Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-12

Annexon (ANNX)

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.

$3,579,202
Douglas Love total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
98.4%
Say-on-pay support, latest vote
Companies that benchmark against ANNX
3 companies name ANNX as a compensation peer

Each company listed discloses ANNX 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 ANNX 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Douglas Love$670,833$0$0$2,522,260$371,250$0$14,858$3,579,202
President & Chief Executive Officer
Ted Yednock497,5830112,408528,850200,300039,9111,379,052
Executive Vice President and Chief Innovation Officer
Jennifer Lew495,8170112,408528,850200,20004,0001,341,274
Executive Vice President and 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 FY20242025
Douglas Love$3,579,202$3,672,746−93,544
Ted Yednock1,379,0521,563,793−184,741
Jennifer Lew1,341,274

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ted YednockRSU44,963$225,714
Jennifer LewRSU44,963225,714
Ted YednockRSU26,000130,520
Jennifer LewRSU26,000130,520
Ted YednockRSU6,32531,752
Jennifer LewRSU6,32531,752
Douglas LoveOption13,1346.94
Douglas LoveOption100,6255.94
Douglas LoveOption355,4425.13
Douglas LoveOption1,029,1672.5
Ted YednockOption4,1676.94
Ted YednockOption22,4735.94
Ted YednockOption86,6675.13
Ted YednockOption215,7892.5
Jennifer LewOption4,1676.94
Jennifer LewOption22,4735.94
Jennifer LewOption86,6675.13
Jennifer LewOption215,7892.5
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-11122,347,5131,986,38768,79498.4%Passed
20252025-06-0579,754,5213,796,8293,296,80595.46%Passed
20242024-06-0577,548,9181,895,32872,25097.61%Passed
20232023-06-0843,673,999101,16644,12599.77%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
20262026-06-1198.4%a
20252025-06-0595.46%b
20242024-06-0597.61%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
William (BJ) Jones JrIndependent · Nominating and Corporate Governance · Science and Technology$43,500$432,489$475,989
Thomas G. WiggansIndependent · Board Chair · Compensation · Nominating and Corporate Governance · Not standing for re-election86,000106,2150192,215
William D. WaddillIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance65,000106,2150171,215
Muneer A. SatterIndependent · Audit · Nominating and Corporate Governance (Chair)60,000106,2150166,215
Jung E. ChoiIndependent · Compensation (Chair) · Science and Technology58,000106,2150164,215
Bettina M. Cockroft, M.DIndependent · Audit · Science and Technology56,000106,2150162,215
Douglas Love, EsqEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 6,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$368,500
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$368,500

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
1Annexon2025Douglas Love$670,833$0$2,522,260$371,250$3,579,202

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.

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, Douglas LoveDEF 14A2026-04-270001140361-26-017085Section “Executive Compensation”. As printed: 3,579,202. Filing ↗machine: r2 · c24 · span 356205–356214
2Section 01, Ted YednockDEF 14A2026-04-270001140361-26-017085Section “Executive Compensation”. As printed: 1,379,052. Filing ↗machine: r4 · c24 · span 365207–365216
3Section 01, Jennifer LewDEF 14A2026-04-270001140361-26-017085Section “Executive Compensation”. As printed: 1,341,274. Filing ↗machine: r6 · c24 · span 373869–373878
4Section 08, William (BJ) Jones JrDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 475,989. Filing ↗machine: span 739504–739511
5Section 08, Thomas G. WiggansDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 192,215. Filing ↗machine: span 732243–732250
6Section 08, William D. WaddillDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 171,215. Filing ↗machine: span 734799–734806
7Section 08, Muneer A. SatterDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 166,215. Filing ↗machine: span 730039–730046
8Section 08, Jung E. ChoiDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 164,215. Filing ↗machine: span 727485–727492
9Section 08, Bettina M. Cockroft, M.DDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 162,215. Filing ↗machine: span 725286–725293
10Section 08, Douglas Love, EsqDEF 14A2026-04-270001140361-26-017085Section “Director Compensation”. As printed: 0. Filing ↗
11Section 06, 2026 voteForm 8-K2026-06-120001193125-26-269479Item 5.07 · say-on-pay result. As reported: 98.4% (votes for as printed: 122,347,513). Filing ↗
12Section 06, 2025 voteForm 8-K2025-06-090001193125-25-137810Item 5.07 · say-on-pay result. As reported: 95.46% (votes for as printed: 79,754,521). Filing ↗
13Section 06, 2024 voteForm 8-K2024-06-120001193125-24-159748Item 5.07 · say-on-pay result. As reported: 97.61% (votes for as printed: 77,548,918). Filing ↗
14Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
15Section 09b board cost (computed)ComputedcomputedCash 368,500 + equity 0 + all other 0 = 368,500, summed across the director compensation table rows.machine: formula: Σ = 368,500
16Annexon (subject), Section 10b CEO totalDEF 14A2026-04-270001140361-26-017085CEO total compensation as printed in Annexon's own proxy. As printed: 3,579,202. Filing ↗machine: r2 · c24 · span 356205–356214