,5756,811,754
7Akebia Therapeutics, Inc.2025John Butler864,0102,164,3382,024,798580,9735,652,339
8Rigel Pharmaceuticals, Inc.2025Raul Rodriguez787,405951,3272,241,570634,6494,658,805
9Avid Bioservices, Inc.2024Nicholas Green650,0003,776,336004,475,343
10Bioventus Inc.2025Robert Claypoole824,1101,982,530662,949781,2564,299,108
11Vanda Pharmaceuticals, Inc.2025Mihael Polymeropoulos965,6552,007,0000834,3263,851,468
12SurModics, Inc.2024Gary Maharaj647,481940,0001,410,000654,2153,665,496
13Heron Therapeutics, Inc.2025Craig Collard689,431946,2541,352,917517,1893,516,291
14Karyopharm Therapeutics, Inc.2025Richard Paulson770,000838,996241,544350,3502,320,902
15MacroGenics, Inc.2025Eric Risser561,56852,0001,049,386251,9002,078,854
16Anika Therapeutics2025Stephen Griffin500,0001,215,222002,033,370
17Collegium Pharmaceutical, Inc.2025Vikram Karnani875,00000835,4061,715,846

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
Anika Therapeutics100%PSU 67 · RSU 33NoWillis Towers Watson
Akebia Therapeutics, Inc.90%Options 50 · RSU 25 · MSU 25NoPearl Meyer
Artivion, Inc.118.7%PSU 50 · RSU 50NoWillis Towers Watson
Avid Bioservices, Inc.0%RSU 50 · PSU 50NoAnderson Pay Advisors, LLC
AxoGen, Inc.116.79%PSU 50 · RSU 50NoAon
Bioventus Inc.not disclosedRSU 49 · PSU 26 · Options 25NoAon plc
Collegium Pharmaceutical, Inc.127.3%RSU 70 · PSU 30Yes — relative ranking of the total shareholder return (TSR) of the Company's common stock in 2025, 2026, 2027 and the cumulative three-year performance period (2025-2027) return relative to the TSR of peer companies within the S&P Pharmaceutical Select Industry IndexAlpine Rewards, LLC
Heron Therapeutics, Inc.not disclosedOption 66.67 · RSU 33.33not disclosedCompensia, Inc.
Karyopharm Therapeutics, Inc.90%not disclosedYes — Relative TSRAlpine, WTW
MacroGenics, Inc.85%not disclosednot disclosedAlpine Rewards, LLC
MiMedx Group, Inc.115%not disclosedNoWillis Towers Watson
Organogenesis Holdings Inc.not disclosednot disclosednot disclosedPearl Meyer
Rigel Pharmaceuticals, Inc.124%Options 75 · RSU 25NoPearl Meyer
SurModics, Inc.126.3%Option 60 · Restricted Shares 40not disclosedPay Governance LLC
Travere Therapeutics, Inc.150%not disclosedNoAon
Vanda Pharmaceuticals, Inc.108%not disclosedYes — Relative TSRWillis Towers Watson
Vericel Corporation100%Options 58 · RSU 42not disclosedFW Cook

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 Anika Therapeutics in fiscal 2025?
As disclosed, Cheryl Blanchard (Executive Chair; Former President and Chief Executive Officer) was the highest-paid executive at Anika Therapeutics in fiscal 2025, with total compensation of $4,887,318.
How does Anika Therapeutics's chief executive pay compare to its disclosed peer group?
As disclosed, Stephen Griffin's total compensation ranked at the 6th percentile of Anika Therapeutics's disclosed peer group.
What is Anika Therapeutics's CEO-to-median employee pay ratio?
As disclosed, Anika Therapeutics's CEO-to-median employee pay ratio was 44:1.
How did shareholders vote on Anika Therapeutics's executive compensation?
As disclosed, 88.32% of shareholders supported Anika Therapeutics's executive compensation in the latest say-on-pay vote.
How much does Anika Therapeutics spend in total on board compensation for fiscal 2025?
