Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-03-26

Alto Neuroscience (ANRO)

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.

$2,188,487
Amit Etkin total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against ANRO
No companies currently name ANRO as a compensation peer in their most recent disclosure.

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Amit Etkin$650,671$220,000$0$934,186$358,072$0$25,558$2,188,487
President, Chief Executive Officer, and Chair of the Board
Nicholas Smith493,720220,0000594,723222,300010,8421,541,585
Chief Financial Officer and Chief Business Officer
Michael Hanley488,80000517,598195,520011,0101,212,928
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Amit Etkin$2,188,487
Nicholas Smith1,541,585
Michael Hanley1,212,928

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
Nicholas SmithRSU134,886$67,443
Michael HanleyRSU74,417113,583
Amit EtkinRSU215,000107,502
Amit EtkinRSU164,85982,431
Amit EtkinRSU97,56348,782
Nicholas SmithRSU39,37519,688
Michael HanleyRSU8,00012,210
Amit EtkinRSU25,2439,377
Nicholas SmithRSU24,6709,163
Nicholas SmithRSU36,5318,431
Nicholas SmithOption135,0004.2
Michael HanleyOption125,0004.2
05

Incentive-plan design — the Compensation Discussion & Analysis

Base salaries are intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role, and responsibilities as well as competitive market compensation paid by other companies for similar positions within the industry and geography.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantAon Consulting, Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
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)16,000 / 12,000 / 10,000
Stock ownership guideline
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
1Alto Neuroscience2025Amit Etkin$650,671$0$934,186$358,072$2,188,487

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, Amit EtkinDEF 14A2026-03-260001104659-26-035180Section “Summary Compensation Table”. As printed: 2,188,487. Filing ↗machine: r1 · c47 · span 533298–533307
2Section 01, Nicholas SmithDEF 14A2026-03-260001104659-26-035180Section “Summary Compensation Table”. As printed: 1,541,585. Filing ↗machine: r3 · c47 · span 542740–542749
3Section 01, Michael HanleyDEF 14A2026-03-260001104659-26-035180Section “Summary Compensation Table”. As printed: 1,212,928. Filing ↗machine: r5 · c47 · span 552122–552131
4Section 07, pay ratio10-K2026-03-160001999480-26-000002Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Alto Neuroscience (subject), Section 10b CEO totalDEF 14A2026-03-260001104659-26-035180CEO total compensation as printed in Alto Neuroscience's own proxy. As printed: 2,188,487. Filing ↗machine: r1 · c47 · span 533298–533307