As disclosed, Anika Therapeutics reported total board compensation of $1,824,976 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, Cheryl BlanchardDEF 14A2026-04-280001140361-26-017488Section “Summary Compensation Table” · page 64. As printed: 4,887,318. Filing ↗machine: r2 · c22 · span 1039679–1039688
2Section 01, Stephen GriffinDEF 14A2026-04-280001140361-26-017488Section “Summary Compensation Table” · page 64. As printed: 2,033,370. Filing ↗machine: r5 · c22 · span 1052517–1052526
3Section 01, David ColleranDEF 14A2026-04-280001140361-26-017488Section “Summary Compensation Table” · page 64. As printed: 1,614,205. Filing ↗machine: r7 · c22 · span 1060727–1060736
4Section 01, Anne NunesDEF 14A2026-04-280001140361-26-017488Section “Summary Compensation Table” · page 64. As printed: 946,571. Filing ↗machine: r10 · c22 · span 1073299–1073306
5Section 01, Ian McLeodDEF 14A2026-04-280001140361-26-017488Section “Summary Compensation Table” · page 64. As printed: 765,544. Filing ↗machine: r13 · c22 · span 1085051–1085058
6Section 03, Ian McLeod RSUDEF 14A2026-04-280001140361-26-017488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t333 · r6 · c10 · span 1125919–1125925
7Section 03, Anne Nunes RSUDEF 14A2026-04-280001140361-26-017488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t333 · r5 · c10 · span 1122528–1122534
8Section 03, Cheryl Blanchard RSUDEF 14A2026-04-280001140361-26-017488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t321 · r2 · c13 · span 1037898–1037907
9Section 03, David Colleran RSUDEF 14A2026-04-280001140361-26-017488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t333 · r4 · c10 · span 1118940–1118946
10Section 03, Stephen Griffin RSUDEF 14A2026-04-280001140361-26-017488Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t333 · r3 · c10 · span 1115490–1115496
11Section 07, pay ratioDEF 14A—0001140361-26-017488Section “CEO Pay Ratio”. As printed: 44 : 1.machine: span 1618885–1618892
12Section 08, John B. Henneman, IIIDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 267,497. Filing ↗machine: t381 · r5 · c10 · span 1661039–1661218
13Section 08, Susan L. N. VogtDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 229,997. Filing ↗machine: t381 · r9 · c10 · span 1669235–1669413
14Section 08, Stephen O. RichardDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 229,997. Filing ↗machine: t381 · r8 · c10 · span 1667387–1667573
15Section 08, Sheryl L. ConleyDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 224,997. Filing ↗machine: t381 · r3 · c10 · span 1656945–1657124
16Section 08, William R. JellisonDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 224,997. Filing ↗machine: t381 · r6 · c10 · span 1663249–1663435
17Section 08, Joseph H. CapperDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 222,497. Filing ↗machine: t381 · r2 · c10 · span 1655015–1655201
18Section 08, Glenn R. Larsen, Ph.DDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 212,497. Filing ↗machine: t381 · r7 · c10 · span 1665185–1665364
19Section 08, Gary P. FischettiDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 212,497. Filing ↗machine: t381 · r4 · c10 · span 1659146–1659332
20Section 08, Cheryl R. Blanchard, Ph.DDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Stephen D. GriffinDEF 14A2026-04-280001140361-26-017488Section “Director Compensation”. As printed: 0. Filing ↗
22Section 02, Stephen D. Griffin 2026-04-30Form 42026-04-300001193125-26-197887Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, John B. Henneman, III 2026-05-01Form 42026-05-040001193125-26-202704Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Stephen D. Griffin 2026-06-03Form 42026-06-050001193125-26-259520Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Stephen D. Griffin 2026-06-03Form 42026-06-050001193125-26-259520Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Stephen D. Griffin 2026-06-03Form 42026-06-050001193125-26-259520Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Joseph H. Capper 2026-06-18Form 42026-06-230001193125-26-279539Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Sheryl L. Conley 2026-06-18Form 42026-06-230001193125-26-279535Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, John B. Henneman, III 2026-06-18Form 42026-06-230001193125-26-279542Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Gary P. Fischetti 2026-06-18Form 42026-06-230001193125-26-279545Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Stephen O. Richard 2026-06-18Form 42026-06-230001193125-26-279541Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Gary P. Fischetti 2026-08-03Form 42026-08-050001193125-26-335269Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Gary P. Fischetti 2026-08-04Form 42026-08-050001193125-26-335269Insider equity transaction reported since the proxy statement. Filing ↗
34Section 06, 2026 voteForm 8-K2026-06-230001171843-26-004253Item 5.07 · say-on-pay result. As reported: 88.32% (votes for as printed: 8,268,676). Filing ↗
35Section 06, 2025 voteForm 8-K2025-06-240001171843-25-004062Item 5.07 · say-on-pay result. As reported: 76.8% (votes for as printed: 8,374,076). Filing ↗
36Section 06, 2024 voteForm 8-K2024-07-110001171843-24-003900Item 5.07 · say-on-pay result. As reported: 98.84% (votes for as printed: 11,020,273). Filing ↗
37Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
38Section 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
39Section 09b board cost (computed)Computed——Cash 625,000 + equity 1,199,976 + all other 0 = 1,824,976, summed across the director compensation table rows.machine: formula: Σ = 1,824,976
40Vericel Corporation, Section 10b CEO totalDEF 14A2026-03-190001308179-26-000094CEO total compensation as printed in Vericel Corporation's own proxy. As printed: 11,156,368. Filing ↗machine: t258 · r1 · c27 · span 627744–627754
41AxoGen, Inc., Section 10b CEO totalDEF 14A2026-04-290000805928-26-000057CEO total compensation as printed in AxoGen, Inc.'s own proxy. As printed: 9,047,454. Filing ↗machine: r2 · c45 · span 557309–557318
42Travere Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-060001438533-26-000027CEO total compensation as printed in Travere Therapeutics, Inc.'s own proxy. As printed: 8,457,151. Filing ↗machine: span 558514–558523
43MiMedx Group, Inc., Section 10b CEO totalDEF 14A2026-04-290001376339-26-000033CEO total compensation as printed in MiMedx Group, Inc.'s own proxy. As printed: 7,182,208. Filing ↗machine: t18 · r2 · c29 · span 444167–444176
44Artivion, Inc., Section 10b CEO totalDEF 14A2026-04-010001999371-26-007510CEO total compensation as printed in Artivion, Inc.'s own proxy. As printed: 6,883,108. Filing ↗machine: r3 · c9 · span 741873–741882
45Organogenesis Holdings Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197357CEO total compensation as printed in Organogenesis Holdings Inc.'s own proxy. As printed: 6,811,754. Filing ↗machine: r2 · c31 · span 316005–316014
46Akebia 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
47Rigel Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-030001034842-26-000023CEO total compensation as printed in Rigel Pharmaceuticals, Inc.'s own proxy. As printed: 4,658,805. Filing ↗machine: t120 · r3 · c22 · span 886059–886068
48Avid Bioservices, Inc., Section 10b CEO totalDEF 14A2024-08-280001683168-24-006081CEO total compensation as printed in Avid Bioservices, Inc.'s own proxy. As printed: 4,475,343. Filing ↗machine: r1 · c8 · span 442595–442604
49Bioventus Inc., Section 10b CEO totalDEF 14A2026-04-220001665988-26-000014CEO total compensation as printed in Bioventus Inc.'s own proxy. As printed: 4,299,108. Filing ↗machine: t53 · r2 · c28 · span 430404–430413
50Vanda Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026893CEO total compensation as printed in Vanda Pharmaceuticals, Inc.'s own proxy. As printed: 3,851,468. Filing ↗machine: span 563696–563705
51SurModics, Inc., Section 10b CEO totalDEF 14A2024-12-190000950170-24-138240CEO total compensation as printed in SurModics, Inc.'s own proxy. As printed: 3,665,496. Filing ↗machine: r3 · c25 · span 1568790–1568799
52Heron Therapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-196306CEO total compensation as printed in Heron Therapeutics, Inc.'s own proxy. As printed: 3,516,291. Filing ↗machine: span 728212–728221
53Karyopharm 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
54MacroGenics, Inc., Section 10b CEO totalDEF 14A2026-04-080001125345-26-000021CEO total compensation as printed in MacroGenics, Inc.'s own proxy. As printed: 2,078,854. Filing ↗machine: r2 · c57 · span 494189–494198
55Anika Therapeutics (subject), Section 10b CEO totalDEF 14A2026-04-280001140361-26-017488CEO total compensation as printed in Anika Therapeutics's own proxy. As printed: 2,033,370. Filing ↗machine: r5 · c22 · span 1052517–1052526
56Collegium Pharmaceutical, Inc., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024063CEO total compensation as printed in Collegium Pharmaceutical, Inc.'s own proxy. As printed: 1,715,846. Filing ↗machine: r2 · c48 · span 779394–779403
57Section 10a, Karyopharm Therapeutics, Inc. reciprocityDEF 14A—0001503802-26-000023Karyopharm Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
58Section 10a, Avid Bioservices, Inc. reciprocityDEF 14A—0001683168-24-006081Avid Bioservices, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
59Section 10a, MiMedx Group, Inc. reciprocityDEF 14A—0001376339-26-000033MiMedx Group, Inc. names Anika Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Akebia Therapeutics, Inc. reciprocityDEF 14A—0001517022-26-000034Akebia Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
61Section 10a, Artivion, Inc. reciprocityDEF 14A—0001999371-26-007510Artivion, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
62Section 10a, Collegium Pharmaceutical, Inc. reciprocityDEF 14A—0001628280-26-024063Collegium Pharmaceutical, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
63Section 10a, AxoGen, Inc. reciprocityDEF 14A—0000805928-26-000057AxoGen, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
64Section 10a, Heron Therapeutics, Inc. reciprocityDEF 14A—0001193125-26-196306Heron Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
65Section 10a, SurModics, Inc. reciprocityDEF 14A—0000950170-24-138240SurModics, Inc. names Anika Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, MacroGenics, Inc. reciprocityDEF 14A—0001125345-26-000021MacroGenics, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
67Section 10a, Organogenesis Holdings Inc. reciprocityDEF 14A—0001193125-26-197357Organogenesis Holdings Inc. names Anika Therapeutics in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, Rigel Pharmaceuticals, Inc. reciprocityDEF 14A—0001034842-26-000023Rigel Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
69Section 10a, Travere Therapeutics, Inc. reciprocityDEF 14A—0001438533-26-000027Travere Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
70Section 10a, Vanda Pharmaceuticals, Inc. reciprocityDEF 14A—0001628280-26-026893Vanda Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
71Section 10a, Vericel Corporation reciprocityDEF 14A—0001308179-26-000094Vericel Corporation's most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗
72Section 10a, Bioventus Inc. reciprocityDEF 14A—0001665988-26-000014Bioventus Inc.'s most recent proxy was read; its disclosed peer group does not include Anika Therapeutics. Filing ↗

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